Summary:

India’s Global Capability Centres (GCCs) are reshaping the nation’s commercial real estate landscape, propelling the office property market to unprecedented heights in the March quarter. This remarkable growth has been fuelled by expanding multinational corporations, particularly in key business hubs like Bengaluru, Hyderabad and Pune. As companies scale their operations, India is cementing its reputation as a global epicentre for high-value corporate services, R&D and back-end innovation.

The demand for Grade A office spaces has surged, with leasing activity reaching new peaks, reflecting India’s strategic importance for international enterprises. GCCs have emerged as dominant players, accounting for a substantial share of premium office space absorption, driven by a skilled workforce, cost advantages and government-backed policy support. With India’s commercial real estate sector experiencing sustained investment inflows and a growing preference for premium office locations, the country is poised for continued expansion. As global firms prioritise operational efficiency, digital transformation and innovation-driven functions, India’s office market boom underscores its evolution into a cornerstone of the global business ecosystem.

Source: IBEF

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