Global Capability Centres Drive India's Office Space Boom

Leading global companies have leased nearly 53 million square feet of office space in six major Indian cities since 2022 for Global Capability Centres (GCCs), as per CBRE and Zyoin. Bengaluru emerged as the top city with a 40% share. The trend is fueled by a skilled workforce and cost advantages.

Leading global companies have secured nearly 53 million square feet of office space across six major Indian cities to establish Global Capability Centres (GCCs) since 2022, according to a joint report by property consultant CBRE and hiring solutions firm Zyoin.

The report highlights that GCCs have significantly expanded their operations in India, thanks to a skilled workforce, cost efficiency, and a supportive business environment.

Bengaluru leads the charge with a 40% share of total leasing, followed by Hyderabad and Chennai. This trend underscores India's growing importance as a hub for global corporations seeking long-term strategic commitments.