Of Gross Office Leasing in last 2 Yrs, GCCs share at 37%, Bengaluru tops with 24 mn sq. ft.
A total of 141.43 mn sq. ft. of gross office space was leased across the top 7 cities in 2023 & 2024 together
Global Capability Centres (GCCs) alone leased approx. 52.88 mn sq. ft. in the last 2 Yrs.
Bengaluru’s share alone in GCC leasing comprises a significant 46% among the top 7 cities, followed by Hyderabad with 19% share or approx. 10.06 mn sq. ft.
If we deep-dive, gross leasing by GCCs in 2023 across the top 7 cities stood at approx. 24.5 mn sq. ft. which increased to 28.38 mn sq. ft. in 2024, a 16% yearly jump
Increased govt. support for GCCs in Tier 2 & 3 cities (announced in the Union Budget recently) to help states attract and promote GCCs will further strengthen India’s position as a global business hub
Incremental hiring across GCCs is anticipated to crea...