India's GCC-Driven Office Market Boom
Analysis based on 10 articles · First reported Feb 03, 2026 · Last updated Feb 03, 2026
The Indian office real estate market is experiencing significant growth, driven by Global Capability Centres (GCCs), which are projected to expand substantially by 2030. This positive trend is expected to attract more global capital and create high-value jobs, boosting the overall economic sentiment for India.
A joint report by the Federation of Indian Chambers of Commerce & Industry (FICCI) and ANAROCK Group, titled 'Workplaces 2025: India Commercial Real Estate Reimagined', reveals that India's office market posted an all-time high leasing in 2025, largely driven by Global Capability Centres (GCCs). GCCs accounted for over 40% of gross leasing across the top seven cities, totaling 32.5 million square feet out of 80.5 million square feet. India is projected to host over 2,400 GCCs by 2030, employing more than 2.8 million professionals, with the market size expected to reach $105-110 billion. India===Bengaluru continues to lead the GCC landscape, followed by India===Pune, India===Delhi National Capital Region, and India===Hyderabad. The report also highlights the potential for growth in India's Real estate investment trust (REIT) market, with penetration expected to rise to 25-30% by 2030.
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