India GCC GrGowth Surges as 200 New Global Capability Centers Enter Market, Leasing Hits Record 31 Million Sq Ft

Mumbai, February 17: India’s Global Capability Center ecosystem continues to expand at a rapid pace, with more than 200 new GCCs established in the country over the past two years. The total GCC footprint is projected to surpass 350 million square feet within the next three to four years, signaling sustained momentum in corporate expansion and office space demand.

GCC Leasing Activity Reaches Record High​

According to a report released by JLL, GCC leasing activity in India touched a record 31 million square feet in 2025. The surge reflects the evolution of a sophisticated ecosystem of specialized metropolitan hubs, each offering distinct competitive advantages across key industry verticals.

Over the past decade, GCCs have driven 40 percent of total office leasing activity. Currently, more than 90 percent of GCC operations are concentrated in Tier 1 cities, which collectively account for over 263 million square feet of Grade A office space across the top seven cities.

Dr. Samantak Das, Chief Economist and Head of Research and REIS, India at JLL, said the figures indicate sustained growth and structural maturity within India’s GCC landscape.

Bengaluru Leads, Hyderabad and Pune Strengthen Share​

Bengaluru continues to dominate the GCC market with a 34 to 39 percent share, supported by more than 900 GCC units. The city remains the benchmark for technology and enterprise capability development.

Hyderabad has secured a 20 to 23 percent market share, backed by its strong leadership in the healthcare and biotech sectors.

Pune has captured between 15 and 20 percent of national GCC activity over the past four years. The city has attracted multinational corporations due to talent availability, quality of life, and focused sector positioning.

Chennai has recorded strong year on year demand growth since 2023, reinforcing its position as a manufacturing and automotive hub.

Delhi NCR has also emerged as a corporate services powerhouse, leveraging its diverse economic base and steady growth momentum.

US Firms Drive Majority of GCC Demand​

The report highlights that US headquartered companies account for 70 percent of total GCC demand between 2018 and 2025. This trend underscores India’s strategic importance to American enterprises seeking operational scale and efficiency.

Tier II Cities Witness Strategic Expansion​

While Bengaluru, Hyderabad, Pune, and other major metros continue to anchor the GCC ecosystem, a shift toward Tier II cities is gaining traction.

From industrial and GIFT City corridors in Ahmedabad to business growth in Kolkata and Jaipur, secondary cities are increasingly emerging as sophisticated business hubs. The expansion represents a strategic evolution driven by favorable business economics and emerging opportunities, as global enterprises diversify their India footprint.

With record leasing, expanding geographic reach, and strong participation from global firms, India’s GCC sector is entering its next phase of structural growth and market consolidation.