India’s top seven cities lease over 55 mn sq ft of office space in 2025, up by 10% yoy on GCC-led demand

India’s top seven cities leased nearly 55.16 million sq ft (msf) in 2025, a 10% year-on-year increase from approximately 49.95 msf in 2024, despite headwinds such as IT sector layoffs and global tariff tensions, according to a report by ANAROCK. India’s top seven cities leased about 55.16 msf of office space in 2025, up 10% […]

India’s flex office space segment likely to touch $9–10 billion by 2028, driven by GCC demand: Report

India’s flexible workspace segment is projected to grow to $9–10 billion by 2028, nearly tripling from the current $3–4 billion, driven largely by the rapid expansion of Global Capability Centres (GCCs), according to a joint report by Smartworks Coworking Spaces and UnearthIQ. India’s flex workspace market is set to reach $9–10 billion by 2028, nearly […]

GCCs power India’s innovation push, poised to touch $105 billion by 2030

India has become a leading hub for Global Capability Centres (GCCs), with major clusters in Bengaluru, Hyderabad, Pune, Chennai, Mumbai, and the National Capital Region. The sector is projected to reach $105 billion by 2030, supported by nearly 2,400 centres employing over 2.8 million professionals, a government note has said. India has become a leading […]

Here’s why Hyderabad is outpacing Bengaluru in attracting Global Capability Centres

With more than 70 Global Capability Centres (GCCs) of companies such as Netflix, Eli Lilly, Costco and McDonald’s, now operating in Hyderabad, the city continues to cement its position as a global hub for enterprise innovation. Adding to this momentum, Hyderabad has reportedly attracted the GCC of French beauty major L’Oréal, the world’s largest cosmetics […]

Urban Vault strengthens GCC push, secures leases from three Japanese firms for 21,000 sq ft of office space in Bengaluru

Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, Nachi, Pioneer, and Komatsu, in Bengaluru, leasing 21,000 sq ft of office space to them, the company said on December 7. Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, […]

Sattva Group partners with Innovalus to set up platform for establishing GCCs in India

Bengaluru-based real estate firm Sattva Group has partnered with Innovalus to set up GCCBase, a platform designed to help multinational companies set up and scale Global Capability Centres (GCCs) across India, the company said in a statement on October 28. GCCBase delivers a unified, end-to-end ecosystem for global enterprises and aims to redefine how global […]

Office leasing in Bengaluru, Delhi-NCR and Mumbai to touch 50 million sq ft in 2025 driven by strong GCC demand

India’s office market stood out in the Asia-Pacific region, defying regional slowdown with strong growth across key cities. Bengaluru, Delhi-NCR, and Mumbai recorded an average 4.3% annual rise in prime office rentals during July–September. Office space leasing across these cities is projected to reach 50 million sq ft in 2025, surpassing the 2024 record of […]

India records 57 mn sq ft of office space absorption between Jan-Sept 2025: Savills India report

India’s office real estate market recorded 56.8 million sq ft of gross absorption across the top six cities between January and September, according to a report by Savills India, a real estate consultancy firm. India’s top six cities saw 56.8 million sq ft of office space absorbed between January and September, says Savills India. (Picture […]