Global Capability Centres (GCCs) are transforming India’s office leasing market in FY25, accounting for a remarkable 42% of all leased office space, as per Vestian’s latest report. But this surge isn’t just about cost savings—India is now seen as a strategic hub for talent, innovation, and future-ready infrastructure.
GCCs leased nearly 32 million square feet of space in FY25—a 24% increase over last year. Notably, Fortune 500 companies claimed nearly half of this footprint, reflecting the confidence global businesses have in India’s capabilities.
Delhi-NCR is leading this charge, with over 28% of its total leasing attributed to GCCs. In fact, Fortune 500 companies grabbed 50% of that share—up from 40% in FY24—thanks to robust infrastructure, large talent pools, and accessible transit. Gurugram, Noida, and Faridabad are especially hot markets, with a growing demand for Grade A office buildings that offer top-notch design, amenities, and scalability.
Industry leaders echo this trend:
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Shantanu Gambhir of RISE Infraventures says Delhi-NCR remains strong, with Dwarka Expressway becoming a prime corridor for global firms.
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Sanchit Bhutani of Group 108 highlights the Noida-Greater Noida Expressway as a major magnet for GCCs and Fortune 500 firms, boosted by premium office spaces and the upcoming airport.
Though IT and ITeS sectors still dominate, others like banking, healthcare, and R&D are gaining momentum, signalling a diversification of India’s commercial real estate market.
As India cements its role in global business strategies, the demand for sustainable, scalable, and sophisticated office spaces will only intensify. For India’s office leasing sector, the outlook is strong—and the country is well-prepared to meet global demand.
