India Becomes Global Companies' Second Home: GCCs Drive Record Office Leasing & Economic Growth

• India's Global Capability Centres (GCCs) are transforming the country's employment, real estate, and capital flows, with projections of over 2,400 GCCs and 2.8 million professionals by 2030.
• GCCs accounted for over 40% of India's record 80.5 million sq ft office leasing in 2025, shifting demand from traditional IT services to multinational captives in high-value functions.
• Bengaluru leads GCC leasing, while Tier-2 cities like Jaipur, Indore, Kochi, Coimbatore, and Surat are emerging as new hubs due to lower costs and improving infrastructure.
• GIFT City is attracting significant interest from GCCs, expanding its focus beyond financial services to include global capability and innovation centers, often linked to Gujarat's manufacturing ecosystem.
• The Union Budget 2026, urban infrastructure development, and tax stability for REITs further bolster India's appeal, positioning GCCs as a high-quality employment multiplier and strategic infrastructure.