Data Centres, GCCs Fuel India's Next Real Estate Boom: CBRE, Equirus

• India's real estate market is entering a new growth phase, with data centres and Global Capability Centres (GCCs) identified as key long-term drivers by CBRE and Equirus.
• Data centres, currently a small market, are poised for significant growth with billions in investment expected over 4-7 years, concentrated in metros like Mumbai and Chennai.
• GCCs are the biggest structural driver of office demand, with multinational expansion and new captive centres ensuring strong absorption, even with a long runway for offshoring.
• 2025 is a record year for real estate investments ($14 billion expected), with offices accounting for 30% and robust leasing activity of 84 million sq ft.
• While luxury housing shows signs of slowdown, other sectors like hotels and healthcare are emerging, and REITs/IPOs are expected to boost market activity in 2026.

Why It Matters: Data centres and GCCs are set to drive India's real estate growth, attracting billions in investment and sustaining office demand.