Global Companies Lease Record Office Space in India, GCCs Drive Growth

• Global Capability Centres (GCCs) leased a record 31.3 million sq ft in India in 2025, indicating a structural shift in multinational operating models.
• Over 200 new GCCs entered India in the last two years, bringing the total operational footprint to over 263 million sq ft, projected to exceed 350 million sq ft.
• GCCs account for nearly 40% of India's total office leasing over the last decade, with US firms driving 70% of demand between 2018-2025.
• Bengaluru leads with 34-39% market share, followed by Hyderabad (20-23%) and Pune (15-20%), while Tier II cities offer cost advantages and talent diversification.
• ER&D, BFSI, and healthcare are emerging as key leasing segments, reflecting a broadening of India's value proposition beyond traditional tech.