US Firms Drive 70% of India's GCC Growth; Record 31 Million Sq Ft Leased in 2025

• US-headquartered companies fueled 70% of India's Global Capability Centre (GCC) expansion between 2018 and 2025.
• GCC leasing hit a record 31 million sq ft in 2025, contributing to the broader office market's best-ever performance of 83.3 million sq ft.
• Over 90% of GCC activity is concentrated in Tier I cities, with Bengaluru leading (34-39% share) and Hyderabad following (20-23%).
• More than 200 new GCCs entered India in the last two years, with total footprint projected to exceed 350 million sq ft.
• Tier II cities like Ahmedabad and Kochi are emerging as attractive alternatives, offering cost savings and untapped talent pools.