Global Firms Lease 101 Million Sq Ft for GCCs in India Over 5 Years

Global firms have rented 101 million square feet of office space in India over the last five years for their Global Capability Centres (GCCs), according to Colliers. US companies led this expansion, occupying 71 million sq ft. This momentum is set to continue as European and UK enterprises also increase their footprint, cementing India's role as a key hub for global capabilities.

Over the past five years, global corporations have significantly expanded their presence in India, leasing a total of 101 million square feet of office space for their Global Capability Centres (GCCs). This massive real estate activity highlights India's growing importance as a strategic hub for multinational operations. US companies have been a primary driver of this growth, alone accounting for approximately 71 million square feet of the leased space, underscoring their substantial investment in India's talent and infrastructure. The trend of establishing and expanding GCCs in India is not expected to wane. Experts anticipate continued robust growth, with European and UK enterprises increasingly looking to establish or enlarge their operational footprint in the country. This ongoing expansion is fueled by India's competitive advantages, including its vast pool of skilled professionals, lower operational costs, and a thriving ecosystem for technology and business services. The sustained demand for large office spaces by global firms reiterates India's pivotal role in supporting worldwide business capabilities and innovation.