India’s office sector is on fire in 2025, propelled by Global Capability Centers that now command 45% of leasing volume, a leap from 2024’s 41%. Total activity soared to 78.2 million square feet, the highest ever recorded.
GCCs alone absorbed 34.9 million square feet—a crisp 20% gain year-over-year—thanks to robust demand, pro-business regulations, and U.S. visa curbs redirecting talent flows. Even as worldwide uncertainties loom, India’s market grew 11% in demand.
The IT-ITeS powerhouse retains 38% dominance, while BFSI and flex operators each claim 14%, indicating healthy diversification. Half-plus of IT lessees were GCCs, delivering 60% of the segment’s leased value.
Geographically, Bengaluru’s 32% GCC share outpaces Hyderabad’s 19%. Momentum suggests 85-90 million square feet by late 2026, with GCCs at the forefront.
This phenomenon cements India’s status as the world’s back-office beacon, fostering innovation clusters, employment booms, and real estate investments that ripple through the economy.