The winds of change are blowing through India’s commercial property landscape, courtesy of Global Capability Centers (GCCs). A pivotal report forecasts these centers capturing up to 50% of office demand in seven major cities, spearheaded by American enterprises hungry for India’s innovation ecosystem.
Post-2020 trends show US firms owning 70% of GCC activity, versus 8-10% for European counterparts. Annual Grade A space needs from GCCs may climb to 35-40 million sq ft, or 40-50% of aggregate demand, propelled by trade deals in tech, finance, engineering, and consulting.
Arpit Mehrotra of Colliers India foresees diversification: ‘US tech GCCs hold firm, but EU/UK firms eye expansion in BFSI, manufacturing, and advisory roles.’
From 2020’s 16 million sq ft, GCC leasing has ballooned to 30 million by 2025, totaling 117 million sq ft or 38% of 310 million overall—a testament to accelerating momentum.
Vimal Nader, Colliers’ National Director, underscores: ‘Amid waning trade strife and bilateral boosts, GCCs sustain and diversify office occupiers.’ Talent abundance and fiscal edges will cement India’s GCC allure, driving long-term office sector vitality.