Leasing of office space for Global Capability Centres (GCCs) in India rose 24% in FY 2025, reaching 31.8 million sq ft across seven major cities, according to Vestian.

Bengaluru led with GCCs accounting for 65% of the city’s total office absorption, up from 55% last year, reaffirming its status as India’s top GCC hub. The IT-ITeS sector dominated with a 46% share, though down from 53%, while BFSI’s share surged to 22%. Fortune 500 companies leased 13.5 million sq ft, contributing 47% to GCC leasing. Cities like Pune, Chennai, Mumbai, Hyderabad, and NCR also witnessed robust GCC activity, with increasing demand from sectors like healthcare, life sciences, and consulting. Mumbai’s GCC share rose to 26%, while Hyderabad recorded 46%. The growing preference for Grade A, managed workspaces was highlighted by Table Space, reflecting sustained demand from global firms. GCCs now contribute over 40% of India’s office market absorption.