Foreign Firms Drive Office Space Growth and GCC Expansion Across Major Indian Cities

In the past five years, foreign firms, especially US-based, have leased 101 million sq ft of office space in India’s major cities to establish Global Capability Centres (GCCs), driving significant growth in the office market. Bengaluru, Mumbai, and Delhi-NCR lead in new Grade-A office supply, supported by tech giants like Google and Amazon expanding their footprints. The flexible workspace sector is also growing, with multi-city deals from diverse industries. GCCs have evolved into innovation hubs, boosting demand for skilled talent and data centre infrastructure across India.