India’s commercial real estate sector is expected to witness stronger office demand as global capability centres (GCCs) expand operations amid evolving international trade alignments. Industry experts say ongoing efforts to simplify tariffs and improve trade facilitation could accelerate foreign investments and corporate expansions in India.
According to recent industry assessments, GCCs have emerged as one of the most influential occupier segments in India’s office market, accounting for a significant share of leasing activity across major cities such as Bengaluru, Hyderabad, and Pune.
Growing Role of Global Capability Centres
Global Capability Centres—set up by multinational companies to manage technology, analytics, engineering, and back-office operations—have increasingly transitioned into innovation and research hubs. This shift has significantly strengthened demand for premium office space in India’s top commercial markets.
Since 2020, GCCs have leased a substantial portion of India’s office space, demonstrating the sector’s strong contribution to commercial real estate growth.
Key GCC Leasing Data
| Metric | Value |
|---|---|
| Total office demand in India since 2020 | 310 million sq ft |
| Office space leased by GCCs | 117 million sq ft |
| Share of total office demand | 38% |
| GCC absorption growth | 16 million sq ft (2020) → 30 million sq ft (2025) |
Source: Colliers industry data.
Trade Agreements Supporting Expansion
India is currently pursuing trade facilitation measures and bilateral engagements with global partners such as the United States, the European Union, and the United Kingdom. These initiatives are expected to broaden opportunities for multinational corporations operating in India and support the expansion of GCCs.
As global trade frictions ease and international partnerships strengthen, multinational firms may increasingly choose India as a strategic hub for technology, analytics, and engineering operations.
Impact on Industrial and Logistics Real Estate
The GCC expansion is also expected to complement growth in other real estate segments:
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Industrial and warehousing: Export-led manufacturing and supply-chain localization may drive demand for logistics parks.
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Office space: Higher leasing activity in Grade-A commercial developments.
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Digital infrastructure: Rising demand for data centres and cloud-based operations.
Industry experts believe this synchronized growth across office, industrial, and digital infrastructure segments could support a sustained upcycle in India’s commercial real estate market.
Outlook for India’s Office Market
Forecasts indicate that GCCs could account for 40–50% of office space demand in the coming years, as global companies continue expanding their technology and research operations in India.
With strong macroeconomic indicators and ongoing policy support, the country’s office real estate sector is expected to maintain steady growth across key metropolitan markets.
