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GCC policy

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India’s office real estate market scaled new heights in 2025 with net leasing touching 55.16 million sq ft across the top seven cities. GCCs emerged as the biggest growth driver, while Pune recorded the fastest expansion and office rentals continued to rise.

Maharashtra’s New GCC Push Set to Energise Office Leasing Beyond Mumbai & Pune

Maharashtra’s newly approved GCC policy targets the next wave of leasing expansion — redirecting global enterprises from Mumbai and Pune to emerging cities. With capital subsidies, added FSI, tax incentives and fast approvals, the state aims to lift GCC leasing from 15 to 25 million sq ft in five years while opening new opportunities in sectors like defense, aerospace and renewable energy.