Browsing Tag

Global Capability Centres

8 posts
India Defies Global Office Rental Slump, Posts Record Growth in Leasing

India Office Market Sees 7 Straight Quarters of Vacancy Decline

India’s commercial real estate sector continues to gain momentum with vacancy rates falling to a four-year low of 15.7% in Q1 2025. Despite lower new supply, strong leasing activity, especially from GCCs and IT-BPM sectors, kept demand high. Cities like Mumbai, Pune, and Bengaluru led the market, while rising rentals highlight growing competition for premium office spaces.
Office real estate

India’s Office Market Reaches Record Heights in 2024, Surpassing 49 Million Sq. Ft. in Net Absorption

India’s office market reached new heights in 2024, with net absorption surpassing 49 million sq. ft. and gross leasing volumes hitting a record 77.22 million sq. ft. Bengaluru led the growth, posting its best-ever performance, while global companies and flexible workspaces significantly contributed to the surge.
Bengaluru

GCC Policy Impact on Residential Real Estate in Bengaluru

Bengaluru’s residential real estate is experiencing significant growth due to the expansion of Global Capability Centres (GCCs) driven by favorable state policies. As GCCs fuel commercial growth and create high-paying jobs, demand for upscale housing, smart homes, and co-living spaces is on the rise. With infrastructure projects like KWIN city, Bengaluru’s appeal as a prime real estate market continues to grow, making it a key hub for both global businesses and homeowners.
Flex Office spaces

India’s Office Real Estate Market Set to Reach Record 85 Million Sq Ft Leasing in 2024

India’s office real estate market is on track to reach a record 85 million square feet in leasing in 2024, reflecting a strong recovery driven by demand from key sectors such as IT-BPM, BFSI, and Global Capability Centres. The growth signals sustained business confidence and a positive outlook for the commercial real estate sector.
Leasing

Real Estate Demand Soars in India’s BFSI Sector, Projected to Break 2023 Leasing Records in 2024

The BFSI sector in India is experiencing a significant surge in office space demand, projected to surpass its previous leasing record of over 11 million square feet set in 2023. As global players dominate the market and tech hubs like Bengaluru and Mumbai emerge as key locations, the future looks bright for real estate in this rapidly evolving sector.