Blitz Bureau
NEW DELHI: Global capability centres (GCCs) leasing in India reached a record 9.1 million square feet in the January-March period this year — the highest quarterly GCC absorption on record, a report showed on April 6. This comes against the backdrop of the country’s overall office sector registering a gross absorption of 20.7 million sq ft — the highest level recorded for any quarter, according to the report by CBRE South Asia Pvt Ltd.
As compared to 19.7 million sq ft in Q1 2025, overall leasing was up 5 per cent this year, underscoring the structural resilience of the office sector as occupiers’ appetite continues to hold steady. “The record GCC leasing activity is a definitive signal of India’s position as the global destination of choice for high-complexity capability functions,” said Anshuman Magazine, Chairman and CEO–India, South-East Asia, Middle East and Africa, CBRE.
It is significant that this demand is not concentrated in a single sector but spans across sectors, including e-commerce, technology, and BFSI, and is increasingly being driven by mid-market and nano GCCs, alongside established Fortune 500 occupiers, he mentioned.
The GCC ecosystem in India is being democratised by the rise of mid-market and nano GCCs, signalling a shift towards more diverse operating models.
Mid-market GCCs are evolving into high-maturity transformation hubs, taking end-to-end ownership of global products and high-value services within domains such as FinTech, SaaS and digital engineering.
