Blitz Bureau
NEW DELHI: Global Capability Centres (GCCs) are set to drive nearly half of India’s office space demand over the next two years, reinforcing the country’s position as a leading global innovation hub, a report said on July 24.
A report by Colliers showed that GCCs are expected to account for 45-50 per cent of India’s Grade A office leasing demand in 2026 and 2027, with annual leasing projected at 35-40 million square feet.
Since 2021, GCCs have leased about 118 million square feet of Grade A office space across the country’s top seven cities, accounting for 37 per cent of the overall office demand, it said.
In the first half of 2026 alone, GCCs leased 16.6 million square feet, contributing 46 per cent of the total Grade A office space absorption.
According to the report, GCCs in India have evolved beyond traditional back-office operations into strategic hubs for artificial intelligence (AI), engineering, analytics, research and development (R&D) and digital transformation.
“India has firmly established itself at the epicentre of GCC-led innovation, combining talent superiority, cost arbitrage and technological prowess with policy support and a favourable business environment,” said Arpit Mehrotra, Managing Director, Office Services, Colliers India.
He added that multinational corporations are expected to continue expanding their capability centres in India, with AI-led innovation likely to remain a key driver of office demand.
In terms of sector, technology remained the largest contributor to GCC leasing, accounting for 39 per cent of cumulative demand since 2021.
