India has moved beyond its role as the world’s back office and is emerging as a global operating centre, with Global Capability Centres (GCCs) driving this transformation. According to the FICCI–ANAROCK “Workplaces 2025” report, GCCs are now the single largest force reshaping India’s office market.
In 2025, GCCs accounted for nearly 40% of total office leasing across India’s top seven cities, absorbing over 32 million sq ft of space. Bengaluru led decisively, capturing more than one-third of total GCC leasing nationwide.
Despite global economic uncertainty, India’s office market set records, with gross leasing crossing 80.5 million sq ft and net absorption reaching 58.2 million sq ft, a 17% year-on-year increase. This growth reflects a structural shift as GCCs evolve into global centres for engineering, AI, cybersecurity, product development, and enterprise decision-making.
Bengaluru ended 2025 with 215 million sq ft of Grade A office stock, added 13.5 million sq ft of new supply, and recorded over 12 million sq ft of GCC leasing. The city now hosts more than 875 GCCs, accounting for around 29% of India’s total GCC footprint.
While cities such as Pune, Chennai, Hyderabad, NCR, and Mumbai continue to grow, Bengaluru’s scale, talent depth, and mature ecosystem have established it as the undisputed global hub for GCCs. The report confirms this is a long-term structural shift, positioning India—and Bengaluru in particular—at the centre of global enterprise operations.
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