Global Capability Centres (GCCs) continue to shape India’s commercial real estate story, with Hyderabad standing tall among the top leasing destinations in Q1 2025. Despite a slight dip compared to the previous year, Hyderabad maintained its position as a key player in India’s GCC expansion narrative, alongside Bengaluru and Chennai. According to ANAROCK Research, the demand from both established players and new entrants affirms Hyderabad’s strategic appeal as a talent-rich, tech-friendly city
- GCC Leasing Soars Across India:
- In Q1 2025, GCCs leased 8.35 million sq. ft. across India’s top 7 cities—a 72% increase from Q1 2024
- Hyderabad’s Leasing Performance:
- Q1 2025: 0.82 million sq. ft
- Q1 2024: 1.22 million sq. ft
- Despite the decline, Hyderabad remains among the top 4 GCC leasing destinations, behind Bengaluru (3.3 mn sq. ft.), Delhi-NCR (1.91 mn), and Chennai (1.22 mn)
- Southern Metros Dominate:
- Hyderabad, Bengaluru, and Chennai collectively accounted for a major share of total GCC leasing activity, reinforcing the south's dominance in India’s tech-driven workforce economy
- GCCs Drive Office Space Demand:
- Of the 19.47 million sq. ft. of gross office leasing across top cities in Q1 2025, GCCs alone accounted for 43% — underscoring their central role in the commercial real estate ecosystem
- Sectoral & Geographic Insights:
- IT/ITeS: 35% of GCC space
- BFSI: 22%
- Hyderabad continues to attract strong interest from US-headquartered GCCs, who contributed 65% of leasing demand in 2024
- Future Growth Forecast:
- 2025 Projections: Over 1,900 GCCs, employing up to 1.9 million professionals
- 2030 Outlook: Between 2,200 and 2,300 GCCs, market size of USD 100–110 billion, up to 2.8 million professionals
- Hyderabad is expected to remain a core hub in this trajectory, supported by its infrastructure, talent pool, and business-friendly ecosystem
Conclusion
Hyderabad’s continued presence among the top GCC leasing cities in Q1 2025 highlights its strategic importance in India’s global services ecosystem. Even with a modest year-on-year dip, the city’s real estate traction remains strong, fueled by a robust talent pipeline and increasing sectoral diversity. As India’s GCC market evolves, Hyderabad is well-positioned to be at the forefront of this growth
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