Nagpur, Maharashtra’s “Orange City,” is transitioning from a regional commercial center to a national technology and logistics hub, driven by major infrastructure investments and a rapidly maturing real estate market. According to JLL’s “Beyond the Metros” report, the city is now positioned as a prime destination for Global Capability Centers (GCCs) looking for cost-efficient, talent-rich Tier-2 locations.
Office Market: GCC Demand Fuels Stable Growth
Nagpur’s office real estate ecosystem is expanding at a sustainable pace, with stock projected to grow 26% by 2027 — from 3.8 million sq. ft in 2024 to 4.8 million sq. ft.
Key GCC Drivers
- 60,000+ technology professionals from premier institutions including IIM, IIIT, IMT, and VNIT
- Stable vacancy rates at ~13%, signaling healthy supply–demand balance
- Competitive rentals (₹60–₹90 per sq. ft) undercutting metro markets and reducing cost of operations
Strategic Focus Areas for GCC Development
Senior JLL leadership highlights that GCCs now see Nagpur as a high-value alternative to crowded technology hubs due to lower attrition, lower rentals, and strong talent availability.
High-Potential Micro-Markets
- South Nagpur: Premium business district, lowest vacancy (10–12%), rentals up to ₹120/sq. ft
- East Nagpur: Largest market with stable demand
- West/North: Emerging, value-driven markets offering lowest cost per sq. ft
MIHAN and Co-Working: The New GCC Magnet
The MIHAN SEZ and airport development is becoming a leading anchor for IT companies and GCCs, with gross leasing expected to accelerate sharply by 2027.
Key Enablers
- Expanding co-working capacity
- Presence of 4–5 established IT players
- Access to air cargo, logistics, and expressway connectivity
Logistics + Industrial Power: GCC Support Infrastructure
Nagpur’s real advantage is its logistics backbone, creating a full ecosystem for capability centers supporting operations, supply chain, and digital transformation.
Conclusion
Nagpur is shifting from an IT-potential city to a credible GCC destination, backed by strong real estate fundamentals, policy support, and logistics superiority. The confluence of talent, affordability, and infrastructure makes it one of India’s top emerging cities for global capability center expansion.
Nagpur is not just a city to watch — it is a GCC market to invest in now.
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