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2mo ago

Global Capability Centres Propel 24% Rise in India’s Office Leasing in FY25

Favourable policies underpin a surge in large leases that cement Bengaluru’s dominance in the expanding GCC landscape.

Office space | Image: Pexels
Office leasing across top 8 cities hits 48.9 mn sq ft in H1 2025; Bengaluru sees record absorption at 18.2 mn sq ft, says a Knight Frank India report. (Photo for representational purposes only)
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Leasing of office space for Global Capability Centres (GCCs) rose by 24% in FY 2025, reaching 31.8 million sq ft across seven major Indian cities, (Photo for representational purposes only)

Overview

  • GCC leasing climbed 24% to 31.8 million sq ft in FY25, capturing 42% of India’s total office space absorption.
  • Transactions above 100,000 sq ft jumped 44% to 22.8 million sq ft even as overall GCC deal count fell 4% to 305.
  • Bengaluru led all markets with 12.43 million sq ft of GCC leases, representing 65% of the city’s office uptake.
  • Fortune 500 firms accounted for 47% of GCC leasing at 13.5 million sq ft, a 25% increase year-on-year.
  • The IT-ITeS sector’s share dipped to 46% while BFSI grew to 22%, underscoring broader sector diversification.