Overview

• US firms held a 34.2% share of India’s office leasing market from 2022 through Q1 2025 even as their absolute leasing volumes rose 16%.
• Global Capability Centres accounted for more than two-thirds of American firms’ leasing activity, reflecting a shift from outsourcing to strategic operations.
• Bengaluru led US occupier leasing with 35% of activity between 2022 and Q1 2025, followed by Hyderabad, Delhi-NCR, Chennai and Pune.
• Mumbai’s status as a financial hub has attracted US-based BFSI GCCs, while Hyderabad has emerged as a centre for healthcare and pharmaceutical operations.
• Analysts attribute the trend to India’s skilled talent pool, competitive costs and growth-oriented policy environment.