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Urbana","movilidad-urbana",{"code":23},{"id":1447,"status":1448,"segmentId":25,"slug":1449,"title":1450,"editorsPick":1451,"topImage":1452,"coverImage":1453,"slideImage":8,"publishDate":1454,"readTime":115,"maxRelatedEvents":5,"image":8,"imageCredit":1455,"imageCreditColor":1456,"breakNewsUntil":1457,"seoTagConversionId":8,"seoTag":8,"seoTitle":8,"seoKeywords":8,"seoDescription":8,"seoAbstract":8,"seoImage":8,"visitCounter":1458,"createdAt":1459,"updatedAt":1460,"translations":1461,"segment":1473,"categories":1481,"countries":1506,"authors":1509,"urls":1514},2671,"TRUE","market-radar-india-gccs-drive-record-office-demand","Market Radar India: GCCs drive record office demand",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002F1859x559_px_Top_[2]_2025_9_30_16_30_08_1759260608.webp","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002F1920x1080_px_Cover_[2]_2025_9_30_16_30_08_1759260608.webp","2025-09-30T00:00:00.000Z","Adobe Stock","#555555","2025-10-04T00:00:00.000Z",813,"2025-09-30T16:30:08.000Z","2025-11-10T12:43:30.000Z",[1462],{"id":1463,"newsId":1447,"languageId":47,"title":1464,"subtitle":1465,"content":1466,"summary":978,"takeaways":978,"seoTagConversionId":978,"seoTag":978,"seoTitle":1450,"seoKeywords":1467,"seoDescription":1468,"seoAbstract":978,"seoImage":1469,"createdAt":1470,"updatedAt":1471,"language":1472},2824,"Market Radar India: GCCs fuel record demand as global capital returns","A deep dive into the GCC-driven office boom, rebounding APAC investment, and the forces shaping India's major real estate markets.","\u003Cp dir=\"ltr\">Global capital is flowing back into \u003Ca href=\"https:\u002F\u002Fwww.cushmanwakefield.com\u002Fen\u002Finsights\u002Fa-new-wave-of-capital-formation-in-apac-cre\" target=\"_blank\">Asia-Pacific's real estate markets\u003C\u002Fa>, but in India, a powerful domestic engine is firing on all cylinders. Global Capability Centres (GCCs) are driving \u003Ca href=\"https:\u002F\u002Fwww.fortuneindia.com\u002Famp\u002Fstory\u002Fbusiness-news\u002Fdespite-trade-frictions-gccs-drive-8-growth-in-office-space-demand-to-51-msf-in-9m-2025-bengaluru-on-top\u002F127042\" target=\"_blank\">record office demand\u003C\u002Fa>, leasing nearly 20 million sqft this year as major firms like \u003Ca href=\"https:\u002F\u002Fwww.bloomberg.com\u002Fnews\u002Farticles\u002F2025-09-25\u002Fcitigroup-moves-almost-1-000-tech-jobs-to-india-after-china-cuts\" target=\"_blank\">Citigroup \u003C\u002Fa>and \u003Ca href=\"https:\u002F\u002Fwww.reuters.com\u002Fbusiness\u002Fautos-transportation\u002Faccenture-proposes-new-campus-indias-andhra-pradesh-eyes-adding-12000-jobs-2025-09-23\u002F\" target=\"_blank\">Accenture\u003C\u002Fa> expand their Indian footprint, cementing the nation's place at the heart of global business transformation.\u003C\u002Fp>\r\n\r\n\u003Ch3 dir=\"ltr\">The Macro View\u003C\u002Fh3>\r\n\r\n\u003Cp dir=\"ltr\">The Indian economy remains on a solid footing, with GDP growth at 7.4% and CPI inflation easing to 2.8%. This stability provides an encouraging backdrop for investment, which is showing clear signs of a turning point throughout the region.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\nAfter two years of decline, \u003Ca href=\"https:\u002F\u002Fwww.cushmanwakefield.com\u002Fen\u002Finsights\u002Fa-new-wave-of-capital-formation-in-apac-cre\" target=\"_blank\">fundraising for Asia-Pacific commercial real estate has reaccelerated\u003C\u002Fa>, with the average fund size hitting its highest level since 2008. Cross-border activity has surged, with USD 40 billion flowing into APAC in the last 12 months, primarily from North America. Alongside Australia and Japan, India stands out as a favoured market for this returning capital.\u003C\u002Fp>\r\n\r\n\u003Ch3 dir=\"ltr\">The Unstoppable GCC Engine\u003C\u002Fh3>\r\n\r\n\u003Cp dir=\"ltr\">The most significant trend shaping India's market is the \u003Ca href=\"https:\u002F\u002Fwww.fortuneindia.com\u002Famp\u002Fstory\u002Fbusiness-news\u002Fdespite-trade-frictions-gccs-drive-8-growth-in-office-space-demand-to-51-msf-in-9m-2025-bengaluru-on-top\u002F127042\" target=\"_blank\">phenomenal growth of GCCs\u003C\u002Fa>. GCCs have leased nearly 20 million sqft in the first nine months of 2025, accounting for approximately 40% of the country's overall office space demand. This has fuelled an 8% year-on-year growth in office space uptake across the top seven cities.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\nMajor global firms are expanding their Indian presence. \u003Ca href=\"https:\u002F\u002Fwww.bloomberg.com\u002Fnews\u002Farticles\u002F2025-09-25\u002Fcitigroup-moves-almost-1-000-tech-jobs-to-india-after-china-cuts\" target=\"_blank\">Citigroup\u003C\u002Fa> has moved close to 1,000 tech jobs to its Indian support centres from China. Meanwhile, \u003Ca href=\"https:\u002F\u002Fwww.reuters.com\u002Fbusiness\u002Fautos-transportation\u002Faccenture-proposes-new-campus-indias-andhra-pradesh-eyes-adding-12000-jobs-2025-09-23\u002F\" target=\"_blank\">Accenture\u003C\u002Fa> has proposed a new campus in Andhra Pradesh, aiming to eventually add about 12,000 jobs.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\nThis expansion into Tier-2 cities like Visakhapatnam is a growing trend, as firms tap into lower costs and local talent. The shift is also being accelerated by US H-1B visa policy changes, which make scaling within Indian tech hubs more attractive.\u003C\u002Fp>\r\n\r\n\u003Ch3 dir=\"ltr\">Sector Spotlight: Key Cities\u003C\u002Fh3>\r\n\r\n\u003Cp dir=\"ltr\">Latest data from the first half of 2025 shows how this demand is playing out across India's major office markets.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\n\u003Ca href=\"https:\u002F\u002Fwww.cushmanwakefield.com\u002Fen\u002Findia\u002Finsights\u002Fbengaluru-marketbeat\" target=\"_blank\">Bangalore\u003C\u002Fa>: The nation's undisputed leader, Bangalore recorded nearly 5 million sqft of gross leasing in Q2 alone. GCCs are the primary driver, accounting for 40% of all leasing in the first half of the year. Strong demand has pushed the city-wide vacancy rate down to a tight 9.3%.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\n\u003Ca href=\"https:\u002F\u002Fwww.cushmanwakefield.com\u002Fen\u002Findia\u002Finsights\u002Fmumbai-marketbeat\" target=\"_blank\">Mumbai\u003C\u002Fa>: The city saw strong leasing of approximately 4 million sqft in Q2, propelled by flexible workspaces and the BFSI sector. This resulted in the highest Q2 net absorption ever recorded in the city, causing vacancy to fall despite a surge in new supply.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\n\u003Ca href=\"https:\u002F\u002Fwww.msn.com\u002Fen-in\u002Fnews\u002FIndia\u002Fdelhi-office-real-estate-to-add-5-million-square-feet-supply-in-two-years-says-cbre-cii\u002Far-AA1MzscX?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1\" target=\"_blank\">Delhi-NCR\u003C\u002Fa>: The capital is poised for significant future growth, with a massive 5 million sqft of new office space expected to be added over the next two years.\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\n\u003Ca href=\"https:\u002F\u002Fwww.cushmanwakefield.com\u002Fen\u002Findia\u002Finsights\u002Fahmedabad-marketbeat\" target=\"_blank\">Ahmedabad\u003C\u002Fa>: Activity is heavily concentrated in GIFT City, which accounted for nearly 70% of the city's leasing in Q2. IT-BPM and BFSI firms are leasing space to capitalise on government incentives in the financial hub.\u003C\u002Fp>\r\n\r\n\u003Chr \u002F> \r\n\u003Cp dir=\"ltr\">Amid the significant capital inflows and new market realities shaping Indian real estate, the conversation now turns to strategy. Explore the future of commercial real estate, family capital, and digital infrastructure with the industry's top leaders at the \u003Ca href=\"https:\u002F\u002Fwww.griinstitute.org\u002Frealestate\u002Fevent\u002Findia-gri-2025_4798?utm_source=email&utm_medium=newsletter&utm_campaign=in25-market-radar-article-m9w4&utm_id=in25-market-radar-article-m9w4\" target=\"_blank\">India GRI 2025\u003C\u002Fa> summit on October 9th in Mumbai.\u003C\u002Fp>\r\n","gri institute, real estate, gcc india, india office market, commercial real estate, cre investment, apac real estate, bangalore office space, mumbai office market, accenture india, citigroup india, capital raising, bangalore, delhi, ahmedabad","This week’s Market Radar India explores how the country’s massive GCC expansion is fuelling record office demand. We analyse rebounding global investment and the performance of key cities like Bangalore, Delhi, Ahmedabad, and Mumbai.","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FMR_500x500_px_Social_[2]_2025_9_30_16_32_40_1759260760.jpg","2025-09-30T16:30:11.000Z","2025-11-10T12:43:37.000Z",{"code":13},{"id":25,"color":27,"translations":1474},[1475,1477,1479],{"title":26,"slug":30,"language":1476},{"code":13},{"title":37,"slug":38,"language":1478},{"code":18},{"title":33,"slug":34,"language":1480},{"code":23},[1482,1490,1498],{"id":25,"label":1275,"translations":1483},[1484,1486,1488],{"label":1275,"slug":1286,"language":1485},{"code":13},{"label":1289,"slug":1290,"language":1487},{"code":18},{"label":1293,"slug":1294,"language":1489},{"code":23},{"id":81,"label":1359,"translations":1491},[1492,1494,1496],{"label":1359,"slug":1370,"language":1493},{"code":13},{"label":1373,"slug":1374,"language":1495},{"code":18},{"label":1377,"slug":1378,"language":1497},{"code":23},{"id":136,"label":1051,"translations":1499},[1500,1502,1504],{"label":1051,"slug":1062,"language":1501},{"code":13},{"label":1065,"slug":1066,"language":1503},{"code":18},{"label":1069,"slug":1070,"language":1505},{"code":23},[1507],{"name":426,"enName":426,"ptName":426,"iso2":1508},"IN",[1510],{"name":1511,"slug":1512,"image":1513,"order":115},"Jorge Aguinaga","jorge-aguinaga","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews_author\u002FFoto_Jorge_Aguinaga_2025_11_04_10_50_46_1762264246.jpg",{"en":1515},"\u002Freal-estate\u002Fmarket-radar-india-gccs-drive-record-office-demand",[1517,1518,1519,1520,1521,1522],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]