India’s commercial real estate sector is booming as office leasing reached a staggering 82.6 million square feet in 2025, marking a historic high. This surge in office space demand is largely fueled by Global Capability Centers (GCCs), which are driving significant growth in key markets.
GCCs, the offshore hubs of multinational corporations, have become a powerhouse in India’s office leasing landscape. Cities like Bengaluru, Hyderabad, Mumbai, and Pune are witnessing unprecedented absorption rates, with GCCs accounting for over 40% of total leasing activity. This trend underscores India’s emergence as a global outsourcing and innovation hub.
Experts attribute this record-breaking performance to favorable government policies, robust economic growth, and the expansion of tech and financial services sectors. Flexible workspaces and premium Grade-A office spaces are in high demand, pushing vacancy rates down and rental values up in prime business districts.
Looking ahead, projections indicate sustained momentum in 2026, with GCC expansion and new supply in emerging Tier-2 cities further boosting the office leasing market. Investors and developers are optimistic about India’s position as a top destination for commercial real estate investment.