Over the past two years, more than 200 new global capability centers (GCCs) have established a presence in India, with projections suggesting that the total GCC space will exceed 350 million square feet in the next 3-4 years, as per a recent report. In 2025, India witnessed a record GCC leasing activity of 31 million square feet, showcasing the development of specialized metropolitan hubs with unique competitive advantages in key industry sectors, according to a JLL report.
Bengaluru leads the way with a 34-39% market share, hosting over 900 GCC units, while Hyderabad follows closely with a 20-23% market share, particularly excelling in the healthcare-biotech domain. The Chief Economist and Head of Research at JLL, Dr. Samantak Das, highlighted that the majority of GCC activity is concentrated in tier 1 cities, accounting for more than 263 million square feet of Grade A office space across the top seven cities and contributing significantly to office leasing activities over the last decade.
The surge in GCC presence is largely attributed to US-based companies, which have accounted for 70% of the GCC demand between 2018 and 2025, emphasizing India’s strategic significance for American businesses. Pune has captured 15-20% of the national GCC activity in recent years, attracting multinational corporations with its high quality of life standards, skilled workforce, and strategic sector positioning. Similarly, Chennai has emerged as a key manufacturing and automotive hub in India, witnessing consistent demand growth since 2023.
Delhi NCR has transformed into a hub for corporate services, leveraging its diverse economic landscape and robust growth trajectory. While cities like Bengaluru, Hyderabad, and Pune have traditionally dominated the GCC landscape, there is a notable shift towards exploring the potential of India’s Tier II cities by global enterprises. The report underscores the rapid evolution of secondary cities like Ahmedabad, Kolkata, and Jaipur into thriving business centers, driven by favorable business conditions and emerging opportunities.
