New Delhi, May 8 (IANS) Transactions for large office spaces of 1 lakh square feet and above continued to dominate India’s commercial office market in Q1 2026, with large deals accounting for 65 per cent of total leasing activity across eight leading cities, a report said on Friday.The report from Knight Frank India said the large office space leasing saw year‑on‑year growth of 3 per cent to 19.5 million sq ft from a base of 19 million sq ft in Q1 2025.Bengaluru continued to maintain its l…
Latest GCCs News & Updates
New Delhi, May 6 (IANS) India’s global capability centres (GCCs) are rapidly emerging as the driving force behind artificial intelligence (AI) adoption for global enterprises, transitioning from back-end delivery hubs to strategic nerve centres, a new report said on Wednesday.The data compiled by Nasscom, in collaboration with Zinnov showed that the number of Global Capability Centres (GCCs) in India has grown 32 per cent since FY21, with an estimated 506 of the Forbes Global 2000 companies no…
New Delhi, April 20 (IANS) Indian employees are offered 1.5-times to 2.5-times salary premiums in banking, financial services and insurance (BFSI) GCCs as they are grappling with a 42 per cent skill gap in AI and data roles, a report said on Monday.Replacement hiring showed a huge surge and it accounted for 40 per cent of all recruitment activity in India’s Global Capability Centre ecosystem, the report from workforce solutions firm Quess Corp said.The rise in replacement hiring was driven by …
New Delhi, April 20 (IANS) Despite a slowdown in new completions, office absorption increased by 20 per cent to 21.53 million square feet in Q1 2026 (January-March quarter) compared to the same period last year, highlighting sustained occupier demand amid the West Asia conflict and global macroeconomic challenges, a report showed on Monday.This resilient growth was propelled by India’s attractiveness among global occupiers seeking operational efficiency and scalable growth, according to a Vest…
New Delhi, April 17 (IANS) India is rapidly emerging as a global nerve centre for artificial intelligence (AI) in the retail and consumer packaged goods (CPG) sectors, driven by the growing scale and strategic evolution of Global Capability Centres (GCCs), according to a report.As per the analysis of DS Stream, the nation currently hosts over 1,800 GCCs employing nearly 2 million technology professionals, with more than 70 per cent of these centres actively investing in AI-led capabilities acros…
New Delhi, April 17 (IANS) India’s Global Capability Centre ecosystem posted a 12–14 per cent quarter‑on‑quarter growth in hiring in Q4 FY26, marking a shift from selective optimisation in Q3 to a broader recovery‑led expansion, a report said on Friday.The report from workforce solutions firm Quess Corp noted a huge rise in replacement hiring which now accounted for 40 per cent of all recruitment activity. The rise in replacement hiring was driven by shorter tenure expectations among G…
New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
New Delhi, April 13 (IANS) The office leasing market in India witnessed a 10 per cent year-on-year (YoY) growth to 21.6 million sq ft in the first quarter of 2026, marking the strongest leasing activity in the past five years, according to a report released on Monday.According to the Savills India report, in terms of supply, the activity declined by 28 per cent year-on-year to 7.9 million sq ft, while the overall vacancy rate eased to 13.9 per cent during the same period, supported by steady lea…
New Delhi, April 1 (IANS) The Indian real estate sector recorded the highest first-quarter inflow of institutional investments since 2022, valued at $1.4 billion in January-March 2026, a report showed on Wednesday.Despite registering a quarterly decline of 62 per cent due to an exceptionally high base in the preceding quarter, investments surged by 74 per cent over the same period a year earlier, according to a report by Vestian. This highlights strong investor confidence in India’s real estat…
New Delhi, March 26 (IANS) India’s office real estate market has begun 2026 on a strong note, with leasing activity touching 18.3 million square feet in the January–March quarter, a report said on Thursday.This marks a 15 per cent increase compared to the same period last year, according to a report by Colliers India.The growth was largely driven by major cities like Bengaluru and Hyderabad, which together accounted for nearly half of the total leasing activity at 8.7 million square feet.Oth…