New Delhi, Feb 23 (IANS) India’s GCC office market transition from cost‑cutting centres or back offices to global growth engines marks a watershed moment in the country’s economic history, a report said on Monday.The report from The Hindu said nearly 58 per cent of Global Capability Centres (GCCs) in India are investing heavily in Agentic AI, that can reason and execute complex tasks moving beyond experimentation to enterprise‑scale deployment.Indian GCCs now act as Centres of Excellence f…
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New Delhi, Jan 10 (IANS) India’s Real Estate Investment Trust (REIT) market is poised for significant growth due to under penetration as REITs currently cover only 19 per cent of the country’s listed real estate value, a report said on Saturday.The report from real estate services firm Vestian said market capitalisation is projected to almost double from $18 billion in 2025 to $25 billion by 2030, while REIT‑able office assets to double from Rs 8.2 trillion in 2025 to Rs 16 trillion.The gl…
New Delhi, Dec 29 (IANS) Even while maintaining a stable yet modest growth rate averaging about 6 per cent per annum, India would become a US$26 trillion economy by 2047-48, with a per capita income exceeding $15,000, which is nearly six times the current value, according to an Ernst and Young (EY) report. The report highlights that there are a few key enablers of growth that uniquely strengthen India’s position in the global economy over the next decade and beyond, as it is most likely to ove…
New Delhi, Dec 24 (IANS) India’s Grade A office leasing across the top seven cities reached 71.5 million sq ft in 2025, marking a 6 per cent year-on-year growth, a report said on Wednesday.The report from Colliers said the robust leasing was driven by strong occupier demand, strong economic growth, expanding Global Capability Centers and a preference for high‑quality assets.Bengaluru led the office market with 22.1 million sq ft of leasing, nearly one‑third of pan‑India demand, while Del…
New Delhi, Dec 22 (IANS) About 62 per cent of global capability centre (GCC) bases operating within flex spaces in India are located in green-certified centres, while an even higher 85 per cent function from grade-A buildings, a new report showed on Monday.Across the top seven cities, 42 per cent of flex centres are green-certified, and 69 per cent are located in premium grade-A buildings, said the report by Vestian.According to Vestian Research, India currently hosts over 1,750 GCC companies wi…