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 Global Capability Centres News & Updates
Surat, April 29 (IANS) Gujarat is set to place South Gujarat at the centre of its next phase of economic expansion as it hosts the Vibrant Gujarat Regional Conference (VGRC) on May 1 and 2 at AURO University in Surat, alongside a parallel focus on global finance through GIFT City and emerging investment opportunities in Global Capability Centres. The conference is expected to bring together policymakers, industry leaders, startups and international stakeholders to examine the role of innovation,…
New Delhi, April 27 (IANS) India’s office market posted a quarterly record of 21.5 million square feet of gross leasing in Q1 2026, driven by demand from Global Capability Centres and flexible workspace operators, a report said on Monday.The report from commercial real estate services firm JLL said gross leasing rose 10.2 per cent year‑on‑year, with GCCs accounting for 45.5 per cent of demand and flex operators accounting for 25.9 per cent in Q1 2026.This growth is being driven by a fundam…
New Delhi, April 18 (IANS) India’s office market remains on a strong footing amid geopolitical tensions, with rising rents and limited new supply reinforcing growth across key cities, according to a report released on Saturday.The report by property consultancy Knight Frank highlighted that rental values continued to firm up across major markets even as new office completions lagged behind demand.Leasing activity stayed robust during the first quarter of 2026, with 18.8 million square feet tra…
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…
Amaravati, April 7 (IANS) Andhra Pradesh State Investment Promotion Board on Tuesday approved 31 projects worth Rs 39,436 crore, with the potential to generate over 1.11 lakh direct jobs. State Investment Promotion Board (SIPB), at its meeting chaired by Chief Minister N. Chandrababu Naidu, gave approval to the projects spanning key sectors including renewable energy, industries, IT, tourism and food processing.Positioning clean energy at the core of Andhra Pradesh’s industrial strategy, the C…
New Delhi, March 26 (IANS) India continues to reinforce its position as the most cost-competitive office fit-out market in Asia Pacific, offering global occupiers a compelling combination of cost efficiency, scale and quality, a new report showed on Thursday.Across India’s major office markets, fi-out costs ranged between $65–73 per square feet, significantly lower than key regional markets such as Tokyo ($215), Sydney ($161) and Singapore ($140), said Cushman & Wakefield’s ‘Asia Pac…
New Delhi, March 14 (IANS) India’s services exports have maintained strong momentum in FY2025-26, supported by sustained global demand for Indian services and over the April-January 2025-26 period, services exports are estimated at $348.4 billion, an official factsheet said on Saturday.India’s services exports share in GDP averaged 9.7 per cent during FY23-FY25, marking a notable rise from 7.4 per cent in the pre-pandemic period, and highlighting the growing role of the services sector in su…
Mumbai, March 12 (IANS) As India’s GCCs evolve from being identified as back offices to becoming innovation hubs, the workforce remains predominantly young, with 93 per cent of employees belonging to Gen Z and millennial cohorts — intensifying the war for talent and reinforcing the importance of strong workplace culture in attracting and retaining future-ready skills, a report showed on Thursday.India continues to strengthen its position as the global hub for Global Capability Centres (GCCs)…
Amaravati, March 4 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Wednesday that the coalition government has restored investors’ confidence in the state and revived the Brand Andhra. Speaking in the Assembly, the Chief Minister said that between 2019 and 2024, the brand AP was severely damaged. According to the RBI report, 913 companies shut downbetween 2019-20 and 2023-24.He claimed that under the present coalition government, Andhra Pradesh has become the destination f…