New Delhi, Feb 3 (IANS) India is poised to host over 2,400 GCCs by 2030 employing over 2.8 million professionals, and the country’s GCC market could reach a size of $105 – 110 billion by growing at a compound annual growth rate of 10 per cent, a report said on Tuesday.The report from FICCI and ANAROCK said India’s office market posted all‑time high leasing across the top seven cities in 2025, driven largely by Global Capability Centres that now account for more than 40 per cent of gross le…
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New Delhi, Jan 19 (IANS) Global Capability Centres (GCCs) emerged as the primary growth driver of India’s office market in 2025, accounting for 45 per cent of the total pan-India absorption, up from 41 per cent in 2024, a report showed on Monday.In absolute terms, GCC-led absorption reached 34.9 million square feet, registering a 20 per cent year-on-year increase, said the Vestian report.The report further stated that strong demand from GCCs, supported by a favourable policy environment and re…
New Delhi, Dec 24 (IANS) Net office absorption across India’s top seven cities touched a record high of around 55.16 million square feet in 2025, despite headwinds including IT layoffs and tariff tensions, a report said on Wednesday.The report from real estate services firm Anarock showed a 10 per cent year‑on‑year rise from roughly 49.95 million sq ft in 2024.Bengaluru led office leasing with about 14.15 million sq ft but saw a 5 per cent annual decline in net leasing, while Pune posted t…
New Delhi, Dec 24 (IANS) Residential demand in India’s top seven cities is expected to ease 2–4 per cent this fiscal due to a high base effect but premiumisation will continue, a report said on Wednesday.The report from Crisil Intelligence said that commercial real estate demand is projected to expand this fiscal with demand rising 5–7 per cent and supply increasing 9–11 per cent, fuelled by leasing from global capability centres, flexible workspace operators and the IT/ITeS and BFSI sec…