Global Capability Centers (GCCs) are expected to account for nearly 50% of India's office leasing in 2026, according to a recent report by JLL India. This marks a significant increase in demand for office space from GCCs, which are subsidiaries of multinational companies focused on technology and business services, driving a major portion of India's commercial real estate activity this year.
The report highlights that GCCs have been expanding their footprint across major Indian cities such as Bengaluru, Hyderabad, and Pune. This growth is fueled by increasing investments in digital transformation and technology services by global firms. JLL India noted that GCCs' leasing activity has outpaced other sectors, reflecting their strategic importance in the global operations of multinational corporations.
This trend underscores the rising prominence of India as a preferred destination for technology and business process outsourcing. GCCs contribute significantly to employment and innovation, making them key players in the commercial real estate market. The surge in office space demand from GCCs is comparable to previous years but shows a sharper incline, signaling sustained confidence in India's talent pool and infrastructure.
JLL India's report projects that office leasing by GCCs will continue to dominate the market, with nearly half of all new leasing in 2026 attributed to them. This data provides a clear indicator of the sector's growth trajectory and its impact on India's real estate landscape.