India’s Global Capability Centres (GCCs) are increasingly reshaping the country’s commercial real estate market, with Bengaluru and Hyderabad leading the next phase of office space demand. As multinational companies continue to expand their GCC operations, both cities are attracting significant investment, reinforcing their position as India’s preferred destinations for global business and innovation.
Bengaluru continues to dominate GCC office leasing, supported by its strong technology ecosystem, skilled talent pool and established presence of multinational companies. Hyderabad is rapidly strengthening its position by attracting new GCC investments and commanding premium office rentals as global firms expand their operations in the city.
The expansion of GCCs is driving sustained demand for premium office spaces, encouraging new commercial developments and supporting long-term real estate growth in both cities. Companies continue to favour these locations for their talent availability, modern infrastructure and business-friendly environment, making them central to India’s evolving corporate landscape.
While Mumbai and Delhi-NCR remain important commercial centres, the latest market trends indicate that Bengaluru and Hyderabad are becoming the primary engines of GCC-led office leasing and investment. Industry experts expect continued GCC expansion to strengthen employment generation, commercial development and long-term investment opportunities across both cities.
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