India’s global capability centre (GCC) real estate market is showing a clear divide across cities, with each major hub playing a distinct role in enterprise expansion. A new report by a property consultancy titled Global Capability Centres Enabling India’s Strategic Advantage highlights Bengaluru as the leader for talent and technology, while Mumbai leads office leasing for BFSI focused global centres.
The report links Mumbai’s strong BFSI performance to its deep and layered financial services ecosystem that supports primary, secondary, and tertiary functions. This positions the city as a natural base for BFSI GCCs. At the same time, Bengaluru continues to stand out as India’s main talent powerhouse.
Bengaluru remains the top city for overall GCC office absorption. Between 2020 and 2024, it recorded 42.8 million sq. ft. of GCC leasing, accounting for 38 percent of the national total. Along with Hyderabad and Pune, Bengaluru contributes nearly 70 percent of India’s total GCC absorption. This growth is driven by a strong technology ecosystem and an annual supply of more than 2.2 million STEM graduates.
The report also notes that Bengaluru accounts for 77 percent of IT BPM GCC leasing among the top 3 cities. This reinforces its strength in digital, software, and technology driven operations. In contrast, engineering and manufacturing GCC demand is more evenly spread, with Bengaluru, Pune, and Chennai emerging as key centres for product engineering, industrial design, and advanced manufacturing support.
Looking ahead, GCC office demand in India is projected to reach 180 million sq. ft. between 2025 and 2030. Growth will be supported by sectors such as automotive, life sciences, and semiconductors, with sustainability and flexible work models shaping future expansion.
“Green infrastructure, hybrid work models and strategic location choices will characterise the next wave of GCC expansion,” said Arvind Nandan, Managing Director – Research and Consulting at Savills India. Naveen Nandwani, Managing Director – Commercial Advisory and Transactions, added that the focus on high value technology and innovation roles is increasing demand for future ready, experience led workspaces.
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