Global Capability Centres (GCC) in India have moved far beyond back office support. They are now central to innovation, research and development, and strategic decision making for global companies. South Indian cities continue to dominate this shift, accounting for nearly 64 percent of total GCC activity in the country. This strong presence is reshaping urban growth and driving demand in real estate markets.
Bengaluru remains the clear leader and is widely seen as India’s GCC capital. The city alone contributes close to 40 percent of the country’s total GCC office leasing. It hosts advanced centres working on artificial intelligence, product engineering, cloud computing and deep technology research. Key corridors such as Whitefield, Outer Ring Road and Sarjapur Road have emerged as high density employment zones. Nearly 3.3 million square feet has been leased in the city, reinforcing its dominant position. Real estate demand remains strong, with premium valuations near metro connected technology hubs. Residential prices are expected to grow by 8 to 11 percent over five years, while rentals may rise by 6 to 8 percent annually.
Hyderabad is the fastest scaling challenger. It accounts for around 9 percent of GCC leasing in India and continues to attract large campus style centres in banking, digital services, pharmaceuticals and cloud platforms. Areas such as HITEC City, Gachibowli and the financial district are key growth zones. Leasing stands at nearly 0.75 to 0.8 million square feet. Competitive property prices and rising demand point to strong long term appreciation, with expected residential price growth of 7 to 9 percent and rental growth of 6 to 7 percent.
Chennai contributes about 15 percent of India’s GCC office leasing and plays a vital role in South India’s overall share. It is a preferred hub for engineering, automotive, electronics and industrial research centres. The OMR corridor and southern suburbs continue to see steady demand. Around 1.22 million square feet has been leased, supporting stable price growth and consistent rental absorption.
Other South Indian cities such as Coimbatore and Kochi are also gaining traction, offering cost efficient technology, analytics, fintech and mid sized GCC operations. Together, South India’s strength lies in deep talent pools, mature technology ecosystems, strong infrastructure and global connectivity.
In contrast, cities such as Pune, Delhi NCR and Mumbai account for the remaining 36 percent of GCC leasing, with more fragmented and niche operations.
Looking ahead, South India is expected to retain over 60 percent of India’s GCC share by 2030. Tier two cities will absorb rising demand, while GCCs continue to drive office leasing, housing growth, employment and long term economic development.
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