The GCC office market adds 1.7 million jobs as multinational firms drive demand across major Indian cities, reshaping commercial and residential real estate.

Eleganz Interiors secures a 450,000 sq ft Bengaluru GCC project, reflecting a strong shift in demand for advanced, tech-enabled workspaces in India's hub.

Tier-2 cities office leasing activity gathers momentum as global capability centers expand across India, driven by lower costs and improved state incentives.

Enzyme Office Spaces has leased 3.4 lakh sq ft of flexible office space across Bengaluru's Whitefield, HSR Layout, and Hebbal micro-markets. The 10-year lease agreement, valued at ₹2.5 crore per month, will be subleased to Global Capability Centers (GCCs) and startups, projecting ₹50 crore in annual revenue. This expansion enhances Enzyme's managed office portfolio in key Indian commercial hubs, underscoring robust demand for adaptable workspace solutions.

India's commercial office stock is projected to exceed one billion square feet in 2026, with significant future supply concentrating within integrated technology parks. Global Capability Centres are fueling sustained leasing momentum across major metropolitan markets.

The Karnataka government's ₹4.48 lakh crore Budget 2026–27 earmarks Mysuru as the state's next major IT destination, aiming to ease Bengaluru's urban overload and unlock real estate and employment opportunities across Karnataka's Tier-2 cities.

Navi Mumbai is solidifying its position as a commercial hub, primarily attracting Global Capability Centres (GCCs) due to office rental rates approximately 21% below the average for major Indian metros. Analysis shows robust demand outpacing new supply, signalling sustained growth potential in the region.

The Nuvama-Cushman joint venture's Prime Offices Fund finalized the acquisition of a 51% controlling interest in the 1.1 million sq ft 'TenSteps' office development in Pune's Kharadi micro-market for approximately ₹1,000 crore. This move expands the fund’s total managed portfolio footprint across Delhi NCR, Chennai, and Pune to over 3.8 million square feet, signaling a focus on institutional-grade assets in major business hubs.

State Bank of India has reportedly leased 1.34 lakh sq ft of office space in Airoli, Navi Mumbai, for its Global Capability Centre (GCC) at a monthly rental of approximately ₹1.68 crore, reinforcing the region's growing appeal as a commercial real estate hub in the MMR.

Aerospace major Airbus India has leased 1.51 lakh sq ft of commercial office space in Bengaluru, expanding its total footprint in the city to nearly 8 lakh sq ft and reinforcing the city's dominance as India's top destination for global aerospace and GCC operations.

Nagpur Metro is driving a citywide transformation through Transit-Oriented Development, multimodal connectivity, and strategic infrastructure expansion — positioning the city as a future-ready hub for real estate, business, and sustainable urban living.

Facebook India has leased nearly 69,702 sq ft of Grade-A office space in Hyderabad’s Hitec City for five years, reinforcing the city’s growing status as a global tech and GCC hub.

Tamil Nadu has emerged as India's top SEZ destination and fastest-growing hub for GCCs and data centres, driving significant commercial real estate demand across Chennai, Coimbatore, and Tirunelveli.

Global real estate investor Brookfield has announced plans to construct a 1.3 million sq ft premium Grade A office tower in Powai, Mumbai, for banking giant JP Morgan Chase, reinforcing Mumbai's position as India's leading commercial real estate hub.

JP Morgan Chase has announced plans to establish Asia's largest Global Capability Centre in Mumbai's Powai, spanning 2 million sq ft and creating 30,000 jobs by 2029, marking a significant milestone for India's corporate services ecosystem.