How Did Global Capability Centres Achieve 30.8% Growth in India During Jan-June?
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Synopsis
Global Capability Centres in India have achieved a stunning 30.8% growth in H1 2025, reaching 13.85 million square feet. This growth is a testament to the resilience of India's office market amid global uncertainties. Discover how GCCs are reshaping the landscape and driving significant leasing volumes.
Key Takeaways
- 30.8% year-on-year growth in H1 2025 for GCCs.
- Leased 13.85 million square feet surpassing previous records.
- Bengaluru accounts for over 41% of GCC demand.
- Overall gross leasing reached 39.45 million square feet.
- Resilience shown amidst global economic challenges.
Mumbai, July 7 (NationPress) Global Capability Centres (GCCs) have recorded a phenomenal 30.8% year-on-year growth in India during the January to June period (H1 2025), reaching an impressive 13.85 million square feet and surpassing previous annual totals, as highlighted in a recent report.
According to the JLL report, GCCs are at the forefront of India’s office market, leasing more space in H1 2025 than in any previous calendar year for the same timeframe.
This growth follows last year's trend, where GCCs emerged as the leading occupier group based on activity levels.
Standout performers have been GCCs in the BFSI and Manufacturing sectors, which collectively contributed to a significant 55.6% share of H1 leasing volumes.
Bengaluru remains the primary hub for GCCs, accounting for over 41% of demand in H1 2025.
In overall leasing volumes, the tech sector leads with a 30.3% share, followed by Flex at 17.0%, BFSI at 16.2%, and Manufacturing at 15%.
For Q2, the tech sector sustained its lead with a 30.8% share in absolute leasing terms, while Manufacturing and BFSI followed closely.
Consulting firms also made significant moves this quarter, achieving their highest quarterly space take-up in Q2 2025, according to the report.
Despite major global economic uncertainties, India's office market continues to exhibit robust momentum, with gross leasing numbers reaching a record 39.45 million square feet in H1 2025, marking a 17.6% increase year-on-year.
Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, stated, “This outstanding performance, driven by global occupiers who represent 61.5% of quarterly transactions, positions the market to exceed an unprecedented 80 million square feet annually.”
With the top seven cities consistently delivering around 21 million sq. ft per quarter over the past year, India has established itself as a crucial destination in multinational corporations' global strategies, demonstrating profound confidence in the nation’s long-term growth potential, Das noted.
It is important to highlight that India’s office market has defied global trends of workspace contraction.
Demand driven by headcount and footprint growth led to net absorption in H1 hitting 23.9 million sq ft, the highest ever recorded for any previous H1 comparison. The Indian office sector continues its extraordinary growth trajectory, fueled by GCCs, a tech revival, and strong BFSI demand.
Point of View
I see the growth of Global Capability Centres in India as a beacon of resilience in the face of global economic challenges. The data reflects a profound confidence in India's potential, making it clear that the country's office market is not only thriving but becoming essential for multinational corporations. The focus on innovation and demand from sectors like tech and BFSI indicates a robust future ahead.
NationPress
22/07/2025
Frequently Asked Questions
What is the growth percentage of GCCs in India for H1 2025?
GCCs in India achieved a remarkable growth of 30.8% year-on-year in H1 2025.
Which city is the main hub for GCCs in India?
Bengaluru is the primary hub for GCCs, accounting for over 41% of demand in H1 2025.
What sectors contributed to the growth of GCCs?
The BFSI and Manufacturing sectors were standout performers, contributing to a cumulative 55.6% share in H1 leasing volumes.
What is the overall gross leasing number for India in H1 2025?
The overall gross leasing number for India in H1 2025 hit a record high of 39.45 million square feet.
How has India's office market performed amid global uncertainties?
India's office market has shown strong momentum and resilience, defying global trends of workspace contraction.
