Global Capability Centres (GCCs) have firmly anchored India’s office market in 2025, accounting for 38% of total annual leasing at 31.8 million sq ft, reinforcing India’s status as a global centre of excellence for R&D, engineering, and enterprise operations generating many GCC jobs in Hyderabad. According to the latest report by Knight Frank India, overall gross office leasing surged to 86.4 million sq ft, marking a 20% YoY increase and surpassing the previous peak recorded in 2024.
What makes this cycle structurally significant is scale and resilience. Leasing volumes are 43% higher than the pre-pandemic peak of 2019, highlighting sustained occupier confidence over the last four years. This is no longer a rebound—it is a recalibration of how global enterprises view India as a long-term operational base.
While Bengaluru continued to dominate GCC leasing with 47% share (15.2 mn sq ft), the broader story lies in diversification. Hyderabad, along with NCR, Pune, and Chennai, crossed the 10 mn sq ft annual leasing benchmark, signalling depth beyond a single-market narrative.
With rental appreciation driven by limited availability of quality Grade-A supply—particularly in Hyderabad and NCR—India’s office market is entering a phase where strategy, timing, and location selection will increasingly define outcomes for global occupiers.
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