Bengaluru leads GCC office leasing in India with 40% share in Q1 2025

Bengaluru has reaffirmed its dominance as India’s top destination for Global Capability Centres (GCCs), accounting for the largest share of office space leasing in the first quarter of 2025. New data from ANAROCK reveals the city led the country with approximately 3.3 million sq. ft. of gross leasing by GCCs, out of a total 8.35 million sq. ft. across the top seven Indian cities. This translates to a commanding 40% share.

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Southern cities as a whole—Bengaluru, Chennai, and Hyderabad—contributed a dominant 64% of GCC-related leasing activity. Chennai recorded 1.22 million sq. ft., while Hyderabad’s numbers dropped to 0.82 million sq. ft. from 1.22 million sq. ft. last year. Delhi-NCR posted a significant rise, reaching 1.91 million sq. ft., up from just 0.49 million sq. ft. in Q1 2024.

Overall, GCCs were responsible for 43% of India’s 19.47 million sq. ft. gross office leasing in Q1 2025—a 72% year-on-year increase. The IT/ITeS sector continued to lead, accounting for 35% of GCC leasing, followed by BFSI at 22%, and manufacturing at 13%. E-commerce and consulting sectors made smaller contributions.

India housed over 1,700 GCCs by end-2024, employing nearly 1.8 million professionals. ANAROCK projects this figure to exceed 1,900 by the end of 2025 and potentially reach up to 2,300 by 2030, with a market value exceeding USD 100 billion.

Despite rising interest in Tier 2 and 3 cities, Bengaluru remains the epicentre of India’s global services ecosystem.