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India’s Global Capability Centres (GCCs) have delivered a stellar performance in the first half of 2025, with office space leasing surging 30.8% year-on-year to reach 13.85 million square feet. This remarkable growth has been driven primarily by the BFSI and manufacturing sectors, which account for 55.6% of the demand, according to a JLL report. 

GCCs have leased more space in H1 2025 than in any previous calendar year, underscoring India’s attractiveness as a destination for global businesses.

The growth has been particularly pronounced in Bengaluru, accounting for 41% of the demand and solidifying its position as a leading hub for GCCs in India. The technology sector leads overall leasing volumes with a 30.3% share, followed by Flex, BFSI, and manufacturing. Consulting firms have also made a significant impact, recording their biggest quarterly space take-up in Q2 2025 and contributing to the strong demand.

Despite economic uncertainties globally, India’s office market has demonstrated resilience, with gross leasing numbers hitting a new high of 39.45 million square feet in H1 2025, up 17.6% year-on-year. 

According to Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, this exceptional performance puts the market on track to surpass 80 million square feet annually. Over the past year, the top seven cities have consistently delivered approximately 21 million square feet per quarter, cementing India’s position as a mission-critical destination for multinational corporations.

The net absorption in H1 2025 reached 23.9 million square feet, the highest ever recorded in the first half of any year. Global occupiers account for 61.5% of quarterly transactions, reflecting deep-seated confidence in India’s long-term growth potential. With its strong demand and resilience in the face of global economic uncertainties, India’s office market is poised for continued growth and success.