India’s GCC Boom to Add 180 Mn Sq. Ft. of Office Space by 2030: Report
Automotive, semiconductors and life sciences will drive 30% of GCC leasing demand between 2025 and 2030, reflecting a shift toward high-value sectors: Savills India
India’s Global Capability Centres (GCCs) are poised for a powerful new phase of expansion, with Savills India projecting that they will add around 180 million sq. ft. of office space between 2025 and 2030. This marks one of the strongest growth cycles yet for the country’s GCC ecosystem, driven by India’s deep tech talent base, competitive operating costs, and its expanding role as a global innovation hub.
According to the latest Savills India report, GCCs leased 112 million sq. ft. of office space between 2020 and 2024, growing at a 12% CAGR during this period. In 2024 alone, GCCs absorbed a record 33 million sq. ft., accounting for 44% of India’s total commercial office leasing – the highest share ever recorded.
The bulk of this activity continues to be concentrated in Bengaluru, Hyderabad, and Pune, which collectively contributed 70% of GCC leasing between 2020 and 2024. Bengaluru remains the country’s undisputed powerhouse for Technology and Engineering & Manufacturing GCCs, while Hyderabad has emerged as the top market for Healthcare and Pharma capabilities.
The report highlights the growing importance of high-value sectors such as Automotive, Semiconductors, and Life Sciences, which Savills India expects will collectively drive 30% of future GCC leasing demand between 2025 and 2030.
Naveen Nandwani, Managing Director of Commercial Advisory & Transactions at Savills India, notes that GCCs are prioritising location strategy, workplace design, and long-term scalability as key components of their India presence.
Savills India estimates that India is home to 1,800 GCCs employing 1.9 million professionals, and this number is expected to rise to 2,200 GCCs and 2.8 million employees by 2030. The next major growth opportunity is expected to come from mid-market global enterprises – firms with revenues between USD 100 million and USD 1 billion – that are increasingly turning to India for scale and technological capabilities.
Looking ahead, Savills India expects GCCs to maintain a strong leasing momentum of roughly 30 million sq. ft. per year through 2030 under its realistic scenario. India’s combination of talent strength, lower operating costs, improving policy environment, and rapid movement toward innovation-driven mandates is set to reinforce the country’s position as the world’s leading GCC hub.
