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India’s Global Capability Centres (GCCs) are poised to drive 35-40 million sq ft of annual office leasing, accounting for 40-50% of the country’s overall office space demand over the next few years, according to a report by Colliers India.

The US will continue to dominate India’s GCC landscape, driven by technology firms, while the UK and EU are expected to gain traction, particularly in the engineering and manufacturing, BFSI, and consulting sectors.

Recent trade agreements, including FTAs with the US, EU, and UK, are likely to enhance India’s export competitiveness, reduce entry barriers, and incentivise global firms to expand their India operations.

GCCs have accounted for approximately 40% of Grade A office demand across India’s top seven cities, with 117 million sq ft of office space uptake since 2020. The steady growth in GCC demand is evident in the increase in space uptake from 16 million sq ft in 2020 to nearly 30 million sq ft in 2025.

“GCCs will continue to anchor India’s office space demand, supporting the ongoing scale-up and diversification of the occupier base. With global trade frictions relatively moderating, supported by recent developments pertaining to bilateral agreements between India and its leading trade partners, we envisage positive sentiment translating into traction across key demand drivers of the Indian office market,” said Vimal Nadar, National Director & Head of Research, Colliers India.

“Although GCC leasing will continue to be driven by the technology sector, demand is likely to become broad-based, with BFSI and engineering and manufacturing firms expected to contribute 40–50% of the space uptake in 2026,” Nadar added.

Overall, nuanced demand patterns underscore the alignment of the Indian GCC ecosystem with high-value, domain-intensive functions rather than transactional back-office operations. Additionally, skilled talent availability and cost arbitrage will continue to fuel the expansion of capability centres in India.

“Recent trade agreements could potentially boost foreign investment and amplify real estate demand across economic sectors, including GCCs in India,” said Arpit Mehrotra, Managing Director, Office Services, Colliers India.