According to the study conducted by Colliers, a property consulting firm, the GCCs are expected to comprise close to 50 per cent of the Grade A office leasing in India by 2026, and they will remain the key driving force of the country’s commercial real estate sector.
As per the estimate, the GCCs will consume an estimated 30-35 million sq ft of office space in India’s top seven cities this year, contributing 45-50 per cent of total leasing demand. The trend is expected to accelerate in 2027 with annual leasing touching an estimated 35-40 million sq ft, representing 50 per cent of the total market.
There have been very positive developments in India’s commercial real estate market due to this steady inflow of demand from foreign enterprises. Only in the first half of 2026, Grade A office space acquisitions by GCCs reached 16.6 million square feet of space, which was 46 per cent of all leasing transactions.
According to Colliers, this success is connected with multinational corporations increasing their presence on the Indian market while transitioning from the country serving as a back office for outsourcing activities to the place where global innovation takes place and decisions are made. Emphasising that the coming decade is going to be transformational for India, the company estimates that the number of capability centres in the country will be more than 4,000 by 2030, and their total market size will be 105 billion US dollars while the number of employees in GCCs is estimated at 2.8 million people.
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