Workspaces for GCCs: Fueling India's Next Wave of Growth
Monaah M Shuklla
Founder CEO & Mentor | Customer Acquisition, Talent Management
As India solidifies its position as a global hub for innovation and business transformation, Global Capability Centers (GCCs) are at the forefront of this evolution. With projections showing GCCs occupying 26 million square feet of office space by 2027*, their growing footprint is a testament to India's strategic importance in the global economy.
From 2018 to 2023, the leasing activity of GCCs surged by 16%, with 6,667 deals across eight major cities. This rise underscores a key fact—India is no longer just a cost-effective destination for outsourcing. Today, our country stands as a global nerve center of strategy, technology integration, and business innovation.
At CorporatEdge, we see firsthand how GCCs are reshaping workspace demands. More than ever, flexibility, sustainability, and technological readiness are key to enabling the success of these centers. With Bengaluru leading in IT/ITeS GCCs and Mumbai driving BFSI GCCs, the type of workspace needed by these sectors is evolving. Companies are not just looking for office space; they are seeking hubs that enable operational excellence.
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How CorporatEdge Adds Value:
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The future of GCCs in India is promising, with over 1,900 centers projected by 2025, employing nearly 2 million people. These centers will play pivotal roles in AI-driven solutions, customer-centric transformations, and sustainable operations, ensuring they stay ahead in an increasingly competitive global landscape.
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At CorporatEdge, we are deeply invested in creating workspaces that align with the future needs of GCCs. Our centers are designed to support advanced technologies, promote employee well-being, and offer the scalable, flexible office solutions that growing companies require. As GCCs continue to drive India’s office market, we are excited to be part of this dynamic journey, providing the plug-and-play solutions that enable businesses to thrive.
The demand for innovation and adaptability has never been higher, and India is ready to lead. Let’s continue building the future together.
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*The data reference in this post has been sourced from the Knight Frank Report - Asia-Pacific Horizon.