New Delhi, Oct. 16 -- Global Capability Centres (GCCs) are expected to lease an additional 50-55 million square feet (msf) of Grade A office space across India's top six markets during FY2026-FY2027, contributing 38-40% of the overall office demand, according to a report by rating agency ICRA.

The rating agency said that the surge in GCC activity is expected to significantly boost commercial real estate in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region, and Pune. ICRA also projects the number of GCCs in India to grow from 1,700 currently to over 2,500 by 2030, with revenues surpassing USD 100 billion and workforce size increasing by 1.5 to 2 times.

The expansion reflects long-term strategic investments by global fi...