Mumbai, Sept. 17 -- Hyderabad's expanding Global Capability Centre (GCC) ecosystem could generate 8-12 mn sq. ft. of additional office demand over the next three to five years, according to a report by Anarock Research and Advisory and the Federation of Indian Chambers of Commerce and Industry (FICCI). The report was unveiled at a FICCI conference in the city.

The report estimates that Hyderabad could add 50-70 GCCs and more than 75,000 high-skilled jobs over the period. Flex and managed workspace could contribute another 2-3 mn sq. ft. of potential demand, particularly in western Hyderabad and established information technology corridors. This is expected to support demand for Grade A, amenity-rich and technology-enabled offices.

Hyderabad has more than 515 GCCs employing over 300,000 professionals, accounting for nearly 20 per cent of India's GCC base. The city added more than 70 GCCs in FY25, compared with 30-35 in Bengaluru, 15-20 in Pune and 12-15 in Chennai. GCC leasing increased from about 1.9 mn sq. ft. in 2021 to 4.5 mn sq. ft. in 2025, while GCCs absorbed another 3.05 mn sq. ft. in H1 2026.

The ecosystem spans information technology and information technology-enabled services, banking, financial services and insurance, pharmaceuticals, life sciences, semiconductors, aerospace, automotive, healthcare, consumer businesses and media technology. Functions are also shifting towards artificial intelligence, cloud engineering, product development, cybersecurity, analytics, research and development, and digital transformation.

Hyderabad has about 125 mn sq. ft. of Grade A office stock, nearly 15 per cent of India's inventory, with another 36 mn sq. ft. in the pipeline. Net absorption stood at 8.5 mn sq. ft. in 2025 and 5.2 mn sq. ft. in H1 2026, while vacancy declined from 26.3 per cent to 23.5 per cent. The western corridor, including Hitec City, Madhapur, Gachibowli, Financial District and Kokapet, remains the principal commercial cluster. The report places the city's information technology workforce at about 1 mn, supported by more than 400,000 STEM graduates annually.

Published by HT Digital Content Services with permission from Construction World.