India, Oct. 22 -- India's office buildings are increasingly becoming more than workplaces. As multinational companies expand their technology, engineering, financial services and research operations in the country, commercial offices are emerging as an important part of India's evolving role in the global business ecosystem.

At the centre of this shift are global capability centres (GCCs). Once associated largely with back-office support and cost efficiency, these centres are increasingly undertaking functions such as product development, data analytics, artificial intelligence, cybersecurity and research. Their changing role is influencing not only the nature of employment in India but also the demand for modern commercial real estate....