New Delhi, July 24 -- Global Capability Centres (GCCs) are set to become the biggest driver of India's commercial real estate market, with annual office space leasing expected to reach 35-40 million square feet over the next two years and account for nearly half of the country's Grade A office demand, according to a report by Colliers India.
The report, titled "GCCs in India: Global leadership through scale, competitiveness, talent & innovation", said GCCs have leased around 118 million square feet of Grade A office space across the country's top seven cities since 2021, representing 37 per cent of India's total office leasing during the period.
In the first half of 2026 alone, GCCs accounted for 16.6 million square feet, or 46 per cent o...