India's office market has remained resilient, with GCCs strengthening their role in leasing activity. During the first half of 2026, GCCs leased 16.6 million square feet of Grade A office space, accounting for 46% of total office leasing across the top seven cities, the report said.
Key Insights
10 editorial insights.
India's office market remains resilient, driven by GCCs leasing 16.6 million square feet of Grade A office space, accounting for 46% of total leasing in top seven cities, signaling a significant shift in the country's commercial real estate landscape.
The surge in GCC-driven leasing is technically facilitated by India's robust IT infrastructure, enabling seamless integration of global operations and efficient data management, underpinned by cloud computing, cybersecurity, and data analytics technologies.
The broader industry context reveals a trend of increased outsourcing and offshoring, with GCCs capitalizing on India's skilled workforce and favorable business environment, as evidenced by the growth of major players like Infosys and Wipro, which have expanded their operations to cater to global clients.
The India tech ecosystem is significantly impacted, with Indian companies like TCS, HCL, and Tech Mahindra benefiting from the increased demand for office space, as well as the country's burgeoning startup scene, which is driving innovation and job creation in the IT and ITES sectors.
Key Highlights
- GCCs leased 16.6 million square feet of Grade A office space in the first half of 2026
- 46% of total office leasing across top seven cities was driven by GCCs
- India's office market has remained resilient despite global economic uncertainty
- Indian companies like TCS, HCL, and Tech Mahindra are poised to benefit from the surge in GCC-driven leasing
- The trend is expected to continue, with experts predicting a 10-15% increase in office leasing activity in the next quarter
Real-World Impact
The surge in GCC-driven leasing will have a concrete impact on job roles like IT project managers, data analysts, and cybersecurity experts, as well as industries like finance, healthcare, and e-commerce, which are increasingly reliant on digital transformation and outsourcing.
Why This Matters
The trend represents a strategic shift towards a more globalized and digitized economy, underscoring the importance of CTOs and developers prioritizing cloud computing, cybersecurity, and data analytics to remain competitive, and highlighting the need for Indian companies to invest in upskilling and reskilling their workforce.
As the Indian office market continues to evolve, one thing to watch next is the growth of emerging cities like Hyderabad and Pune, which are poised to become major hubs for GCCs and Indian companies alike, driven by their robust IT infrastructure and talent pool.
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