8% growth recorded in the first nine months of this year
Demand for Global Capability Centre (GCC) office space is rising across India. According to a recent study by Colliers, GCC space demand increased by 8% in the first nine months of this year, reaching 50.9 million sq ft. In the third quarter of 2025, Bengaluru led in GCC space demand, followed by Pune, Mumbai, and Chennai, which also recorded high uptake. These three cities together account for over half of Grade-A space consumption, with each city achieving at least 40% year-on-year growth in Q3 2025, the report noted.
Bengaluru maintained its dominance with 14 million sq ft leased, representing 27% of total office space demand in India. GCCs have already leased nearly 20 million sq ft across the top seven cities in 2025, accounting for 40% of overall office space demand. “Despite external uncertainties and commercial tensions, India’s office market has shown stability, surpassing the 50 million sq ft benchmark in the first nine months of this year,” said Arpit Mehrotra, Managing Director of Colliers India Office Services.
The report also highlighted that new supply across the seven major office markets reached 16.6 million sq ft in Q3 2025, marking a 15% annual increase. Pune led with 4.6 million sq ft, followed by Bengaluru and Delhi. In the first nine months of this year, traditional leasing totaled 41.7 million sq ft.