In a welcome move, the government in Budget 2025-26 announced the formulation of a national framework in areas like talent availability, infrastructure, building byelaws etc. as guidance to states for promoting Global Capability Centres in emerging tier 2 cities.
GCCs have been driving demand for office spaces and this move, alongside the government’s emphasis on improving liveability in Indian cities and Infrastructure development will go a long way in establishing India as a hub for Global Capacity Centre. This move will boost employment opportunities, creation of new office supplies and draw national level developers to these cities. The office sector growth is expected to stay buoyant with record leasing activity led by GCCs.
*According to Anarock, developers are currently developing around 25-30 million square feet of office space across major cities for catering to the requirements of domestic and foreign companies.- Mr. Peush Jain, MD-Commercial, Anarock
