Mumbai, July 7
Global Capability Centres (GCCs) showed remarkable 30.8 per cent year-on-year growth in India in January-June period (H1 2025) this year, reaching 13.85 million square feet and exceeding previous annual totals, a report showed on Monday.
GCCs are leading the charge in India’s office market and on a H1 comparison, leased more space in January-June of 2025 than any previous calendar year for the same time period, according to a JLL report.
This follows the momentum from last year, when GCCs were the biggest occupier group by activity levels.
GCCs in the BFSI and Manufacturing sector have been the standout performers, accounting for a cumulative 55.6 per cent share in the H1 leasing volumes.
Bengaluru remains the gateway city for GCCs, accounting for over 41 per cent of demand in H1 2025.
On an overall basis, tech leads in overall leasing volumes with a 30.3 per cent share in H1, followed by Flex with 17.0 per cent, BFSI with 16.2 per cent and manufacturing with 15 per cent share.
For Q2, Tech remained the leader in absolute leasing terms accounting for a 30.8 per cent share, with Manufacturing and BFSI capturing the next two spots in terms of contribution, followed by Flex.
Consulting firms were major movers this quarter, accounting for their biggest quarterly space take-up in Q2 2025, the report mentioned.