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Indias GCC figures to cross 2,400 by 2030 with commercial real estate to set higher pace
Indias Global Capability Centres are projected to exceed 2,400 by 2030, employing over 2.8 million people and driving strong demand for office spaces, REIT expansion and commercial real estate growth, according to a recent industry report.
Amid the country’s commercial real estate sector recorded its strongest ever performance despite turmoil global economic situation, the country’s Global Capability Centers are going to soon exceed 2,400 by 2030, employing more than 2.8 million professionals.
The reports findings published in the FICCI-ANAROCK report, Workplace 2025: India Commercial Real Estate Reimagined has shown that GCCs now accounts for more than 40% of total gross office leasing across top seven cities in the country, strengthening its position as structural anchors of the national property market. India housing figures stood at 1,700 GCCs with the employment of more than 1.9 million professionals, as of 2024-end.
The real sector market has more than doubled from USD 30 billion in 2019 to USD 64 billion in 2024 with the predictions of growth indications to USD 105 to 110 billion by 2030 at a compound annual growth rate of 10%. Also, the report highlights the structural transformation which is going underway in India’s Real estate Investment Trust segment.
The reports findings published in the FICCI-ANAROCK report, Workplace 2025: India Commercial Real Estate Reimagined has shown that GCCs now accounts for more than 40% of total gross office leasing across top seven cities in the country, strengthening its position as structural anchors of the national property market. India housing figures stood at 1,700 GCCs with the employment of more than 1.9 million professionals, as of 2024-end.
The real sector market has more than doubled from USD 30 billion in 2019 to USD 64 billion in 2024 with the predictions of growth indications to USD 105 to 110 billion by 2030 at a compound annual growth rate of 10%. Also, the report highlights the structural transformation which is going underway in India’s Real estate Investment Trust segment.
The sector has further reflected the democratized way of property investments for retail participants with the help of five listed REITs compounding a market capitalization of around USD 18 billion with just 20% of institutional real estate which is quite below the incumbent market at US, Singapore, and Japan.
Amongst the cities, Bengaluru has continued to dominate India’s GCC landscape having more than 875 centers, presenting 29% of the national level and shows over one-third of India’s GCC leasing in 2025, followed by Pune at 15% with Delhi-NCR and Hyderabad each comprising for 14%. The report further projects REIT penetration could significantly rise to 25% to 30% by 2030 driven by diversification into data centers, logistics parks, and retail assets.