Tag: Global capability centres in India

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Accenture Leases 10.16 Lakh Sq Ft Office in Hyderabad for ₹7 Cr+

NEW DELHI: Accenture, a leading IT services and consulting firm, has signed a lease for 10.16 lakh sq ft of office space in Hyderabad for a period of 10 years, with an initial rent exceeding Rs 7 crore per month, as reported by CRE Matrix. According to real estate data analytics firm CRE Matrix, the lease agreement between Aparna IT Hub LLP and Accenture Solutions Pvt Ltd was registered on June 10. Aparna IT Hub has leased a total area of 10,16,912 sq ft (chargeable area) in warm shell condition, across two phases, with a carpet area of approximately 7.57…

CommercialLatest Stories

GCCs to Lease 50-55 Million Sq Ft in FY26-FY27: ICRA

Representative image NEW DELHI: ICRA, a leading rating agency, anticipates that global capability centres (GCCs) will lease an additional 50-55 million square feet of Grade A office space during FY26-FY27, which could account for 38-40% of overall office demand in the top six markets: Bengaluru, Chennai, National Capital Region (NCR), Hyderabad, Mumbai Metropolitan Region (MMR), and Pune. Furthermore, ICRA predicts that the number of GCCs will increase from about 1,700 currently to over 2,500 by 2030, generating upwards of $100 billion in revenue and expanding workforce capacity by 1.5-2.0 times. The rapid growth of GCCs has become a significant growth…