Tag: Global Capacity Centres

CommercialLatest Stories

GCCs Boost Office Leasing to 85-90 Million Sq Ft by FY27

NEW DELHI: India’s commercial real estate sector is expected to maintain steady growth, with gross leasing across the top eight office markets projected to increase by 12%–14% year-on-year, reaching 85-90 million sq ft in FY27, as stated in a whitepaper from India Ratings & Research (Ind-Ra) in partnership with ETRealty. According to the agency, gross leasing is set to reach 79–80 million sq ft in FY26, reflecting a 10% annual increase. Although leasing for the first half of FY26 was recorded at 29.5 million sq ft, which is an 8% drop year-on-year due to a high base and limited availability…

CommercialLatest Stories

GCCs Could Represent 50% of India’s Office Demand: Report

BENGALURU: Global Capability Centres (GCCs) are set to account for up to 50% of the demand for grade-A office space in India’s top seven cities over the coming years. Annual leasing by GCCs is projected to reach 35–40 million sq ft, as per a recent report by Colliers India. The report indicates that GCCs have absorbed approximately 117 million sq ft of office space since 2020, which amounts to 38% of the total 310 million sq ft leased during this time. Their share in overall leasing has climbed from under 30% a few years ago to an expected 40% by…

CommercialLatest Stories

CorpEdge teams with Braymont for ₹225 crore GCC growth

Dubai-based CorporatEdge has announced an investment of Rs 225 crore to expand its network into Global Capacity Centres (GCCs). The company specializes in high-quality serviced office solutions. They have entered a joint venture with Braymont Holding, aiming for expansion across the GCC in the next two to three years. Situated in Emaar Square, Downtown Dubai, their first UAE Offitel covers 36,000 sq. ft. and provides 95 fully serviced premium suites. The facility includes private offices, large team suites for up to 100 people, custom-built enterprise solutions, boardrooms, meeting rooms, and various hospitality services, all designed with wellness in mind. The…

CommercialLatest Stories

Maharashtra Cabinet Greenlights Policy to Double Global Centres by 2030

AI-generated image (representative) NAGPUR: On Tuesday, the state cabinet approved a new policy aimed at attracting investments in Global Capacity Centres (GCCs). The initiative emphasizes Tier-2 and Tier-3 cities such as Nagpur, Nashik, and Chhatrapati Sambhaji Nagar, with a goal of increasing the number of GCCs in the state to 800. This policy, effective from 2025 to 2030, seeks to draw in investments totaling ₹50,600 crore and create 400,000 new jobs. Currently, Maharashtra is home to 400 GCCs that employ 400,000 individuals. With this decision, Maharashtra joins other states like Gujarat, Karnataka, Madhya Pradesh, and Uttar Pradesh in having a…