Mr. Peush Jain, Anarock: GCCs to Fuel Office Demand Growth in 2025, Focus on Tier-1 and Tier-2 Cities
Mr. Peush Jain, MD-Commercial Leasing and Advisory, Anarock Group
“GCCs have emerged as the largest office occupiers in top metro cities. In 2025, GCC and IT/ITeS expansion in Tier-1 and Tier-2 cities will be the key growth driver of office demand.
The demand from Global Capability Centers (GCCs) is expected to remain strong. India’s cost-effectiveness, skilled workforce, and operational efficiency make it a preferred destination for GCCs across industries like BFSI, healthcare, technology, and R&D.
ANAROCK has played a pivotal role in GCC leasing transactions and anticipates sustained demand as companies seek to diversify and de-risk operations by shifting critical functions to India.
The Budget announcement on the formulation of national framework on GCCs will not just smoothen but also expedite the entry of GCCs in emerging markets by enabling availability of skilled workforce, strengthening of urban infrastructure and creation of new office supply.
Real estate developers will be prompted to not just enter these markets but also create high quality spaces in accordance with the requirements of GCCs.”