India’s global capability centre (GCC) real estate landscape is increasingly showing a clear city-level split, with Bengaluru leading on talent and technology while Mumbai tops office leasing for BFSI-focused global centres, according to Savills India’s report, Global Capability Centres Enabling India’s Strategic Advantage. The report attributes Mumbai’s strong performance to its deep and layered financial services ecosystem, which spans primary, secondary, and tertiary functions, positioning the city as a natural hub for BFSI GCCs even as Bengaluru continues to dominate as the country’s primary talent powerhouse.
Bengaluru remains the undisputed leader in overall GCC office absorption. Between 2020 and 2024, the city accounted for 42.8 million sq. ft. of GCC leasing, representing 38 percent of India’s total. Along with Hyderabad and Pune, Bengaluru anchors nearly 70 percent of national GCC absorption, driven by a robust technology ecosystem and a consistent pipeline of more than 2.2 million STEM graduates annually. This talent depth continues to attract global enterprises looking to scale high-value technology and innovation functions in India.
The report highlights that Bengaluru commands 77 percent of IT-BPM GCC leasing among the top three cities, reinforcing its dominance in digital, software, and technology-led operations. Meanwhile, engineering and manufacturing GCC demand is more distributed, with Bengaluru, Pune, and Chennai emerging as key hubs for product engineering, industrial design, and advanced manufacturing support roles.
Looking ahead, Savills India projects GCC office demand to reach 180 million sq. ft. between 2025 and 2030, supported by the expansion of emerging sectors such as automotive, life sciences, and semiconductors. The next phase of growth is expected to be shaped by sustainability, flexibility, and long-term strategic planning.
“Green infrastructure, hybrid work models and strategic location choices will characterise the next wave of GCC expansion,” said Arvind Nandan, Managing Director – Research and Consulting at Savills India, adding that GCC real estate is increasingly being viewed as a strategic investment rather than a cost centre. Echoing this sentiment, Naveen Nandwani, Managing Director – Commercial Advisory and Transactions, noted that the shift toward high-value technology and innovation roles is driving demand for future-ready, experience-led workspaces.
Together, these trends underscore India’s growing role as a global GCC powerhouse, with cities playing differentiated but complementary roles in the evolving enterprise ecosystem.
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