Once simple back-offices, Global Capability Centers (GCCs) are now sophisticated centers of innovation, specialization, and technological integration. These powerhouses are expected to spearhead 30-35 million square feet of leases by 2026—roughly 40-50% of all Grade A activity—spanning tech, finance, engineering, and manufacturing domains.

Bengaluru leads the charge, projected to account for about a third of national leasing volume and supply additions in 2026. Close behind, Hyderabad and Delhi-NCR anticipate exceeding 10 million square feet in both demand and new inventory, signaling their emergence as critical hubs.

By 2030, the country’s premium office stock will surpass 1 billion square feet effortlessly. Strong absorption rates promise lower vacancies and higher rents across major metros.

According to Colliers India’s Office Services MD Arpit Mehrotra, factors like GCC proliferation, flex space proliferation, talent pool expansion, and steady fundamentals will keep demand robust. Flex operators may capture 15-18 million square feet yearly by 2026, or 20-25% of the market.

This trajectory suggests 70-75 million square feet in Grade A leasing for 2026, setting the stage for 100 million square feet annually thereafter. REITs will accelerate this growth from 2026 onward, opening doors for broader investor participation.

Colliers’ National Director and Research Head Vimal Nadar notes that forward-thinking developers embedding digital tools and green practices will dominate tenant acquisition and retention. In a market hungry for quality, such innovations will be game-changers.