The burgeoning trend of Global Capacity Centres (GCC) focused transactions in Chennai’s commercial real estate market has taken centre stage. Chennai has recorded a remarkable surge in GCC-oriented office transactions during 2023, totalling 6.02 million sq ft across 71 deals, said a study by Knight Frank India, an independent, global property consultancy.
This represents a substantial 176 per cent year-on-year (YoY) increase, signifying the city’s growing prominence as a preferred destination for GCC operations. Of all the GCC deals…