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The burgeoning trend of Global Capacity Centres (GCC) focused transactions in the commercial real estate market in Chennai has taken centre stage. The city has recorded a surge in GCC-oriented office transactions during 2023, totalling 6.02 million sqft across 71 deals, said a report by Knight Frank India. This figure represents a 176 per cent year-on-year (YoY) increase, signifying Chennai’s growing prominence as a preferred destination for GCC operations.
According to the findings of a study conducted by Knight Frank India