Bengaluru: The share of global capability centres (GCCs) of foreign firms in total office space leased in India is steadily rising. Colliers, a real estate management firm, says the space leased by GCCs in 2023 is the highest since 2020.
The firm says GCCs – technology and shared services arms of MNCs – have become a significant part of commercial real estate since the pandemic. In the decade prior to that, IT firms dominated. Colliers data shows that in 2020, about 17 million square feet was leased by GCCs. That dropped to 15 million in…
The firm says GCCs – technology and shared services arms of MNCs – have become a significant part of commercial real estate since the pandemic. In the decade prior to that, IT firms dominated. Colliers data shows that in 2020, about 17 million square feet was leased by GCCs. That dropped to 15 million in…