GCCs Power Record Office Absorption in 2025: Vestian
Real Estate

GCCs Power Record Office Absorption in 2025: Vestian

Global Capability Centres (GCCs) have recently emerged as the key growth engine of India’s office market, accounting for 45 per cent of total pan-India absorption in 2025, up from 41 per cent in the previous year, according to Vestian. GCC-led leasing reached 34.9 million sq ft, registering a 20 per cent year-on-year increase.

Driven by strong GCC demand, a supportive policy environment and continued restrictions on H1-B visas, total office absorption touched a record 78.2 million sq ft in 2025. This represented an 11 per cent annual growth despite global macroeconomic uncertainty and geopolitical headwinds, highlighting the resilience of India’s office market.

To meet rising occupier demand, developers accelerated construction activity, resulting in new completions rising 8 per cent year-on-year to 55.5 million sq ft, the highest annual supply recorded in a calendar year. With absorption significantly outpacing supply, the pan-India vacancy rate declined sharply by 310 basis points to 10.8 per cent in 2025.

Bengaluru led GCC absorption with a 32 per cent share, followed by Hyderabad at 19 per cent. NCR witnessed a sharp rise in GCC activity, with the share of office space absorbed by GCCs increasing from 18 per cent in 2024 to 45 per cent in 2025, reinforcing its emergence as a major GCC destination.

Vestian noted that while IT–ITeS continued to dominate leasing activity, increasing participation from BFSI, healthcare, engineering and flex operators has added depth to demand. Office absorption is expected to continue its upward trajectory, with total absorption projected to reach 85–90 million sq ft by 2026, supported largely by sustained GCC expansion.

Global Capability Centres (GCCs) have recently emerged as the key growth engine of India’s office market, accounting for 45 per cent of total pan-India absorption in 2025, up from 41 per cent in the previous year, according to Vestian. GCC-led leasing reached 34.9 million sq ft, registering a 20 per cent year-on-year increase. Driven by strong GCC demand, a supportive policy environment and continued restrictions on H1-B visas, total office absorption touched a record 78.2 million sq ft in 2025. This represented an 11 per cent annual growth despite global macroeconomic uncertainty and geopolitical headwinds, highlighting the resilience of India’s office market. To meet rising occupier demand, developers accelerated construction activity, resulting in new completions rising 8 per cent year-on-year to 55.5 million sq ft, the highest annual supply recorded in a calendar year. With absorption significantly outpacing supply, the pan-India vacancy rate declined sharply by 310 basis points to 10.8 per cent in 2025. Bengaluru led GCC absorption with a 32 per cent share, followed by Hyderabad at 19 per cent. NCR witnessed a sharp rise in GCC activity, with the share of office space absorbed by GCCs increasing from 18 per cent in 2024 to 45 per cent in 2025, reinforcing its emergence as a major GCC destination. Vestian noted that while IT–ITeS continued to dominate leasing activity, increasing participation from BFSI, healthcare, engineering and flex operators has added depth to demand. Office absorption is expected to continue its upward trajectory, with total absorption projected to reach 85–90 million sq ft by 2026, supported largely by sustained GCC expansion.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement