60% of GCCs Operate from Green Grade-A Flex Offices: Vestian
ECONOMY & POLICY

60% of GCCs Operate from Green Grade-A Flex Offices: Vestian

India has emerged as a key global hub for Global Capability Centres (GCCs), with flex offices playing a growing role in meeting enterprise demand for speed, scalability and quality. According to Vestian Research, India hosts over 1,750 GCCs operating through nearly 3,800 bases, accounting for more than 40 per cent of total office space demand over the past two years. Of the 1,400 flex centres across major Tier-1 cities, more than 475 currently house GCC operations.

As GCCs become dominant occupiers, they are accelerating premiumisation within the flex segment. Across the top seven cities, 42 per cent of flex centres are green-certified and 69 per cent are located in Grade-A buildings. In contrast, around 62 per cent of GCC bases in flex spaces operate from green-certified centres, while 85 per cent are located in Grade-A assets, highlighting a strong preference for high-quality, sustainable workspaces.

City-level data reflects this trend. Mumbai leads with 98 per cent of GCC bases in Grade-A flex buildings, followed by Hyderabad and NCR at 94 per cent and 93 per cent respectively. Green-certified adoption among GCCs is strongest in NCR at 81 per cent, followed by Hyderabad at 72 per cent and Mumbai at 68 per cent.

GCC expansion is also driving flex growth beyond central business districts. Peripheral business districts now account for 77 per cent of flex space occupied by GCCs, compared to 61 per cent of overall flex stock, driven by better connectivity, competitive rentals and campus-style developments.

Commenting on the trend, Shrinivas Rao, CEO, Vestian, said flex operators have become indispensable partners for GCCs by offering faster market entry, flexibility and enterprise-grade infrastructure required for rapid scaling.

India’s flex market has expanded to 82.3 million sq ft across nearly 1,400 centres in the top seven cities, with the top 10 operators controlling 67 per cent of total stock. Bengaluru leads with a 33.2 per cent share, followed by NCR at 20.4 per cent and Pune at 14.7 per cent. Vestian projects India’s flex stock to exceed 100 million sq ft by 2026, supported by sustained GCC demand and continued upgrades toward premium, sustainable office environments.

India has emerged as a key global hub for Global Capability Centres (GCCs), with flex offices playing a growing role in meeting enterprise demand for speed, scalability and quality. According to Vestian Research, India hosts over 1,750 GCCs operating through nearly 3,800 bases, accounting for more than 40 per cent of total office space demand over the past two years. Of the 1,400 flex centres across major Tier-1 cities, more than 475 currently house GCC operations. As GCCs become dominant occupiers, they are accelerating premiumisation within the flex segment. Across the top seven cities, 42 per cent of flex centres are green-certified and 69 per cent are located in Grade-A buildings. In contrast, around 62 per cent of GCC bases in flex spaces operate from green-certified centres, while 85 per cent are located in Grade-A assets, highlighting a strong preference for high-quality, sustainable workspaces. City-level data reflects this trend. Mumbai leads with 98 per cent of GCC bases in Grade-A flex buildings, followed by Hyderabad and NCR at 94 per cent and 93 per cent respectively. Green-certified adoption among GCCs is strongest in NCR at 81 per cent, followed by Hyderabad at 72 per cent and Mumbai at 68 per cent. GCC expansion is also driving flex growth beyond central business districts. Peripheral business districts now account for 77 per cent of flex space occupied by GCCs, compared to 61 per cent of overall flex stock, driven by better connectivity, competitive rentals and campus-style developments. Commenting on the trend, Shrinivas Rao, CEO, Vestian, said flex operators have become indispensable partners for GCCs by offering faster market entry, flexibility and enterprise-grade infrastructure required for rapid scaling. India’s flex market has expanded to 82.3 million sq ft across nearly 1,400 centres in the top seven cities, with the top 10 operators controlling 67 per cent of total stock. Bengaluru leads with a 33.2 per cent share, followed by NCR at 20.4 per cent and Pune at 14.7 per cent. Vestian projects India’s flex stock to exceed 100 million sq ft by 2026, supported by sustained GCC demand and continued upgrades toward premium, sustainable office environments.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement