SBI Bets Big On Airoli To Expand GCC Operations
ECONOMY & POLICY

SBI Bets Big On Airoli To Expand GCC Operations

State Bank of India has taken a lease for 0.135 mn square feet at Airoli to expand its global capability centre (GCC) operations. The space will be used to scale back?office services and technology functions that support the bank's domestic and international business lines. The move follows broader corporate trends of consolidating technology and shared services into regional hubs.

Located in the Navi Mumbai node, Airoli notably offers direct road and rail links into the Mumbai metropolitan region and access to a large pool of technology professionals. The lease represents a measured investment in mid?market office stock as firms balance hybrid working models with the need for collaborative facilities. It is expected to enable phased migration of operations and to provide capacity for near term staff growth.

The bank's decision to expand its GCC is consistent with recent activity by financial services companies seeking additional capacity outside central business districts. Organisers of corporate real estate note that locations such as Airoli are increasingly attractive for their relative affordability and development pipeline. The leased area of 0.135 mn square feet positions the bank to house several hundred roles across technology, operations and support functions subject to internal staffing plans. This approach allows incremental occupancy and operational continuity during transition.

Market observers view the transaction as a sign of continued demand for office space that supports digital transformation in the banking sector. The expansion is likely to sustain ancillary economic activity in the local economy through services and supply chains tied to office operations. The bank will proceed with fit?outs and a phased move in keeping with its operational requirements and timelines.

State Bank of India has taken a lease for 0.135 mn square feet at Airoli to expand its global capability centre (GCC) operations. The space will be used to scale back?office services and technology functions that support the bank's domestic and international business lines. The move follows broader corporate trends of consolidating technology and shared services into regional hubs. Located in the Navi Mumbai node, Airoli notably offers direct road and rail links into the Mumbai metropolitan region and access to a large pool of technology professionals. The lease represents a measured investment in mid?market office stock as firms balance hybrid working models with the need for collaborative facilities. It is expected to enable phased migration of operations and to provide capacity for near term staff growth. The bank's decision to expand its GCC is consistent with recent activity by financial services companies seeking additional capacity outside central business districts. Organisers of corporate real estate note that locations such as Airoli are increasingly attractive for their relative affordability and development pipeline. The leased area of 0.135 mn square feet positions the bank to house several hundred roles across technology, operations and support functions subject to internal staffing plans. This approach allows incremental occupancy and operational continuity during transition. Market observers view the transaction as a sign of continued demand for office space that supports digital transformation in the banking sector. The expansion is likely to sustain ancillary economic activity in the local economy through services and supply chains tied to office operations. The bank will proceed with fit?outs and a phased move in keeping with its operational requirements and timelines.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

HCC Secures Rs 5.24 Billion NHPC Contract in Jammu & Kashmir

Hindustan Construction Company Limited (HCC) has secured a Rs 5.24 billion contract from NHPC Limited for works at the Salal Power Station in Jammu & Kashmir.The project involves civil and hydro-mechanical works, along with associated ancillary and enabling works, to make the undersluices of the concrete dam fully functional and operational. The contract is scheduled to be completed within 27 months.The rehabilitation of the undersluices is expected to improve the operational efficiency of the Salal Power Station, enhance sediment management and strengthen the long-term safety and reliabil..

Next Story
Infrastructure Urban

Hindustan Zinc Says 10% of Leaders Are Under 35

Hindustan Zinc is seeing a growing number of young professionals move into decision-making roles, with 10% of its leaders now under the age of 35. The company highlighted the trend as part of International Youth Day 2026.More than 62% of Hindustan Zinc's workforce is under 35, while its gender diversity ratio stands at 26.3%. Young employees are taking on responsibilities across mining, manufacturing, technology, sustainability and business leadership.The company hired nearly 700 young professionals over the last two financial years, including 335 campus recruits in FY26 through its VLDP, GET,..

Next Story
Infrastructure Urban

Bentley Innovation Day Highlights Digital Infrastructure in India

Bentley Systems hosted Bentley Innovation Day in Ahmedabad, bringing together infrastructure leaders, engineers, consultants, contractors and technology experts to discuss how digital engineering, artificial intelligence and connected data are transforming infrastructure development in India.The event featured keynote presentations, customer case studies and technical sessions focused on accelerating digital transformation across the infrastructure lifecycle. Discussions covered integrated digital workflows, reality modelling, AI-assisted engineering and infrastructure digital twins to improve..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement