A recent joint report by CBRE and Zyoin highlights this trend, revealing that since 2022, global companies have leased nearly 53 million square feet of office space in key cities such as Bengaluru, HyderabadChennai, Pune, Delhi-NCR and Mumbai to establish and expand their CCG.
India’s commercial real estate sector is experiencing unprecedented growth, largely driven by the rapid expansion of Global Capacity Centres (GCCs).
Sanchit Bhutani, Managing Director, Group 108, also highlighted the potential of Delhi-NCR, particularly around the Noida Expressway. “The report shows a positive outlook for the Delhi-NCR commercial space market in India. In particular, the area around the Noida Expressway indicates increased potential, driven by demand for office spaces and retail outlets. Major infrastructure developments such as the Noida International Airport “The growth of the commercial real estate sector has continued to strengthen. As global companies expand their presence in the region, this trend encourages developers to create more specialized and premium office spaces, catering to the unique needs of various industries and enhancing the overall vibrancy of India’s commercial real estate landscape.”
In it Delhi-NCR In the region, particularly around the Noida Expressway and Gurugram, this demand is changing the business landscape. Harinder Singh Hora, Founder Chairman, Reach Group, said, “Gurugram’s office market is going through a transformational phase, driven by a perfect storm of factors. Robust infrastructure development coupled with a thriving startup ecosystem and increasing adoption of advanced technologies is attracting global corporations. As the city evolves into a digital hub, demand for innovative and sustainable workspace solutions is increasing. This dynamic environment is driving Gurugram to become a leading business hub in India and a global business destination.”
Salil Kumar, Director, Marketing & Business Management, CRC Group, notes that rental growth in the Gulf countries is particularly strong for Grade A office spaces. “The increased demand for Grade A office spaces will not only boost rental prices in prime locations in Delhi-NCR but will also catalyse new developments, further strengthening the commercial real estate sector. As global companies secure large office spaces for their Gulf countries in India, we foresee sustained demand for commercial spaces, encouraging developers to develop and deliver future-ready office spaces.”
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