India’s office market is experiencing a surge, fueled largely by the expansion of US companies. Between 2022 and 2024, American firms leased a staggering 64 million square feet of office space across India’s top cities. This represents a significant portion of the overall demand, with Bengaluru emerging as the clear leader.
A remarkable 70% of this US-driven leasing activity is attributed to the establishment and expansion of Global Capability Centers (GCCs). These centers, primarily within the technology and BFSI (Banking, Financial Services, and Insurance) sectors, are attracted by India’s large pool of skilled professionals and its increasingly business-friendly environment.
The phenomenal growth in GCCs underscores India’s position as a global hub for technological innovation and financial services. This trend highlights the significant impact US investment is having on the Indian economy, particularly in driving employment and infrastructure development.
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