Bengaluru recorded over 12 million square feet of GCC leasing in 2025, far ahead of its nearest competitors — Pune with 4.8 million square feet and Hyderabad and NCR with 4.5 million square feet.
Capturing more than one-third of the country’s total Global Capacity Centre (GCC) leasing, Bengaluru has continued to lead India’s GCC landscape maintaining a clear edge over other markets, notes the latest FICCI-ANAROCK report.
According to “Workplaces 2025: India Commercial Real Estate Reimagined”, GCCs accounted for nearly 40% of office leasing across India’s top cities in 2025, with Bengaluru alone capturing more than one-third of the country’s total GCC leasing.
The city recorded over 12 million square feet of GCC leasing in 2025, far ahead of its nearest competitors — Pune with 4.8 million square feet and Hyderabad and NCR with 4.5 million square feet.
Far ahead
With the presence of 875 GCC centres, Bengaluru holds a share of more than 35% of India’s GCC leasing activity in 2025.
“While all the other cities have witnessed steady gains, none come close to Bengaluru’s scale or consistency. With its deep technology base, diverse talent pool, and established innovation clusters along the Outer Ring Road, Whitefield, and North Bengaluru, the city remains the epicentre of India’s GCC growth story, continuing to attract the world’s top enterprises for long-term expansion,” notes the report.
Demand drivers
The report also identified that the city saw the addition of 13.5 million square feet of new office supply in 2025 and accounted for 26% of completions across the top seven cities. Bengaluru currently has approximately 215 million square feet of Grade A office stock.
“Bengaluru’s office absorption has grown steadily, rising from 7.7 mn sq ft in 2021 to 14.93 mn sq ft in 2025, supported by strong occupier demand. Its share among the top seven cities has largely stayed between 24% and 30%, reflecting the city’s consistent appeal through 2025 as well,” said the report.
The demand is primarily driven by IT-ITeS sector, coworking operators and manufacturing and industrial segments.
While IT-ITeS contributed close to 35% of the leasing activity in 2025, the share of co-working operators remained steady at 25%.
Priyank Kharge, Minister for Electronics, IT, BT and S&T, Government of Karnataka, remarked that Karnataka’s growth as India’s leading innovation and GCC hub is the outcome of consistent policy focus, ecosystem building and execution on the ground.
“Our emphasis has been on strengthening the startup pipeline, attracting global technology investments, and building world-class, sustainable infrastructure. The strong performance in startup funding and the continued dominance of Bengaluru in GCC-led office absorption reflect the confidence global companies and investors have in Karnataka’s vision for a future-ready, innovation-led economy,” he said.
Congestion, slow Metro expansion flagged
The report, which identifies its startup and GCC ecosystems, strong office demand, skilled workforce, quality infrastructure and government support as strengths of Bengaluru, also highlights the city’s weaknesses.
These include traffic congestion, high rentals in prime areas such as CBD & Outer Ring Road, infrastructure gaps such as slow Metro expansion, dependence on groundwater and erratic power supply.
source/content: thehindu.com (headline edited)