<ul data-eligibleForWebStory="false"><li>Leasing of office spaces to set up Global Capability Centres increased by 24% in the last fiscal year to 31.8 million square feet across seven major cities, according to a report by real estate consultant Vestian.</li><li>Global Capability Centres accounted for 42% of the pan-India absorption in 2024-25, up from 41% in the previous year, as per Vestian's report.</li><li>GCCs have been a significant growth driver for India's office market due to cost optimization strategies, skilled talent pool, infrastructure development, government policies, and business-friendly environment.</li><li>Major players in the Indian office market include DLF Ltd., Embassy Group, Prestige Group, RMZ Group, Tata Realty & Infrastructure Ltd, and REITs like Mindspace Business Parks REIT, Brookfield India Real Estate Trust, and Embassy Office Parks REIT.</li></ul>

Office Space Demand From GCCs Rises 24% In FY25 To Nearly 32 Million Square Feet: Vestian

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