Global Capability Centres Boost Real Estate Demand in India, Surpassing Pre-Covid Levels
Global capability centres (GCCs) are playing a major role in driving the demand for office spaces in India. These centres, which serve as operational hubs for international companies, are booming due to India’s skilled workforce and lower operational costs compared to other countries. As a result, the demand for commercial real estate has increased significantly, surpassing the levels seen before the Covid-19 pandemic.
The reason behind this growth is clear: India offers a large pool of talented professionals, making it an attractive destination for businesses looking to expand their operations. Additionally, the cost of running operations in India remains more affordable compared to other parts of the world, which is another factor that encourages companies to set up or expand their GCCs in the country.
This trend highlights India’s economic resilience and its growing importance as a key business hub globally. As a result, more companies are looking to India for their business needs, further increasing the demand for office spaces and contributing to the recovery of the real estate market.
