How Managed Workspaces are Powering India’s GCC Engine
India’s commercial real estate market is experiencing a significant transformation, marked by record leasing volumes, minimal vacancies, and sustained demand from global enterprises and Global Capability Centers (GCCs). These trends highlight the country's growing importance as a strategic hub for business expansion and operational excellence.
Jamshed Taraporwala, Executive Director of Enterprise Sales & BD at Table Space, discusses the key factors driving this momentum. According to Taraporwala, the strong net absorption of office space underscores the continuous talent onboarding, reaffirming India’s position as a global hub for enterprise and GCC capabilities.
One of the primary drivers of this growth is the competitive real estate and operating costs in India. Despite currency shifts, the country continues to offer cost-effective solutions that make rapid market entry highly feasible for global enterprises. This cost advantage, combined with a robust talent pool, enables companies to scale their operations efficiently and effectively.
India boasts 28% of the global STEM talent, making it an unparalleled destination for talent acquisition. The ability to scale hiring rapidly further enhances India’s appeal as a strategic location for GCCs. This talent depth, coupled with the country’s evolving real estate landscape, provides a solid foundation for global enterprises to operationalize at speed.
The evolution of India’s real estate market has been complemented by the rise of flexible workspace models. These models offer businesses the flexibility to adapt to changing needs, whether it’s expanding or downsizing. This adaptability is crucial in today’s dynamic business environment, where companies need to be agile and responsive to market changes.
Moreover, the strategic importance of India extends beyond being a cost center. The country is increasingly being recognized as a true capability and performance engine. The combination of competitive costs, unmatched talent depth, and flexible workspace solutions positions India as the strategic backbone for global GCC expansion. This shift in perception reflects a broader understanding of India’s potential to drive innovation and growth for multinational corporations.
In summary, the convergence of robust talent, flexible workspace models, and competitive costs makes India an ideal location for global enterprises and GCCs. As the country continues to evolve, it is poised to play a pivotal role in shaping the future of global business operations.
