India's GCC Leasing Market Witnesses 17% Growth in FY2023-24
The Indian leasing market has seen significant growth
GccLeasing MarketIndiaReal EstateOutsourcingReal Estate NewsMay 28, 2024
Bengaluru emerged as the top destination, accounting for around 60% of the total GCC leasing share in January-March 2024, followed by Hyderabad with 26% and Delhi NCR with 9%. Mumbai and Pune contributed 4% and 1% each to the total leasing share.
The growth in leasing by GCCs is a testament to India's increasing attractiveness as a outsourcing destination for global companies. GCCs are centres set up by companies to take advantage of India's talent pool and cost competitiveness.
India has emerged as a preferred destination for Global Capability Centres (GCCs) due to its large talent pool, cost competitiveness, and business-friendly environment. GCCs are centres set up by companies to take advantage of India's resources and expertise.
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Frequently Asked Questions
What is the growth rate of GCC leasing in India in FY2023-24?
The GCC leasing in India witnessed a 17% growth rate in FY2023-24
Which city accounted for the maximum GCC leasing share in January-March 2024?
Bengaluru accounted for around 60% of the total GCC leasing share in January-March 2024
What is driving the growth of GCCs in India?
The growth of GCCs in India is driven by the country's large talent pool cost competitiveness and business-friendly environment
What is the total leasing area by GCCs in FY2023-24?
The total leasing area by GCCs in FY2023-24 is 22 5 million square feet
Which other cities contributed to the GCC leasing share in January-March 2024?
Hyderabad Delhi NCR Mumbai and Pune contributed to the GCC leasing share in January-March 2024 apart from Bengaluru
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