Office leasing in India at record high

Global Capability Centres (GCC)—offshore units that handle the parent's business processes—accounted for over a third of the "record-breaking" 77.2 million sq. ft of office space leased in India's key cities last year, according to Jones Lang LaSalle (JLL).

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"Global Capability Centres have emerged as the backbone of this surge," Samantak Das, chief economist and head of research and REIS, India, JLL, said in the report. They leased about 28 m