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GCCs to boost real estate demand in tier 2, 3 cities
The Morning Standard
|September 07, 2025
THE rise of Global Capability Centers (GCCs) and IT parks in Tier 2 and 3 cities is emerging as a major growth driver for the real estate sector, with developers and consultancy firms anticipating a sharp surge in both residential and commercial demand. In South India alone, developers expect a 15-20% annual growth in residential real estate over the next few years.
Junaith Babu, COO of Chennai-based developer G Square, said: "We expect 15-20% annual growth in residential real estate demand across leading Tier 2 and 3 hubs in South India. Demand for plotted developments is particularly strong, often delivering 20-25% annual price rise in cities like Coimbatore and Trichy." According to Peush Jain, MD, Commercial Leasing & Advisory, Anarock Group, over 200 GCCs have al
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