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GCCs Fuel Premium Play in Office Space
Business Standard
|May 26, 2025
Global capability centres (GCCs) are fuelling the premiumisation of India's office real estate market, driven by their demand for Grade-A, ESG-compliant buildings equipped with advanced smart technology systems—critical to achieving their sustainability goals.
ESG stands for environmental, social and governance.
GCCs are opting for premium real estate, not only to bolster brand reputation, but to attract and retain top talent, improve operational efficiency, and enhance employee productivity. These standards have made their office selection process more stringent than ever.
This growing demand has had a positive impact on the Indian office market. It has also led to a surge in premium office space, higher penetration of green-certified buildings, and increased rental values across the top commercial hubs—benefiting developers significantly.
This story is from the May 26, 2025 edition of Business Standard.
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