Hyderabad is gaining ground as a GCC hub, with rising office leasing and premium rentals narrowing its gap with Bengaluru in India's commercial real estate market.
CIBC leases 1.21 lakh sq ft of managed office space in Hyderabad for its GCC in a five-year deal valued at around ₹180 crore.
JLL has opened a new Global Capability Centre in Hyderabad and plans to expand its workforce to 1,600 as it strengthens global technology and business operations.
Target has signed a ₹1,250 crore office lease in Bengaluru, expanding its India GCC and reinforcing the city's leadership in global capability centre growth.
Airbnb has leased 46,437 sq ft in Gurugram's DLF Cyber City, highlighting India's growing role as a global capability centre destination.
