Bengaluru emerges as top market for GCCs, holds highest share in IT/ITeS

BENGALURU: Bengaluru has emerged as the top market for Global Capability Centres (GCCs) occupying flexible office spaces, accounting for 41 per cent of GCC-focused flex seats across India’s major markets, according to Knight Frank India’s latest report.

Titled ‘GCC — Driving India’s Real Estate Growth Story’, the report shows that GCC flex space occupancy across eight cities rose from 17,380 seats in 2023 to 22,881 seats by September 2024, with Bengaluru’s large share underscoring its position as a tech and corporate hub.