Hyd’s GCC boom set to drive 8-12 million sqft office space demand in 3-5 years | Hyderabad News

Hyderabad: The city’s growing appeal as a global capability centre (GCC) hub is expected to generate an additional 8-12 million sq ft of office space demand over the next three to five years, as global companies expand their technology, engineering, research and corporate operations in the city.According to a latest report ‘Hyderabad: The Rise of a Global Capability Powerhouse’ by Anarock Group, GCC leasing activity in Hyderabad has more than doubled in recent years, rising from around 1.9 million sq ft in 2021 to 4.5 million sq ft in 2025. The momentum has continued into 2026, with GCCs already accounting for more than 3 million sq ft of leasing in the first half of the year.The city currently hosts over 515 GCCs employing over three lakh professionals, accounting for nearly 20% of the country’s total GCC ecosystem, with 75,000+ high-skilled jobs. The city also added 70+ new GCCs in FY25 — the highest among the major GCC destinations which Bengaluru, Pune, and Chennai.The GCC expansion is also expected to boost demand for flexible and managed office spaces. Anarock estimates that Hyderabad could see 2-3 million sq ft of potential flex and managed workspace demand over the next two to three years.“This GCC expansion is already translating into significant real estate demand in the city. The sustained leasing momentum reflects the deepening of Hyderabad’s GCC ecosystem and the increasing preference of global enterprises to establish larger and more sophisticated operations in the city,” said Anuj Puri, chairperson of Anarock Group.V V Rama Raju, chairperson, FICCI Telangana State Council and founder & managing director, Gaja Engineering said that Hyderabad’s GCC proposition is broadening well beyond conventional IT-ITeS functions. “Technology and software remain core demand drivers, but the ecosystem has expanded significantly across BFSI, pharma and life sciences, semiconductors, aerospace and defence, automotive and engineering, healthcare, consumer and retail, and media and sports technology,” he added.