Global Capability Centres (GCCs), offshore units of multinational corporations with a global presence, are poised to be the primary drivers of office space occupancy in India. According to a report by CBRE, these centers are projected to lease between 60-62 million square feet of office space between 2023 and 2025.
India offers the best cost and talent attractiveness score among the top emerging GCC hubs including Brazil, Chile, China, Czech Republic, Hungary, Philippines, and Poland. By 2025, it is estimated that there will be 1900 operational GCCs in the country from the current 1580. Similarly, the number is expected to reach 3,000 by 2030 with GCCs employing over 3 million workforce, up from 1.3 million
Proptech startup Altre has raised $1million in a pre series A round to grow technology, capability and teams across the country. Altre is a B2B fulfilment marketplace for commercial real estate. It is Indias first digital brokerage platform servicing a Pan India footprint for enterprise clients.