Hyderabad has more than 515 GCCs employing over three lakh professionals, accounting for nearly 20 per cent of India's GCC base, the report said. — Representational Image

Hyderabad: Hyderabad's expanding Global Capability Centre (GCC) ecosystem could generate 8–12 million sq. ft. of additional office demand over the next three to five years, according to a report by Anarock Research and Advisory and FICCI.

The report, Hyderabad: The Rise of a Global Capability Powerhouse, was unveiled at the 'FICCI India Next Growth Frontier Hyderabad ' conference on Thursday. It estimates that the city could add 50–70 GCCs and more than 75,000 high-skilled jobs over the next few years.

Flex and managed workspace could generate another 2–3 million sq. ft. of potential demand, particularly across western Hyderabad and established IT corridors. The growth is expected to support demand for Grade A, amenity-rich and technology-enabled offices.

Hyderabad has more than 515 GCCs employing over three lakh professionals, accounting for nearly 20 per cent of India's GCC base, the report said.

The city added more than 70 GCCs in FY25, compared with 30–35 in Bengaluru, 15–20 in Pune and 12–15 in Chennai.

GCC leasing rose from about 1.9 million sq ft in 2021 to 4.5 million sq. ft. in 2025. Another 3.05 million sq. ft. was absorbed by GCCs in H1 2026.

“GCC leasing in Hyderabad has more than doubled in four years, reflecting the city's growing appeal as a global capability hub," said Anuj Puri, chairman, ANAROCK Group.

The ecosystem is also becoming more diversified, spanning IT-ITeS, BFSI, pharma and life sciences, semiconductors, aerospace and defence, automotive and engineering, healthcare, consumer and retail, and media technology. Functions include AI and machine learning, cloud engineering, product development, cybersecurity, analytics, R&D and digital transformation.

Hyderabad has about 125 million sq. ft. of Grade A office stock, nearly 15 per cent of India's inventory, with another 36 million sq. ft. in the pipeline.

Office completions moderated from 17.1 million sq. ft. in 2022 to about 3 million sq. ft. in H1 2026. Net absorption stood at 8.5 million sq. ft. in 2025 and 5.2 million sq. ft. in H1 2026.

Vacancy declined from 26.3 per cent in 2025 to 23.5 per cent in H1 2026. Average office rentals were about ₹75 per sq. ft. per month, below the pan-India average of ₹96.

The western corridor covering Hitec City, Madhapur, Gachibowli, Financial District and Kokapet remains the principal commercial cluster, supported by existing office stock, infrastructure and talent.

The report puts Hyderabad's IT workforce at about one million, with more than four lakh STEM graduates annually. It also points to a shift in GCC operations from traditional support functions towards R&D, engineering, analytics, digital and corporate functions.


GCC Demand

Hyderabad has 515-plus GCCs today.

GCCs employ more than three lakh professionals.

70-plus GCCs were added in FY25.

8–12 mn sq. ft. demand is projected.

2–3 mn sq. ft. flex demand is possible.

125 mn sq. ft. is current Grade A stock.

36 mn sq. ft. is in the pipeline.

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