The Economic Times

Foreign firms lease record 9.1 mn sq ft office space in Jan-Mar to set up GCCs in India: CBRE

Foreign companies leased a record 9.1 million square feet of office space in India's top nine cities last quarter. This surge was driven by the establishment of Global Capability Centres. Overall office space demand rose five percent. Bengaluru, Delhi-NCR, and Mumbai led the leasing activity. This trend indicates India's growing importance as a global hub for complex business functions.