NEW DELHI: Chennai hosts over 250 global capability centre (GCC) units currently, which is expected to reach around 450-460 units by 2030, according to a report by CBRE.
The city has witnessed GCC office absorption increasing from 1.4 million sq ft in 2022 to 2.3 million sq ft in the first nine months of 2024.
It is projected that the global capability centre (GCCs) would lease 3-3.2 million sq ft in 2025 in Chennai. GCC talent pool in the city is projected to grow by 1.4X, reaching 3.2 lakh-3.7 lakh by 2030.
Chennai is ranked third in global capability centre (GCC) leasing activity in India after Bengaluru and Hyderabad during the period from 2022-September 2024.
Ram Chandnani, managing director, advisory & transaction services, CBRE India, said, “The government recently announced GCC-specific policies which would aid the growth of such facilities in the state. Additionally, the state’s policies on fintech, R&D, startups, and semiconductors offer attractive incentives, further enhancing its appeal as a destination for established and emerging firms.”
Chennai is India’s fifth-largest office market, with over 90 million sq ft of office stock as of 2024 (YTD). Between 2025 and 2026, the city is set to add 12–13 million sq ft of premium office space.
As per the report, total office stock in the city is expected to surpass 100 million sq ft by 2026.
