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May 23, 2025•5 min read
Global Expansion: Real Estate Considerations for Growing Companies
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How GCCs are shaping the Real Estate landscape in India.
The growth of Global Capability Centres (GCCs) is reshaping the business landscape in India. As offshore units of multinational corporations, GCCs are set to lease an impressive 60-62 million sqft of office space in India between 2023-25. Despite this rapid expansion, 80% of the Global 2000 firms do not yet have a GCC presence in India, presenting a substantial growth opportunity.
This trend is driven by the technology, BFSI (Banking, Financial Services, and Insurance), and engineering and manufacturing sectors, with additional expansion anticipated in life sciences, automotive, and aviation.
By 2025, India is projected to have 1,900 operational GCCs, up from the current 1,580. This number is expected to reach 3,000 by 2030, employing over 3 million people. During this period, GCC leasing is anticipated to account for 35-40% of overall office leasing, highlighting the robust demand for commercial real estate.
“GCC leasing is anticipated to account for 35-40% of overall office leasing.”
Altre: Revolutionizing the GCC Space in India
At the forefront of this transformation is Altre, a company revolutionizing the GCC landscape in India. In 2024 alone, Altre transacted over 4,300 seats across the country, setting new benchmarks and raising industry standards. Here's how Altre is making a significant impact:
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90% Decrease in Turn-Around Time: Altre's efficient processes and innovative solutions have drastically reduced the time required for transactions, making the process faster and more efficient.
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Centralized Market Inventory: By centralizing market inventory, Altre provides a comprehensive and up-to-date overview of available office spaces, simplifying the search and selection process for businesses.
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Transparent Selection and Negotiation System: Altre ensures transparency in the selection and negotiation process, building trust and fostering better relationships between landlords and tenants.
The Future of Commercial Real Estate and Technology
Altre is not just shaping the future of GCCs in India but also setting new standards in the commercial real estate and technology sectors. Their innovative approach and commitment to excellence are driving industry-wide transformation.
India's GCC boom is paving the way for unparalleled growth and innovation. The future is bright, and with leaders like Altre, the journey is bound to be extraordinary.
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