GCCs creating demand for Grade A realty
Financial Express Mumbai|October 02, 2023
COMMERCIAL REAL ESTATE entity RMZ Corp said players like UPS Technologies, Haleon, Planview APAC, Booking Holding and Nielsen are among those who have leased over 5 million sq ft to set up their global capabilities centres (GCCs) in India in a span of 18 months.
BINDU D MENON
GCCs creating demand for Grade A realty

The company also said it is in advanced stages to enter the Delhi-NCR with large size commercial projects to expand its footprint.

"India continues to be one of the most favourable destinations for GCCs with availability of talent. The GCC market has grown at a steady pace and over 500 GCCs are expected to be added in India in the coming years," Thirumal Govindraj, senior managing director, Executive Board, RMZ Corp told FE.

He said the company has leased over 5 mn sq ft across its portfolio, added 38 new tenants for the GCC business.

Govindraj said most GCCs initially take up about 100,000-150,000 sq ft of space to start with and depending on their business prospects they could go from half a million to 1 million sq ft of space.

This story is from the October 02, 2023 edition of Financial Express Mumbai.

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This story is from the October 02, 2023 edition of Financial Express Mumbai.

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