India's economic ascent is increasingly anchored in its rapidly evolving real estate ecosystem. As urbanisation accelerates and the services economy matures, the demand for institutional-grade office spaces, retail hubs, and mixed-use developments is rising. The market size of Indian real estate is projected to reach US $1tn by 2030, increasing the sector's GDP contribution from 7.3% to 15.5%. This expansion is being fuelled by a robust demand for quality office infrastructure, growing Global Capability Centres (GCCs), a strong government push for formalisation, and India's rise as a global outsourcing and consumer hub.
Notably, GCCs play a key catalyst in the real estate industry transformation: India is now home to ~ 1,600 GCCs, with projections suggesting this number could exceed 2,000 by 2026, according to NASSCOM. These centres are driving demand for premium office real estate beyond metros into Tier 2 cities, creating a sustained requirement for high-grade commercial spaces. S…
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