Hyderabad’s expanding Global Capability Centre ecosystem could generate 8 to 12 million sq ft of additional office demand over the next three to five years, a report by Anarock Research and Advisory and FICCI has found.
The report, titled Hyderabad: The Rise of a Global Capability Powerhouse, was released at the FICCI India Next Growth Frontier Hyderabad conference. It estimates the city could add 50 to 70 GCCs and more than 75,000 high-skilled jobs, while flex and managed workspace could account for a further 2 to 3 million sq ft of demand. The centres span technology, engineering, BFSI, life sciences, analytics, consulting and digital operations.
Hyderabad already hosts more than 515 GCCs employing over 3,00,000 professionals, close to a fifth of India’s GCC base. The city added more than 70 GCCs in FY25, the highest among the major destinations, ahead of Bengaluru at 30 to 35, Pune at 15 to 20 and Chennai at 12 to 15. GCC leasing rose from about 1.9 million sq ft in 2021 to 4.5 million sq ft in 2025, with 3.05 million sq ft of GCC absorption in the first half of 2026.
“GCC leasing in Hyderabad has more than doubled in four years, reflecting the city’s growing appeal as a global capability hub,” said Anuj Puri, Chairman, ANAROCK Group. He added that the expansion is already translating into significant real estate demand.
The western corridor, comprising HITEC City, Gachibowli, Financial District and Kokapet, is expected to remain the core of the city’s commercial expansion, supported by Grade A stock, infrastructure and access to talent. In the first half of 2026, Grade A rents stood at Rs 75 to 115 per sq ft a month in HITEC City, Rs 90 to 110 in Madhapur and Rs 60 to 90 in Gachibowli.
The city’s average office rental, at around Rs 75 per sq ft a month, sits below the pan-India average of Rs 96, giving occupiers a cost advantage. Hyderabad has an estimated one million-strong IT workforce and produces more than 4 lakh STEM graduates a year. For talent and workforce planners, the projected 75,000 high-skilled jobs point to sustained hiring competition across technology, BFSI and life sciences roles.
