Hyderabad is rapidly transitioning from a traditional IT-ITeS destination into a diversified global capability powerhouse, with the city’s expanding Global Capability Centre (GCC) ecosystem emerging as a major driver of office demand, talent creation and commercial real estate growth, according to a new report titled ‘Hyderabad: The Rise of a Global Capability Powerhouse’ by Anarock Research & Advisory and FICCI. It was unveiled by knowledge partners Anarock at the FICCI India Next Growth Frontier Hyderabad 2035: India’s Global Capability Capital conference held in the city today.

GCCs, IT-ITeS firms, BFSI, flex operators and allied services will have a significant impact on Hyderabad’s future commercial real estate landscape, with approx. 8-12 Mn sq ft of additional office demand over next 3-5 years.

The city could also see:

• 50-70 additional GCCs across technology, engineering, BFSI, life sciences, analytics, consulting and digital operations.
• 2-3 Mn sq. ft. of potential flex and managed workspace demand, particularly across western Hyderabad and established IT corridors.
• 75,000+ high-skilled jobs potentially generated through GCC expansion, technology-led sectors and higher-value corporate functions.
• Greater occupier preference for Grade A, ESG-compliant, amenity-rich and technology-enabled offices, supporting premium rentals for institutional-quality assets.

Currently, with 515+ GCCs employing more than 3 lakh professionals, Hyderabad now accounts for nearly 20% of India’s GCC base. The city added 70+ new GCCs in FY25 – the highest among the major GCC destinations – Bengaluru, Pune, and Chennai – underscoring its growing attractiveness to multinational enterprises seeking technology, engineering, BFSI, life sciences and other high-value capabilities.

Anuj Puri, Chairman – Anarock Group, says, “This GCC expansion is already translating into significant real estate demand in the city. The report highlights that GCC office leasing in Hyderabad increased from 1.9 Mn sq. ft. in 2021 to 4.5 Mn sq. ft. in 2025, while the city recorded 3.05 Mn sq. ft. of GCC absorption in H1 2026 alone. The sustained leasing momentum reflects the deepening of Hyderabad’s GCC ecosystem and the increasing preference of global enterprises to establish larger and more sophisticated operations in the city.”

From Back-office Destination to Global Hub