Pune: GCC Office Leasing in 2025 saw Pune emerge as India’s second-largest market for Global Capability Centres (GCCs), marking a landmark year for the city’s office real estate sector, according to Cushman & Wakefield.
The strong performance underscores Pune’s growing strategic relevance within India’s GCC landscape, driven by scale, sector depth, and a maturing occupier ecosystem.
GCC Office Leasing in 2025 Doubles in Pune with 100% Year-on-Year Growth
According to Cushman & Wakefield’s latest office market data, GCC gross leasing volume (GLV) in Pune reached 5.43 million sq. ft. in 2025, compared to 2.71 million sq. ft. in 2024, registering a 100% year-on-year increase.
With this growth, Pune climbed two positions from 2024 rankings, overtaking Hyderabad and Chennai to secure the second position among India’s top eight cities, while Bengaluru retained the top spot.
Nationally, GCCs recorded 29.3 MSF of office leasing in 2025, accounting for 33% of total gross leasing volume across India.
Within this broader national performance, Pune stood out, with GCCs contributing 55% of the city’s total office leasing of approximately 10 MSF.
Also Read: Workplaces 2025: India to Host 2,400 GCCs and 2.8 Million Jobs by 2030, Says FICCI-ANAROCK
GCC Office Leasing in 2025: Sectoral Mix Strengthens Pune’s GCC Ecosystem
From a sectoral perspective, Engineering & Manufacturing led GCC leasing demand in Pune, accounting for 41% of total GCC leasing activity.
This was followed by BFSI at 29% and IT-BPM at 18%. Other sectors contributing to GCC activity included:
- Healthcare & Pharmaceuticals – 5%
- Telecom & Media – 3%
- Professional Services – 1%
- Others – 4%
This distribution reflects Pune’s ability to support large-scale engineering and manufacturing mandates alongside financial services and technology-driven operations, reinforcing a balanced and resilient GCC ecosystem.
The average deal size stood at approximately 78,784 sq. ft., highlighting the increasing scale and maturity of GCC operations in the city.
GCC Office Leasing in 2025: Sector-wise GCC Leasing Share in PuneSector Share Engineering & Manufacturing 41% BFSI 29% IT-BPM 18% Healthcare & Pharmaceuticals 5% Telecom & Media 3% Others 4% Professional Services 1% Total 100%
Also Read: Pune Real Estate Market H2 2025 Driven by GCCs as Housing Enters Consolidation Phase
Industry View on GCC Office Leasing in 2025
Moinuddin Patel, Managing Director- Pune, Cushman & Wakefield, said: “Pune’s rise as the second-largest GCC market for 2025 reflects its growing strategic importance within India’s office landscape. The city offers a strong combination of modern office infrastructure, a well-established IT–ITES base, and a mature engineering and manufacturing ecosystem. This is complemented by a deep talent pool from leading technical institutions, cost advantages, and improving connectivity.
Proximity to Mumbai and improved access through the upcoming Navi Mumbai International Airport further enhance Pune’s appeal for global enterprises. Importantly, Grade A office supply in the city expanded significantly in 2025, providing the capacity required to support this next phase of GCC growth.”
Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm serving property owners and occupiers, with approximately 52,000 employees across nearly 400 offices in 60 countries.
