New Delhi, Jul 21 (PTI) Bengaluru, Hyderabad, and Chennai collectively have 922 international functionality centres (GCCs), round 55 per cent of the full such services in India, based on Vestian.
In an announcement on Monday, US-based actual property guide Vestian acknowledged that India homes practically 1,700 GCCs unfold throughout Tier-1 and Tier-2 cities, accounting for round 53 per cent of the about 3,200 GCCs worldwide.
“India’s main workplace markets proceed to supply a compelling worth proposition to GCCs, characterised by aggressive prices, a extremely expert workforce, sturdy infrastructure, progressive coverage incentives, and a conducive enterprise surroundings,” Vestian CEO Shrinivas Rao mentioned.
Nevertheless, he famous that choosing the appropriate location stays essential to the long-term success of any GCC.
Based on Vestian, India’s prime six cities — Bengaluru, Hyderabad, Chennai, Delhi-NCR, Mumbai, and Pune — account for 94 per cent of the full variety of GCCs within the nation.
The remainder are unfold throughout varied states.
The guide projected that the full variety of GCCs in India may exceed 2,100 by the tip of the 2027-28 fiscal yr. On a mean, it mentioned round 150 new GCCs are anticipated to be established yearly.
In India, practically 50 per cent of the full GCCS are of IT-ITeS sector, adopted by the BFSI (banking, monetary companies and insurance coverage) sector that holds 17 per cent share.
On city-wise evaluation, Vestian mentioned there are 487 GCCs in Bengaluru, accounting for 29 per cent of the full variety of GCCs within the nation.
Hyderabad has 273 GCCs, Delhi-NCR homes 272 GCCs, Mumbai 207 GCCs, Pune 178 GCCs, and Chennai 162 GCCs.
There are 922 GCCs within the three southern cities — Bengaluru, Hyderabad and Chennai — the information confirmed.
Commenting on the report, Gurugram-based property consulting agency InfraMantra Founder Shiwang Suraj mentioned the Delhi-NCR accounts for 16 per cent of the full GCCs within the nation.
“The accelerated infrastructure improvement, ease of doing enterprise and expert manpower have attracted these firms to Delhi-NCR,” he added.
The growing variety of GCCs has been an necessary consider driving demand for workplace areas and residences within the Delhi-NCR property markets, Suraj mentioned.