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New Delhi: US companies have accomplished record-breaking workplace leasing volumes in India previously couple of years, with 2024 marking the easiest annual task ever recorded, with international capacity centres (GCCs) rising as the principle development motive force, a document confirmed on Saturday.
The leasing volumes from 2017 via Q1 2025 displays US occupiers maintained a commanding 34.2 in line with cent proportion of India’s workplace marketplace all through the 2022-Q1 2025 duration, with 2024 recording the easiest annual leasing numbers in absolute phrases.
In reality, Q1 2025 has additionally maintained the similar quarterly moderate as the former yr, in step with a JLL document. While US companies’ marketplace proportion has modestly declined for the reason that pre-pandemic duration, their absolute leasing quantity has higher via roughly 16 in line with cent, indicating a strategic deepening of American company presence in India in spite of total marketplace diversification, the document discussed.
“US-origin GCCs constantly constitute over two-thirds of all leasing task via American companies. This underscores India’s central place in long-term trade methods for main US firms,” mentioned Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.
The predominance of GCCs inside of US companies’ actual property footprint demonstrates that American corporations view India no longer simply as an outsourcing vacation spot, however as a essential hub for innovation and strategic operations.
“Within the country, each city offers distinct advantages: Bengaluru has evolved into a multi-sectoral powerhouse beyond tech, Chennai boasts India’s most balanced market across BFSI, e-commerce, and tech sectors, Mumbai serves as the financial nerve centre where US-based BFSI GCCs dominate, and Hyderabad has established itself as a specialised hub for BFSI, healthcare, and pharmaceutical operations,” Das knowledgeable.
Bengaluru has bolstered its place as the most popular vacation spot, shooting 35 in line with cent of all US occupier leasing task between 2022-Q1 2025. Hyderabad and Delhi-NCR have emerged as the second one and 3rd most enticing markets, adopted via Chennai and Pune.
“India’s aggregate of professional skill at scale, supportive ecosystem, price benefits, and growth-oriented coverage setting continues to make it an more and more horny vacation spot for US firms having a look to determine and increase their international features,” mentioned Rahul Arora, Head-Office Leasing and Retail Services, Senior Managing Director (Karnataka, Kerala), India, JLL.
