Latest GCC Numbers in Hyderabad Tell a Bigger Story About India’s Growth

Created On: July 10, 2026
India, Newsletter

Modified On: July 10, 2026

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Summary:

Hyderabad has topped India’s GCC Commercial Property Rental Index (GCC-CPRI) for Q1 2026 with a score of 212.1, recording 5.4% year-on-year and 4.4% three-year average growth. The city commands a 15% rental premium over non-GCC occupiers, driven by strong demand in micro-markets like Hitec City and Gachibowli, where GCCs occupy nearly 70% of office space. While rental growth is leveling out after years of steady appreciation, this reflects market maturity rather than weakening demand. Other cities like Pune and Bengaluru also show strong, city-specific advantages, giving companies multiple viable options for GCC expansion in India. Beyond location, successful GCC setup depends on the right legal structure, regulatory compliance, and long-term operational planning — areas where IMC offers end-to-end advisory support.

Companies planning their next GCC often need to make strategic decisions around several crucial factors. Office rentals, talent availability, infrastructure, business ecosystem, and long-term growth potential are some of the factors that carry the most weight. Naturally, this draws attention to the latest GCC Commercial Property Rental Index (GCC CPRI), jointly released by IIM Bangalore and CRE Matrix. With an index score of 212.1 in the first quarter of 2026, Hyderabad topped the list among the ten cities covered in the study. Beyond demonstrating strong commercial real estate potential, the results reveal where MNCs are building their long-term operations.

City-wise GCC-CPRI rankings

Hyderabad: 212.1 — India’s highest-ranked GCC destination, with a 15% rental premium for GCC occupiers over non-GCC tenants
Pune: 210.7, the second-highest among all cities, with GCC occupiers paying a 16.3% premium over the broader office market (CPRI: 181.2) — the widest gap across India
Bengaluru: 190, retaining its position as India’s largest and most established GCC office market, with a three-year growth rate of 1.6%
Pan-India average: 165, with a three-year CAGR of 0.9%, signalling a stable growth trajectory for India’s GCC office market
Navi Mumbai: recorded the highest three-year GCC rental CAGR among major markets at 13.4%

Growth That Has Been Building for Years

Hyderabad has recorded a 5.4% year-on-year growth in the index. Over the last three years, the city has also maintained an annual growth rate of 4.4%.

Recent years have seen sizable, long-term commitments from companies across sectors establishing GCCs in Hyderabad with long-term plans in mind. Hitec City continues to attract major occupiers, while Gachibowli has emerged as one of the strongest clusters of global capability centers in India. GCCs occupy nearly 70% of the office space in Gachibowli, underscoring the strength of this micro-market.

Companies Are Paying More for the Right Ecosystem

One of the more interesting findings from the report is that Hyderabad commands a 15% rental premium over non-GCC occupiers. Paying higher rentals may seem like an added expense, but forward-thinking businesses see it differently. For instance, if a location has a strong pool of talent, established infrastructure, and dependable connectivity, the relative advantage outweighs the additional rental cost.

Businesses weigh these benefits carefully while expanding. Company leaders evaluate their prospects with a broader lens, looking beyond the lease cost alone. According to the report, rental growth has started leveling out after years of steady appreciation. This is fairly common in markets that have gone through a strong growth cycle. Rather than indicating weaker demand, it suggests the market is finding a more sustainable pace.

What This Means for Businesses Entering India

Every city in India offers a different advantage to companies setting up GCCs (Global Capability Centers)
Bengaluru continues to scale rapidly as India’s leading GCC hub, driven by its deep tech talent pool and mature innovation ecosystem.
Hyderabad is currently one of the fastest-growing GCC hubs in the country
This trend explains why India leads global capability center growth
Companies can access multiple strong business locations across Indian cities, including Hyderabad
Each city offers skilled talent and improving infrastructure to support long-term business growth

However, choosing the right city is only part of the decision. Other priorities for successful expansion include setting up the right legal structure, meeting regulatory requirements, and maintaining ongoing compliance.

IMC continues to be a trusted consultant, helping organizations establish and expand their GCCs in India. Consult our professionals for end-to-end support, from market entry and entity formation to regulatory compliance. Whether you’re evaluating Hyderabad or another Indian city, our experts can help you build operations ready for long-term growth.

Author Bio:

Poornima J is an experienced business writer specializing in Global Capability Centers (GCCs), international expansion, and cross-border business operations. She works closely with advisory professionals to convert evolving market trends and business developments into practical, decision-oriented content. Her writing focuses on topics including GCC setup, talent strategy, regulatory considerations, and operating models across global markets. Through structured and business-focused content, she supports organizations evaluating growth opportunities and long-term expansion plans.

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Latest GCC Numbers in Hyderabad Tell a Bigger Story About India’s Growth

Summary:

City-wise GCC-CPRI rankings

Growth That Has Been Building for Years

Companies Are Paying More for the Right Ecosystem

What This Means for Businesses Entering India

Author Bio:

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