With India fast becoming a hotspot for global capability centres (GCC), lease deals are now focusing more on larger spaces, according to a recent report by commercial real estate planner Vestian. Even as the leased space increased, the number of GCC lease transactions fell by 4% to 305, suggesting a shift toward larger office spaces, the report noted. This was also seen in an increase in large transactions—which refers to spaces spanning 1 lakh square feet or more—which rose 44% from 15.8 million square feet in FY24 to 22.8 million square feet in…
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