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India office market stays strong as GCCs drive record leasing demand

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India's commercial real estate market continues to show resilience, with demand consistently outpacing new supply. Global Capability Centres are playing a pivotal role, accounting for a record share of office leasing activity. The limited addition of new office stock, combined with sustained demand, is supporting rental growth across major cities. Beyond offices, the retail and warehousing segments are also maintaining healthy performance. Sustainability has increasingly shifted from a preference to a baseline requirement for occupying companies.

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