Hyderabad now hosts over 515 Global Capability Centres and added more GCCs in FY25 than Bengaluru, Pune and Chennai combined, a new FICCI-Anarock report finds.
Hyderabad now hosts around 515 Global Capability Centres, employing more than 3 lakh people, according to a joint report by FICCI and Anarock titled "Hyderabad: The Rise of a Global Capability Powerhouse." The city accounts for nearly 20% of India's total GCC base. The report projects another 50-70 GCCs will set up in Hyderabad within the next year, adding more than 75,000 high-skilled jobs in the process.
The "outpaces Bengaluru" framing isn't just rhetoric, the report backs it with a direct comparison. In FY25 alone, Hyderabad added more than 70 new GCCs. Here's how that stacks up against the country's other major GCC destinations in the same period:
Hyderabad's single-year addition count was higher than Bengaluru, Pune and Chennai's combined. That's a significant shift for a city that's historically been positioned as the second or third choice behind Bengaluru for global capability centre setups.
Anarock Chairman Anuj Puri pointed to leasing data as the clearest evidence of the trend. GCC office leasing in Hyderabad rose from about 1.9 million sq ft in 2021 to 4.5 million sq ft in 2025, more than doubling in four years. The momentum hasn't slowed either, GCCs had already absorbed over 3 million sq ft in just the first half of 2026. Cost is a straightforward part of the pitch. Hyderabad's prime office rent runs ₹95-115 per sq ft, lower than Bengaluru and competitive with Pune, giving global firms a genuine cost advantage without stepping down to a lower-tier city.
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V V Rama Raju, Chairman of FICCI's Telangana State Council, made a point of stressing that Hyderabad's GCC proposition is broadening past conventional IT-ITeS work. The report describes an ecosystem now spanning BFSI, life sciences, semiconductors, aerospace and defence, automotive and engineering, healthcare, consumer and retail, and media technology. That diversification matters for real estate demand specifically, since different sectors bring different space, location and specification requirements rather than all competing for the same standard IT-park floor plate.
For anyone tracking Hyderabad's office market rather than just its employment story, the report's most concrete forward-looking figure is this: Hyderabad's GCC ecosystem could generate 8-12 million sq ft of additional office demand over the next three to five years. Flex and managed workspace, concentrated particularly across western Hyderabad and established IT corridors, could account for another 2-3 million sq ft on top of that. Growth of this kind tends to concentrate in Grade A, amenity-rich, technology-enabled buildings rather than being spread evenly across the city's existing office stock.
This GCC data lands the same month Hyderabad prepares to host IREC 2026, India's first International Real Estate Conference, and it's part of a pattern rather than a coincidence. A city adding GCCs faster than its established rival, at lower occupancy costs, with a diversifying sector base, is exactly the kind of underlying story that makes a city attractive to the global investors and developers such a conference is designed to court.
