Hyderabad: Hyderabad has once again emerged as the country’s leading destination for Global Capability Centres (GCCs), topping the newly released IIM Bangalore–CRE Matrix GCC Commercial Property Rental Index (GCC-CPRI) for Q1 2026. The city recorded the highest score of 212.1, underlining its growing dominance in India’s commercial office market.
The report shows that Hyderabad-based GCCs are paying nearly 15% higher office rents than non-GCC occupiers, reflecting the strong demand for premium office spaces from multinational companies. The premium is also seen as a sign of increasing confidence among global firms choosing Hyderabad for their technology, engineering, research and business operations.
Hyderabad Stays Ahead of Other Metro Cities
The GCC-CPRI, jointly developed by IIM Bangalore and CRE Matrix, is India’s first dedicated index tracking commercial office rentals paid by Global Capability Centres. Using Q1 2014 as the base year, the index measures the effective rentals paid by GCCs after accounting for lease incentives such as rent-free periods and rental escalations.
With a score of 212.1, Hyderabad comfortably leads the national rankings, well above the overall India GCC-CPRI average of 165. The findings reinforce the city’s reputation as one of the fastest-growing office markets for multinational companies.
Why Global Companies Prefer Hyderabad
Over the last few years, Hyderabad has become home to hundreds of Global Capability Centres operated by Fortune 500 companies. Businesses across technology, banking, financial services, healthcare, life sciences, engineering, artificial intelligence and pharmaceuticals continue to expand their presence in the city.
Industry observers say Hyderabad’s appeal lies in its combination of world-class office infrastructure, large talent pool, competitive operating costs, and business-friendly government policies. The city’s IT corridors, international airport, Metro connectivity and continuous commercial development have also played a key role in attracting fresh investments.
Premium Office Space in High Demand
The report indicates that companies are increasingly willing to pay more for Grade A and Grade A+ office spaces in Hyderabad. The nearly 15% rental premium paid by GCCs reflects the demand for modern office campuses equipped with advanced infrastructure and better employee amenities.
Developers believe this trend will continue as more multinational corporations shift high-value functions such as research & development, product engineering, cybersecurity, cloud computing, finance operations and digital transformation to their Indian centres.
India’s GCC Sector Continues to Expand
According to the report, India’s overall GCC Commercial Property Rental Index stood at 165 during the first quarter of 2026, registering a steady three-year compound annual growth rate (CAGR) of 0.9%. The data highlights the sustained demand for quality commercial office space across major business hubs.
The index is expected to serve as a benchmark for real estate developers, investors, multinational companies and policy makers, offering a clearer picture of rental trends in India’s rapidly expanding GCC ecosystem.
Hyderabad’s Growth Story Continues
Hyderabad has consistently attracted new investments from global corporations over the past decade, with several international companies setting up or expanding their Global Capability Centres in the city. The latest rankings further strengthen Hyderabad’s position as India’s preferred destination for multinational businesses looking to establish long-term operations.
With demand for premium office space remaining strong and more global firms planning India expansion, Hyderabad is expected to remain at the forefront of the country’s GCC revolution in the coming years.
