Kolkata: Kolkata has witnessed a 239 per cent YoY rise in GCC leases, reflecting the growing interest in Kolkata as a GCC location.
The gross leasing volume (GLV) has increased from 0.1 mn MSF (1.5 lakh sq ft) in 2024 to 0.5 million sq ft (5 lakh sq ft) in 2025.
In 2025, GCCs accounted for 30 per cent of Kolkata’s total office leasing (1.7 MSF or 17 lakh sq ft), a sharp rise from 9 per cent in 2024.
Some of the big GCC deals of 2025 included Wipro, KPMG, BDO, StanChart, Accenture, Capgemini, Tata Steel and Linde.
In total, 7 GCCs were leased in Kolkata in 2025 with an average deal size of 72,626 sq ft.
According to Cushman & Wakefield, this highlights a gradual shift towards more scalable and long-term occupier commitments.
This occupier interest is part of a broader evaluation of locations beyond traditional GCC hubs.
Kolkata is witnessing this steady pick-up in GCC activity, driven primarily by a domain-specific talent base and improving cost-to-value dynamics.
Though the absolute scale of GCC activity remains modest, the YoY jump indicates market depth, talent-led demand and increasing traction among global enterprises.
Some local companies are also setting up GCCs for their global operations. A few MNCs are also looking at GCCs in Kolkata for Southeast Asia operations.
Discussion about this post