From global capability centres to office demand: What India's commercial real estate boom means for REITs
India's commercial real estate market is booming as multinational companies expand operations, with gross office leasing reaching 83.3 million square feet in 2025, a 7.8% increase from 2024. Global capability centres (GCCs) contributed 31.4 million square feet, accounting for 37.7% of leasing. This trend raises critical questions for Real Estate Investment Trusts (REITs) regarding asset performance and tenant demand.