India’s office leasing market is surging, recording its strongest-ever first quarter for January to March. Gross leasing grew 10% year-on-year to 21.5 million sq ft, supported mainly by pre-committed deals from large occupiers, including GCCs and major tech firms. This keeps momentum despite shifting occupier strategies and market uncertainties.
Even as broader tech hiring slows, experts say demand for senior technology leaders in India is rising. MNCs are increasingly shifting global tech roles to India, often via their GCCs, where country heads are also joining. Hiring mandates for director, vice-president and higher roles have grown about 20% over the past two to three quarters versus early FY25.
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