Synopsis: The Tier-2 cities of India are fast emerging as GCC magnets and this is pushing up office demand, rentals and long-term commercial real estate value into the markets. This article highlights eight such potential hotspots that are emerging as attractive hubs for growth.
MNCs are now moving the GCCs out of Bengaluru, Hyderabad and Pune to the Tier-2 cities to access cheaper rates, good talent base and favourable state policies. Approximately 7 percent of the GCCs in India are found in Tier-2 and Tier-3 cities today and this is estimated to increase to almost 15-20 percent by 2025 due to the addition of almost 140 new centers within five years. Recruitment in these areas is surpassing metros, and GCC job opportunities in several Tier-2 hubs are expanding faster than 20 percent per annum, especially in digital, cloud, AI, and cybersecurity opportunities.
Chandigarh
Low-priced, well-balanced GCC destination, good quality of life, access to IT parks in Mohali, which would make it appealing to tech and analytics centres.The skills of Panjab University and PEC, and 25-30 percent of the costs being less than in tier-1 cities, make Chandigarh Tricity (Mohali-Panchkula) a hub of the GCC. There are no definite new names of GCCs found in the associated pulse article, and yet the distribution of the region in 2027 in 20-25 percent of novel configurations].
- Key sectors and companies: Increased IT, analytics and professional services captures with the use of Chandigarh-Mohali as a shared talent pool.
- Influencing commercial real estate: Office rental yields in the 4–6% band, with steady capital appreciation in prime business districts.
Ahmedabad
It is one of the biggest Tier- 2 GCC belts with the Ahmedabad-Gandhinagar-GIFT City corridor holding the global finance, semiconductor and engineering work and engineering work.
- Key sectors and companies: International companies like Kraft Heinz, Infineon and Technip Energies and Indian IT giants operate here in finance, technology and engineering GCCs.
- Development in commercial real estate: Gross office yields around 3.9–4.1% within the broader 4–6% national band, with potential medium‑term capital appreciation of roughly 25–30% in strong GCC corridors.
Mysuru
Spillover GCC hub is a less expensive hub in Bengaluru which has access to South-Indian tech and semiconductor talent. Mysuru Tech Show 2025 declared new GCCs: McLaren Strategic Solutions (MSS), Omni Logistics, as well as MiPhi Semiconductors (GCC operations). They are congruent with the Beyond Bengaluru initiative of Karnataka such as nano GCCs such as Sharp and Antelica.
- Key sectors and companies: Tech companies like IBM are expanding the GCCs in the area of software and semiconductor and engineering services.
- Impact of commercial real estate: Yields around 5% within the 4–6% band in strong IT corridors, alongside more than 15% recent price increases in key pockets.
Also read: Top 10 Expressway-Led Real Estate Hotspots Expected to See Fast Price Appreciation by 2030
Indore
The flagship of the Tier-2 GCC node in central India, with the support of the GCC specific policy of Madhya Pradesh and excellent connectivity. Indore enjoys GCC Policy 2025 in Madhya Pradesh that is inviting FDI in terms of subsidy on capital and payroll. Two unnamed companies intend to invest in the GCCs, a total of Rs 5,700 crore, and generate 40,500 employment opportunities; Tholons and Digital Convergence Technologies gave their interest, though not with any assured name
- Key sectors and companies: Infosys, Persistent, Evalueserve among others operate technology and BFSI centres to cater to the global clients at Indore.
- Real estate commercial effect: Typical stabilised office yields around 4–5.5%, with some corridors registering annual price appreciation in the mid‑teens.
Lucknow
Next-gen GCC hub connected to the suggested AI City and Mega IT City with the help of state incentives and significant talent pool. The city of Lucknow is surging through the Up GCC Policy 2024, AI City, and Mega IT City. The players in this market are TCS, HCL, Tech Mahindra, Wipro, Cognizant and Infosys; there are no new upcoming GCCs listed in the Nasscom link
- Key sectors and companies: The companies that have been operating or intending to open large GCCs in Lucknow in the context of IBM, Deloitte, TCS and HCL Tech are in the business of IT and business services.
- Commercial impact real estate: Rental yields roughly 3.5-4.5% in prime corridors, with select commercial and mixed‑use zones seeing price appreciation above 20% year‑on‑year.
Mangalore
Up-and-coming coastal GCC center comprising a blend of niche digital and risk-management tasks to buttress the overall Karnataka tech ecosystem.
- Key sectors and companies: Bose, NCR Atleos and Riskonnect are driven by technology, customer experience and risk-tech capabilities out of Mangaluru.
- Effects on commercial real estate: Yields broadly aligned with the 4–6% office range, with faster percentage rent growth expected from today’s low base.
Also read: Types of Global Capability Centers (GCCs) Operating in India as of 2025
Kochi
Kochi’s Infopark is home to over 500 companies, including industry giants like TCS, Wipro, and Cognizant. With more than 6,200 startups and ongoing innovation initiatives like IEDCs and LEAP, the park continues to foster strong entrepreneurial growth. It also hosts 20+ GCCs, with a major emphasis on the IT/ITeS sector.
- Key sectors and companies: GCCs of digital, cloud, fintech and consulting suppliers of global insurers, automotive tech providers and IT services giants, cluster around Infopark and adjacent areas.
- Business real estate influence: Mid‑single‑digit yields (about 4–6%), supported by tightening vacancies in IT parks and rising effective rentals.
Coimbatore
It has one of the most established Tier-2 GCC ecosystems in India with 25+ centres in IT, engineering and manufacturing.
- Key sectors and companies: R&D, software development and digital-tech GCCs in and around major IT parks are anchored by Bosch, State Street, Amazon and the top technology IT companies.
- Commercial real estate effect: Yields around 5% within the 4–6% band in strong IT corridors, alongside more than 15% recent price increases in key pockets.
Conclusion
The second GCC development in India is evidently taking place in Tier-2s. With more high-value captives and long-lease tenants flocking to cities such as Chandigarh, Ahmedabad, Mangaluru, Kochi, Coimbatore, Mysuru, Indore and Lucknow, they will propel new-age employment and retrained-to-life growth in the Indian commercial property.
Written By Jayanth R Pai
