Chennai emerges as India's fastest-growing GCC hub as lower office costs attract global companies

Chennai emerges as India's fastest-growing Global Capability Centre (GCC) hub, driven by lower office costs.

The city has 120 million square feet of Grade A/A+ office stock, with 42 million square feet under development.

Office demand outpaces supply by 1.8 times, while vacancy has dropped to 9.9 percent from a peak of 15.8 percent.