The most important change happening in Pune’s office market may not be happening inside traditional IT companies.
It is happening inside Global Capability Centres.
GCCs have evolved considerably from their earlier role as offshore support centres. Today, global companies increasingly use Indian GCCs for engineering, research and development, artificial intelligence, analytics, product development, finance, cybersecurity and global business operations.
Pune is becoming an important part of that story.
Cushman & Wakefield recorded approximately 3.01 MSF of GCC leasing in Pune during H1 2026, while Pune remained among the four Indian cities accounting for nearly 80% of India’s GCC leasing during the period. (Cushman & Wakefield)
The implication for Pune’s commercial real estate is significant.
GCCs need more than office space.
A global organisation evaluating Pune is effectively evaluating an entire ecosystem.
Can it access engineering and technology talent?
Can employees commute efficiently?
Can the workplace accommodate global standards?
Can the company expand within the same building or business district?
Does the building offer reliable power, connectivity and security?
Does it provide the employee experience expected by a global workforce?
And increasingly:
Does the real estate support the company’s ESG objectives?
These questions are redefining the Grade-A office market.
Why Pune?
Pune has a distinctive combination of strengths.
Its engineering and manufacturing base, technology talent, educational institutions and established corporate ecosystem give GCCs access to a broad talent pool.
The city also offers multiple mature employment corridors—from Kharadi and Viman Nagar in the east to Baner-Balewadi and Hinjewadi in the west—creating different location options for global occupiers.
But the competition between locations is becoming more sophisticated.
A GCC isn’t simply choosing a postcode.
It is choosing a talent ecosystem.
The office building itself is changing
The GCC expansion story is consequently becoming a Grade-A construction story.
A modern GCC workplace may require:
- efficient and flexible floor plates
- robust MEP infrastructure
- high-speed vertical mobility
- strong connectivity
- employee amenities
- wellness and social spaces
- sustainability
- accessibility
- security
- parking and mobility infrastructure
- future expansion capability
This is why the rise of GCCs should not be viewed merely as a leasing statistic.
It is changing the specification of commercial real estate.
The demand is moving from “space” towards high-performing workplace infrastructure.
And the opportunity extends beyond GCCs themselves.
Their presence attracts supporting businesses, hospitality, food and beverage, flexible workspaces, residential development, retail and other services.
In other words:
A GCC creates demand far beyond its office floor plate.
That makes GCC growth an important structural driver for Pune’s wider commercial ecosystem.
What should occupiers look for?
Businesses entering Pune should evaluate commercial property through a longer lens.
The cheapest office may not necessarily be the most economical.
A better-performing building can influence employee experience, operational efficiency, talent attraction and the ability to scale.
For organisations searching for Grade-A office space in Pune, quality therefore becomes a business consideration—not merely a real-estate preference.
Siddhesh Developers’ Orville Business Port in Viman Nagar reflects this focus on quality commercial development, with select office units available for lease and select floor plates in its newer wing available for purchase.
And for global occupiers watching Pune’s next wave of Grade-A supply, Siddhesh Developers’ upcoming large-scale commercial development in Baner is one to watch.
Because as Pune attracts more global businesses, the question is no longer whether the city needs more offices.
It is whether it has enough workplaces capable of serving the businesses of tomorrow.
