BENGALURU (IANS) – US firms are increasingly choosing India for their office spaces, with Bengaluru, Hyderabad, and Delhi-NCR being the top preferred cities. In fact, 2024 saw the highest annual leasing activity ever recorded by US companies in India.
US companies have significantly ramped up their office leasing in India, driven primarily by the growth of their Global Capability Centers (GCCs). Between 2022 and the first quarter of 2025, Bengaluru emerged as the leading destination, capturing 35% of all US occupier leasing. Hyderabad and Delhi-NCR followed as the second and third most attractive markets, with Chennai and Pune also seeing considerable interest.
From 2017 through the first quarter of 2025, US occupiers consistently held a strong position in India’s office market, accounting for 34.2% of the market share during the 2022-Q1 2025 period. Although their market share has slightly decreased since before the pandemic, the actual volume of their leasing has gone up by about 16%. This shows that American companies are strategically expanding their presence in India, even as the overall market diversifies.
Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, highlighted that US-origin GCCs consistently make up over two-thirds of all leasing activity by American firms. This indicates that major US corporations see India not just as a place to outsource work, but as a crucial hub for their long-term business strategies, innovation, and strategic operations.
Each Indian city offers unique advantages for these firms: Bengaluru has become a strong multi-sectoral center, moving beyond just technology;
Chennai provides a well-balanced market across various sectors like banking, financial services and insurance (BFSI), e-commerce, and technology;
Mumbai acts as the financial hub, where US-based BFSI GCCs are particularly dominant;
and Hyderabad has become a specialized hub for BFSI, healthcare, and pharmaceutical operations.
