Prime Highlights-
- Pune is strategically rising as a prime growth hubfor India’s booming Global Capability Centre (GCC) expansion, attracting multinational companies for technology and engineering operations.
- The ICE MT India deal underscores strong demandfor large-scale office spaces in Pune, reinforcing confidence in micro-markets like Magarpatta, Hinjewadi, and Kharadi.
Key Highlights-
- The top seven Indian cities together represent over 263 million sq ft of Grade-A office space, accounting for nearly 40% of total commercial leasing in the past ten years.
- India’s GCC-led office leasing reached a record 31 million sq ft in 2025, with Pune accounting for 15–20% of national activity, supported by a strong talent pool and competitive operating costs.
Background-
Intercontinental Exchange (ICE), a US financial and tech firm expand its India operations finds lease office spaces in Pune’s tech corridors. Pune is strategically rising as a key growth hub for India’s booming Global Capability Centre (GCC) expansion.
Pune has been the most beneficial and actively encouraging 15-20% of national GCC activity in the past years. This city provides a huge talent pool, diverse operating costs, and appropriate office spaces. Most of the strong spaces suggest Magarpatta, Hinjewadi, and Kharadi.
The data signifies that Indian Top cities together represent more than 263 million sq ft of Grade-A commercial spaces. Which represents nearly 40% of total commercial leasing in the last ten years.
This change emerged during recent years, with 200 new GCCs implemented throughout the nation in the last two years.
The market reports conclude that there are almost 350 million sq ft of office footprint that will be surpassed in the upcoming years. This shows a strong shift from basic back-office operations to valued innovations.
Office leasing in India has reached a record of 31 million sq ft in 2025, including Hyderabad, Bengaluru, and Pune.
The co-founder of Propstack said, “ICE MT India deal signals the ongoing strong appetite of GCCs for large-scale offices in Pune. Magarpatta, the micro-market known to be the leading IT corridor for the last nine years.
Pune is known for its strongest technical talent base all over India. The Intercontinental Exchange (ICE) has a hold on digital infrastructure and technology platforms. This place offers a huge Tech industry and attracts many multinational companies to expand their operations.
The purpose of the expansion is to support global technology and enhance engineering functions.
