The Ahmedabad-GIFT City corridor is emerging as a key destination for multinational companies seeking expansion in India, with forecasts predicting up to 50 new global capability centres in the coming years, supported by strategic infrastructure, talent pools, and favourable policies.
The Ahmedabad-GIFT City corridor is emerging as one of India’s most closely watched commercial property markets, with a new report forecasting that 40 to 50 Global Capability Centres could be added over the next few years. Joint research from Dev Accelerator Limited and Anarock says that expansion would require 4 million to 6 million square feet of Grade A office space and support more than 50,000 skilled jobs.
The findings point to a wider shift in how multinational companies are choosing locations in India. As Bengaluru, Hyderabad and the National Capital Region become more crowded and expensive, enterprises are increasingly turning to hub-and-spoke operating models and looking beyond the established metro centres. India already has more than 1,700 GCCs employing nearly 1.9 million people, and the report says that total could rise to more than 2,400 by 2030.
Ahmedabad and GIFT City appear well placed to capture part of that growth. The corridor already offers nearly 26 million square feet of Grade A office stock in Ahmedabad and another 4.1 million square feet in GIFT City. Its appeal is strengthened by lower occupancy costs than larger rivals, along with GIFT City’s role as India’s first operational International Financial Services Centre.
Market observers say the region’s draw is no longer just about cheaper rents. Dev Accelerator’s Umesh Uttamchandani said global companies are weighing talent access, resilience and scalability alongside cost. Anarock’s Anuj Puri said the city’s strength lies in its mix of workforce stability, infrastructure and a policy environment that supports long-term expansion. That view is echoed by reports that Ahmedabad now hosts more than 35 GCCs, making it the largest such hub outside India’s Tier I metros.
The talent pipeline is also seen as a key advantage. The corridor is supported by an estimated 90,000 to 95,000 technology professionals and tens of thousands of annual graduates from institutions including IIM Ahmedabad and IIT Gandhinagar. Attrition is said to be lower than in more established tech centres, while demand for flexible workspace is rising. Recent leasing activity, including Incuspaze’s 60,000 square foot deal near GIFT City, suggests occupiers are already responding to the shift. Gujarat’s GCC policy for 2025-30, which aims to attract more than 250 centres and Rs 10,000 crore in investment, could further accelerate that momentum.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
