RMZ Corp Dominates Indian CRE Sector with Massive Office Space Leases for GCCs

RMZ Corp, a prominent realty firm based in India, has announced that it has leased over 5 million square feet of office space to various corporates for the establishment of Global Capability Centres (GCCs) during the past 18 months. This announcement showcases RMZ's commitment towards providing prime commercial real estate solutions and its growing influence in the Indian Commercial Real Estate (CRE) sector.

Leasing Prime Office Spaces across Major Cities

In a statement released recently, RMZ Corp elaborated that it had signed leases for more than 5 million square feet of high-quality office space scattered across its properties located in three major cities: Bengaluru, Hyderabad and Chennai. These leases were secured by renowned GCC players who have chosen to establish their operations within these spaces. Over the last year and a half, several large global business enterprises have partnered with RMZ Corp for their leasing needs, further solidifying RMZ's standing as a leader in this segment.

A Leadership Position in the GCC Segment

The company’s success is evidenced by its leadership position as a GCC segment leader within the Indian CRE sector. Notably, some of the world’s leading companies operating GCCs including UPS Technologies, Haleon, Planview, Booking Holding, DOW Chemical International and Nielsen IQ India are among those who have selected RMZ’s assets from amongst an array of options available on market. In total there are 38 such clients who have chosen RMZ for their operational needs.

India: A Stable Market amidst Global Economic Uncertainties

In light of recent uneven global economic sentiments due to events like Brexit and US-China trade wars among others; India has emerged as a stable market both for talent acquisition and premium commercial real estate opportunities. This stability coupled with other attractive factors such as robust infrastructure development, conducive business environment and a large pool of skilled professionals have catalysed the rise of GCCs in India.

Thirumal Govindraj, Senior Managing Director on the Executive Board at RMZ Corp, highlighted these factors as key contributors to India's growing attractiveness as a destination for GCCs. He emphasised that the country’s stability and potential in terms of talent and commercial real estate are instrumental in attracting global businesses.

Conclusion

In conclusion, RMZ Corp has positioned itself as a leader within the Indian CRE sector by providing over 5 million square feet of office space to corporates for establishing their GCCs. The company's success demonstrates its commitment towards offering prime commercial real estate solutions and further reinforces its influence within this sector. As India continues to emerge as a stable market amidst global economic uncertainties, it is anticipated that more companies will follow suit by establishing their operations here thereby contributing to further growth of the Indian CRE sector.