The Ahmedabad-GIFT City corridor could attract 40-50 new Global Capability Centres (GCCs), creating demand for 4-6 million sq. ft. of Grade A office space and more than 50,000 high-skilled jobs, according to a joint report by Dev Accelerator Limited (DevX) and real estate services firm Anarock. 
The report, titled ‘Ahmedabad: New Phase of Urban & GCC Growth’, identifies the corridor as an emerging destination for multinational companies seeking alternatives to established Tier I office markets such as Bengaluru, Hyderabad and the National Capital Region. 
India currently has more than 1,700 GCCs employing nearly 1.9 million professionals. The sector is projected to exceed 2,400 centres by 2030. As companies increasingly adopt hub-and-spoke expansion strategies, the report suggests that Ahmedabad could capture part of this growth, supported by the development of GIFT City as India's first operational International Financial Services Centre. 
Ahmedabad currently has nearly 26 million sq. ft. of Grade A office stock, while GIFT City adds another 4.1 million sq. ft. The region is attracting multinational financial institutions, technology companies and consulting firms, supported by infrastructure, regulatory measures and the expanding business ecosystem. 
Cost competitiveness remains another factor supporting the corridor's appeal. Average non-CBD office rentals in Ahmedabad stand at around INR 50 per sq. ft. per month, while the net effective office occupancy cost across the Ahmedabad-GIFT City belt is estimated at INR 147 per sq. ft. per month. According to the report, this is the lowest net office occupancy cost among major Indian office markets and is 30-35% below several established office locations. 
The corridor also has access to a technology talent pool of around 90,000-95,000 professionals. Leading educational institutions, including IIM Ahmedabad and IIT Gandhinagar, contribute to the region's graduate and skilled workforce base. The city produces approximately 55,000-60,000 graduates annually from engineering, management and other institutions. 
Workforce stability is another differentiator highlighted in the report. Employee attrition levels in Ahmedabad are estimated at 7-12%, lower than those recorded in several established technology hubs. This could support companies seeking to build larger teams while controlling employee replacement and recruitment costs. 
Umesh Uttamchandani, Managing Director of Dev Accelerator Limited, said enterprise location decisions were increasingly being influenced by talent availability, operational resilience and long-term scalability rather than cost alone. He said Ahmedabad had developed the talent, educational and infrastructure base required to become a destination for the next phase of GCC expansion. 
Anuj Puri, Chairman of Anarock Group, said the changing geography of India's GCC expansion was creating opportunities for cities that combine workforce availability, infrastructure readiness, business-friendly policies and cost competitiveness. He identified Ahmedabad and GIFT City as an emerging enterprise corridor with the ability to support companies seeking to expand beyond traditional Tier I markets. 
The expected expansion of GCC activity is also likely to increase demand for managed and flexible office space. The report estimates that this segment could generate demand of 1-1.5 million sq. ft. across GIFT City, SG Highway and Ahmedabad's western commercial corridor. 
Policy support is expected to further strengthen the region's position. Under the Gujarat GCC Policy 2025-30, the state aims to attract more than 250 GCCs and investments exceeding INR 10,000 crore by providing incentives for technology and infrastructure development. 
Infrastructure expansion is another component of the corridor's growth outlook. Projects including Metro Phase II, the Sabarmati Multimodal Transport Hub and the Mumbai-Ahmedabad High-Speed Rail corridor are expected to improve connectivity and strengthen links between Ahmedabad, GIFT City and surrounding business districts. 
The report also points to Ahmedabad's wider economic and infrastructure profile as a factor supporting its growing global visibility. The city's expected role as host of the 2030 Commonwealth Games could further accelerate investment in connectivity and urban infrastructure. 
With lower operating costs, a growing Grade A office market, access to skilled professionals and GIFT City's financial ecosystem, the Ahmedabad-GIFT City corridor is increasingly positioned to participate in India's next phase of GCC expansion.