Maharashtra GCC Policy to Boost Growth in Tier II & III Cities

Expert insights on GCC expansion and emerging business clusters

Colliers India highlights how Maharashtra’s GCC Policy is set to accelerate office space demand and sector diversification across Tier II & III cities.

The recently introduced Maharashtra Global Capability Centre (GCC) Policy is expected to accelerate the expansion of global enterprises across the state, according to Vimal Nadar, National Director & Head of Research at Colliers India.

GCCs in India are undergoing a transformative phase, emphasizing innovation-led, domain-specialized, and digitally integrated solutions to meet complex global business needs. State-specific policies, including Maharashtra’s, offer capital subsidies, tax exemptions, grants, additional FSI, and fast-track approvals, creating a conducive environment for business growth.

Commenting on the policy’s impact, Nadar noted that it is likely to drive office space demand beyond Mumbai and Pune, extending into Tier II and III cities such as Nashik, Nagpur, and Chhatrapati Sambhajinagar. Leasing activity for GCCs in Maharashtra could grow from approximately 15 million sq.ft. over the last five years to 20–25 million sq.ft. in the next five years.

The policy also aims to foster specialized GCC clusters, helping companies diversify beyond traditional domains like Technology, Financial Services, and Automotive into emerging sectors including Defense, Aerospace, Life Sciences, and Renewable Energy.

“The Maharashtra GCC Policy not only strengthens the state’s positioning as a global business hub but also creates opportunities for companies to innovate, diversify, and scale efficiently,” Nadar added.