Bengaluru Projected to Become the World's Fastest-Growing Major City by 2035 as Global Corporations Expand in India

Bengaluru is emerging as a major destination for global corporations seeking skilled talent, business expansion and long-term growth. According to a Savills analysis, the Indian technology hub is projected to become the world's fastest-growing major city by 2035, highlighting India's increasing importance in the global corporate and real estate landscape.

 

By The Realty Times | Real Estate News Services

Bengaluru : Global corporations are increasingly exploring a wider range of locations to establish and expand their operations. Rather than concentrating their businesses in a limited number of established international cities, companies are adopting more diversified location strategies to access skilled talent, improve operational efficiency and support future growth.

India is emerging as a major beneficiary of this shift. Its relatively young population, expanding skilled workforce, growing technology ecosystem and competitive operating environment are attracting multinational companies looking to strengthen their global presence.

According to Rick Schuham, CEO of Global Occupier Services at Savills, India's expanding talent pool and favourable demographic profile offer significant opportunities for international businesses.

Bengaluru Tops Savills' Global Growth Hubs Ranking

Savills' Growth Hubs Index, published in April 2026, identified Bengaluru as the world's fastest-growing major city by 2035.

The analysis examined the economic prospects of 245 cities worldwide, considering factors such as:

• Projected city GDP growth between 2025 and 2035.
• Growth in personal wealth and GDP per capita.
• Expansion in the number of high-income households.
• Population growth and inward migration.
• The ratio of working-age people to dependants.

The study considered cities with a GDP of at least $50 billion in 2025. Bengaluru secured the top position, supported by its skilled workforce, strong economic outlook and growing popularity as a destination for Global Capability Centres (GCCs).

Ho Chi Minh City in Vietnam ranked second, while several other Asia-Pacific cities also featured prominently.

India's Growing Importance in the Global Corporate Landscape

Bengaluru is not the only Indian city attracting international attention. Chennai and Hyderabad are also showing strong growth potential.

Savills highlighted Hyderabad's projected growth in GDP per capita, while Chennai demonstrated promising economic growth prospects.

These cities are benefiting from expanding technology industries, engineering and research activities, financial services, manufacturing and the establishment of global corporate operations.

India's expanding Global Capability Centre ecosystem is another important driver. GCCs are no longer limited to routine back-office operations. Many are increasingly involved in artificial intelligence, software development, product engineering, research and development, data analytics and global business strategy.

According to industry estimates, India's GCC market is expected to grow significantly over the coming years, with companies increasingly exploring opportunities beyond traditional metropolitan locations.

Global Corporations Are Also Exploring Emerging Indian Cities

Although Bengaluru remains a leading destination, companies are increasingly considering a multi-city strategy in India.

Hyderabad, Chennai, Pune, Mumbai and Delhi-NCR continue to attract corporate occupiers. At the same time, emerging cities such as Kochi, Coimbatore, Jaipur, Ahmedabad and Indore are gaining attention for their talent availability, operating costs and improving infrastructure.

A 2026 analysis by JLL highlights the growing importance of Tier-II cities in India's GCC expansion. These locations can offer cost advantages, access to additional talent pools and greater geographical diversification.

This shift could create new employment opportunities and encourage more balanced economic development across the country.

What Does This Mean for India's Real Estate Market?

The expansion of global corporations and GCCs is likely to have a significant impact on India's commercial and residential property markets.

As companies establish new offices and expand existing operations, demand for commercial real estate is expected to increase in locations with strong talent availability and connectivity.

The residential property market may also benefit from the resulting employment growth and migration of professionals.

Bengaluru's continued expansion could create opportunities for developers, institutional investors, landlords and property owners. However, actual investment performance will depend on factors such as property valuations, infrastructure delivery, employment growth and local housing demand.

Infrastructure and Urban Planning Will Be Critical

Bengaluru's growth prospects also bring challenges. Increasing population, traffic congestion, pressure on water resources, rising housing costs and the need for better public transportation will require sustained investment in urban infrastructure.

The city's ability to maintain its competitiveness will depend not only on attracting global companies but also on providing a sustainable and liveable urban environment for its growing workforce.

Better public transport, road connectivity, water management, affordable housing and planned urban development will be essential to support its long-term growth.

A New Phase of Growth for Indian Cities

The projection that Bengaluru could become the world's fastest-growing major city by 2035 reflects a broader transformation in the global business landscape.

India's young workforce, expanding technology capabilities and growing corporate ecosystem are creating opportunities for several Indian cities to become important global business destinations.

For the real estate sector, this development signals potential long-term demand across office, residential, rental and mixed-use property segments.

Bengaluru may lead the next decade's urban growth, but the larger opportunity lies in India's emergence as a network of globally competitive business and real estate destinations.