I understand that it actually says minimum requirement for the GPU is 600watts, I was wondering if it is possible to run with a 525w PSU or upgrading the PSU is a must.
That depends on the rest of your PC. But more is always better for something thats 600w you'd want at least 650w. No PSU gives its full wattage and if it drops below what you need you could permanently damage your PC.
My PC uses about 350 watts on load, so a 420 watt psu works for me. A good brand PSU will serve your components well, a cheap one will fry 'em eventually.
Historically, my first PC came with a PSU that was cheap and it did kill components one at a time. Hence, I won't use a cheap/unreliable PSU ever again.
You'll want to make sure that you have some headroom and utilization of 80% of your PSU at a minimum.
Thermal and Power Specs:
98 C = Maximum GPU Temperature (in C)
230 W = Graphics Card Power (W)
600 W = Minimum Recommended System Power (W)
One 8-pin and one 6-pinSupplementary Power Connectors
Thermal and Power Specs:
97 C = Maximum GPU Temperature (in C)
170 W = Graphics Card Power (W)
500 W = Minimum Recommended System Power (W)
Two 6-pinSupplementary Power Connectors
For SLI, add the two numbers together ..... 170 + 500 = 670 for 760 for example