Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
315Work Avenue plans to expand its coworking footprint by 2 million square feet in FY26 with ₹400 crore investment. The company aims to operate in 10-12 cities while competing with major players like WeWork and Awfis. India’s flexible workspace sector is booming, with demand rising across Tier-I and Tier-II cities.
READ MOREGodrej Properties has acquired a 10-acre land parcel in Yelahanka, Bengaluru, a prime commercial hub with excellent connectivity. The project, with a revenue potential of ₹2,500 crore, will feature high-street retail and commercial spaces, catering to the city’s growing demand for premium business infrastructure in a strategic location.
READ MOREPanchshil Business Spaces has leased 7.71 lakh sq. ft. to CitiCorp Services India in Kharadi, Pune, for ₹1,096 crore. The 10-year deal, among Pune’s largest, highlights the city’s commercial real estate growth. The lease includes parking, phased commencement from 2025, and a 15% rent escalation every three years.
READ MOREThe Adani Group is in advanced talks to acquire Emaar India for $1.4 billion, with a $400 million equity infusion. If finalized, the deal will expand Adani’s real estate footprint, adding to its Mumbai and Dharavi redevelopment projects. Emaar India, a key player in urban development, operates across multiple states.
READ MORE