Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Office space demand across Asia Pacific surged 15.9% to 8.8 million sqm in 2024, driven by corporate expansion, return-to-office trends, and global capability centres. India led in new supply, while overall vacancy remained stable. Colliers predicts continued growth and resilience in the APAC office leasing market in 2025.
READ MOREDLF has sold its 25.9-acre IT SEZ in Kolkata, including the DLF Tech Park, to Srijan Group for ₹693 crore. This move aligns with DLF’s strategy to monetize non-core commercial assets and refocus on high-performing markets like Delhi-NCR and Chennai.
READ MOREThe Trump Organization has announced its ₹1,200 crore luxury residential project, Trump Residences Gurgaon, marking its second venture in India. The project will feature two 51-story towers with high-end amenities, targeting ₹3,500 crore in sales. It reflects the company’s expanding footprint in India’s luxury real estate market.
READ MOREIndia’s office space market saw a strong recovery in Q1 2023, with net leasing up 54% and gross leasing reaching a record high. The surge highlights renewed interest in traditional offices and flexible workspace solutions across major cities, driven by corporate demand and hybrid work strategies.
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