Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Panchshil 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 MOREBerkadia’s fourth CRE Symposium in Hyderabad brought together industry leaders to discuss macroeconomic trends, AI, fraud prevention, and the impact of the U.S. political landscape on real estate. With 700 attendees, the event highlighted India’s growing role in the industry and Berkadia’s commitment to global collaboration and innovation in commercial real estate.
READ MOREGlobal Capability Centers (GCCs) have driven a record surge in commercial real estate leasing by India’s BFSI sector, reaching 31 million sq. ft. from 2022-2024. Global firms accounted for 59% of the leasing, with strong domestic demand in Mumbai. India’s talent and digital growth fuel this expansion.
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