Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Kangana Ranaut has purchased a 407 sq ft office space in Mumbai’s Andheri for ₹1.56 crore. This transaction is part of a growing trend of Bollywood stars investing in commercial real estate, with high-profile personalities seeking lucrative returns from office and retail properties in prime locations across Mumbai.
READ MORENet office leasing in India is projected to grow 10-12% to 41-43 million sq ft in FY25, driven by strong demand from GCCs, BFSI, and manufacturing sectors. Vacancy rates are stabilising, and GCCs are expected to account for 40-45% of total net leasing, signalling continued growth in commercial real estate.
READ MORECiena has leased 135,000 square feet of office space in Gurugram’s TRIL Tower to expand its India operations. This move reflects the growing demand for office spaces in the NCR, particularly as SEZs open up. Ciena’s expansion underscores India’s rising importance in the global tech landscape and hybrid work trends.
READ MORECognizant is selling its Chennai headquarters, valued at ₹750-800 crore, as part of its plan to consolidate operations at its MEPZ campus. The 15-acre property has been Cognizant’s base for two decades. The sale, managed by JLL, follows the company’s broader operational shift and ongoing legal challenges.
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