Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Ahmedabad-Gandhinagar-GIFT City is emerging as India’s top Tier-II hub for Global Capability Centres, driven by world-class infrastructure, policy incentives, and a skilled workforce. With major players like IBM and Technip Energies investing, the region offers Tier-I capabilities at lower costs—making it a rising star in India’s flexible workspace landscape.
READ MOREIndia’s flexible office market is set to reach ₹600 billion by FY2027, driven by hybrid work trends, enterprise adoption, and rapid expansion across major cities. With rising demand, falling vacancies, and upcoming IPOs, flex spaces are transforming from a niche option into a core component of India’s commercial real estate landscape.
READ MOREAjay Devgn has leased a 2,545 sq. ft. office in Andheri West, Mumbai, to Bombay Design Centre for five years, starting May 2025. The rent begins at ₹5.47 lakh per month, rising later, with yields between 6.5% and 7.5%, highlighting continued investor interest in Mumbai’s premium office market.
READ MOREAccuspace is investing ₹700 crore to expand premium office, warehousing, and logistics infrastructure across India by FY26. With a focus on Tier-1 to Tier-3 cities, the Jaipur-based firm aims to deliver 20 million sq. ft. by 2030, targeting rising demand for flexible, high-quality commercial real estate nationwide.
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