Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s coworking sector hit a record high in 2024, leasing 125 lakh sq ft of office space—44% more than in 2023. Driven by demand for flexibility and cost-efficiency, major cities like Bengaluru and Mumbai lead growth. Experts predict further expansion, with flex spaces becoming strategic assets for businesses adopting hybrid work models.
READ MORESmartworks has leased 4.8 lakh sq ft in DLF City Phase 5, Gurugram, for ₹94.68 crore annually, marking a significant expansion. The six-year deal includes six floors, parking for 794 cars, and rental escalation. This move reinforces Smartworks’ leadership in coworking, aligning with the rising demand for flexible, enterprise-grade office solutions.
READ MOREBollywood celebrities invested nearly ₹400 crore in Mumbai real estate in 2024, with Amitabh Bachchan and Shahid Kapoor leading the pack. From luxury apartments to strategic hubs, their purchases highlight a trend of combining lifestyle, status, and financial growth in India’s premium property market.
READ MOREAndhra Pradesh plans 150,000 co-working seats by 2025 to empower women and boost rural economies. Chief Minister N. Chandrababu Naidu emphasises flexible work options to utilise women’s skills, enhance family incomes, and drive state growth. Innovation hubs will also provide skill training, linking industries and educational institutions for job readiness.
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