Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Facebook has renewed its Hyderabad office lease in Hitech City for ₹2.8 crore monthly rent across 3.7 lakh sq ft. With a five-year lease and a 15% rent escalation in 2026, this move highlights Hyderabad’s growing appeal. Rising rental rates solidify the city as a prime IT and commercial hub.
READ MOREDr. Manmohan Singh’s visionary reforms in 1991 and leadership from 2004-2014 transformed India’s economy and fueled a real estate boom. His policies drove 20% annual growth, record rental yields, and surged infrastructure development, attracting foreign investments and shaping modern urban landscapes. His legacy endures in India’s dynamic real estate market.
READ MOREIndia’s office leasing hit 66.4 million sq ft in 2024, led by Bengaluru, Hyderabad, and Mumbai. Flexible workspaces saw a 45% growth, contributing 20% to demand. Tech, BFSI, and large deals drove leasing while steady supply kept vacancy stable. Experts predict sustained momentum in 2025 and beyond.
READ MOREHyderabad recorded 56% growth in Grade A office space leasing in 2024, reaching 12.5 msft, driven by tech, healthcare, and flex sectors. The city contributed 19% to India’s total leasing activity, dropping vacancy levels by 90 bps. New supply and GCC-led demand position Hyderabad as a key commercial hub.
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