Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
BNP Paribas has leased 3,497 sq ft at Maker Maxity, BKC, for ₹811 per sq ft per month, totalling ₹28.36 lakh monthly. The five-year lease includes a 5% annual rent escalation. This follows Tesla’s recent ₹881 per sq ft lease, reinforcing BKC’s status as India’s costliest office market.
READ MOREDLF’s rental arm, DCCDL, is investing ₹6,000 crore to develop 7.5 million sq ft of Grade A+ office and retail spaces in Gurugram. Driven by rising demand from global firms and GCCs, the expansion includes DLF Downtown and DLF Mall of India, reinforcing DLF’s leadership in India’s commercial real estate.
READ MOREIndia’s office market reached an all-time high in 2024, with 515 lakh sq ft of new office space added across seven major cities. Despite economic challenges, demand for Grade-A spaces remained strong. Hyderabad and Bengaluru led new completions while rental prices steadily increased.
READ MOREIndia drove 16% YoY growth in APAC’s office demand, leasing 37 million sq ft in H2 2024. Tech firms and flex operators fueled leasing, while new supply rose 7% YoY. Experts predict continued growth in 2025, increasing demand for modern, flexible, and sustainable office spaces.
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