Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s real estate market is projected to reach $5.8 trillion by 2047, contributing 15.5% to GDP. Fueled by urbanisation, infrastructure growth, and strong investments, the sector is expanding across residential, commercial, and retail spaces. Domestic Institutional Investors (DIIs) continue driving momentum, ensuring sustained growth despite global market fluctuations.
READ MOREKIIFB plans a ₹90 crore office building despite mounting financial strain and underutilised government spaces. The agency spent ₹3,505 crore on debt repayment in 2023-24, with several projects still stalled. As the government reevaluates KIIFB’s revenue model, concerns over costly infrastructure investments amid shifting global work trends grow.
READ MOREBengaluru led India’s office leasing market in 2024 with 21.8 million sq. ft. of absorption, driven by GCCs, tech firms, and flexible space operators. Pan-India leasing hit 79 million sq. ft., with sustainability gaining traction—56% of leases in green-certified buildings. 2025 trends include GCC expansion, flexible spaces, and eco-friendly developments.
READ MOREKochi’s commercial real estate sector is expanding rapidly, with office space reaching 17 million sq. ft. and retail space growing at a 9% CAGR. Technology firms drive office leasing, while fashion and lifestyle brands lead retail demand. Government-backed initiatives and sustainability efforts position Kochi as a rising business hub.
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