Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office market is set for record absorption, with net leasing projected to grow 10-11% in FY2025 to 59-60 million sq. ft., according to ICRA. Vacancy rates will remain stable, while retail leasing will grow 7-9%. Rising demand from GCCs, corporates, and resilient economic factors continue to drive expansion.
READ MORENPCI has leased two floors in Mumbai’s Oberoi Commerz III, Goregaon East, for ₹2.15 crore per month. Spanning 115,332 sq ft, the 60-month lease includes a 15% rental hike after three years. This expansion aligns with NPCI’s strategy to strengthen India’s digital payments infrastructure and operational capabilities.
READ MORENuvama-Cushman & Wakefield JV raised ₹1,700 crore under its Prime Offices Fund (PRIME) to invest in Grade A+ office spaces across India’s top cities. With a ₹3,000 crore target, the fund aims to shape world-class workspaces, reflecting strong investor confidence in India’s booming commercial real estate sector.
READ MOREIndian offices are evolving into vibrant social hubs, prioritising collaboration, comfort, and flexibility. With 62% of companies returning to the office, MillerKnoll leads the transformation with thoughtful designs like modular sofas and ergonomic lounges. By blending aesthetics and functionality, workplaces are becoming destinations employees want to return to and thrive in.
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