Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Berkadia’s fourth CRE Symposium in Hyderabad brought together industry leaders to discuss macroeconomic trends, AI, fraud prevention, and the impact of the U.S. political landscape on real estate. With 700 attendees, the event highlighted India’s growing role in the industry and Berkadia’s commitment to global collaboration and innovation in commercial real estate.
READ MOREGlobal Capability Centers (GCCs) have driven a record surge in commercial real estate leasing by India’s BFSI sector, reaching 31 million sq. ft. from 2022-2024. Global firms accounted for 59% of the leasing, with strong domestic demand in Mumbai. India’s talent and digital growth fuel this expansion.
READ MOREIndia’s office fit-out costs are rising, with Mumbai leading at $73 per sq. ft., followed by Delhi and Bengaluru. Despite a 3% increase, India remains cost-effective in APAC. Companies are investing in premium, tech-enabled, and sustainable workspaces. Flexible office models and sustainability initiatives are also shaping workplace trends.
READ MOREDLF is set to invest Rs 20,000 crore to expand its commercial real estate portfolio, focusing on office and retail spaces. With plans to grow rental assets from 44 to 73 million square feet, the company aims for long-term market dominance, including significant developments in Gurugram under its DCCDL venture.
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