Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
IBM is in talks to lease 260,000 sq ft at Gurgaon’s TRIL Tower, highlighting India’s booming office leasing market, expected to reach 85 million sq ft in 2024. Driven by Global Capability Centres (GCCs) and premium infrastructure demand, Gurgaon leads as a commercial hub amidst India’s 70% APAC net absorption share.
READ MOREMumbai’s commercial real estate market hit new highs in 2024, with top lease deals led by Morgan Stanley (₹15.96 crore monthly for 1 million sq ft) and IMC India (₹700/sq ft in BKC). Rising rentals in BKC, Goregaon, and Worli reflect growing demand from global firms, solidifying Mumbai’s status as a business hub.
READ MOREFacebook 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.
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