Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office spaces are transforming, with flex workspaces, hybrid models, and wellness-focused designs leading. By 2025, coworking spaces will account for 15-20% of demand. Mixed-use developments, resi-mercial spaces, and smart technologies are reshaping real estate, with Tier II cities emerging as key growth hubs for innovation and sustainability.
READ MOREIndia’s flex space sector is thriving, with $820M in funding since 2017 and 52.9M sq. ft. leased. Key players like BHIVE and WeWork India are driving growth through IPO plans, innovation, and expansion. Surging demand from startups to SMEs highlights the sector’s pivotal role in reshaping modern workplaces.
READ MOREIndiQube transitioned to a public limited company, paving the way for its IPO. The coworking leader turned profitable in FY23 with ₹592.41 Cr in revenue and aims to raise ₹1,000–1,500 Cr to scale its dynamic growth.
READ MOREActor Manish Paul rents a 1,200 sq. ft. office in Mumbai’s Andheri West for ₹2 lakh per month, joining Bollywood stars investing in commercial real estate. Celebrities like Madhuri Dixit, Ajay Devgn, and Amitabh Bachchan leverage Mumbai’s high yields, with Grade-A spaces offering 6-8% annual returns in prime locations.
READ MOREGoa boosts digital nomad appeal with free Wi-Fi and coworking spaces, while Treebo launches Medalio for mid-market travellers. Indian arrivals to Thailand surpass pre-pandemic levels, driven by extended visa waivers. Paytm reports concert travel growth, and Oberoi’s RISE program aims to upskill 2,000 hospitality trainees annually by 2025.
READ MOREIndia’s real estate PE investments surged 32% to $4.2 billion in 2024, led by warehousing ($1.9 billion), residential ($1.2 billion), and office sectors. Mumbai dominated with $2 billion investments, while Bengaluru and Hyderabad attracted strong interest. Growth in e-commerce and robust residential demand highlight India’s rising appeal to global investors.
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