Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s commercial real estate is shifting to an OpEx model, prioritising flexibility and cost-efficiency. Corporations are embracing managed and co-working spaces, with leasing projected at 70 million sq. ft by 2024. Sustainability and tech-driven solutions like smart building systems further drive this trend, transforming workspace strategies for adaptability and growth.
READ MORETamil Nadu’s government launches “Mudhalvar Padaipagam,” a modern co-working facility in Chennai that boosts productivity and supports start-ups. Priced affordably, it offers high-speed internet and networking opportunities. WorkEZ’s CEO highlights the growing workspace demand in Tamil Nadu, with expansion into cities like Coimbatore and Madurai driven by cost-effectiveness and talent access.
READ MOREIndia’s coworking industry thrives as hybrid work drives demand, with flexible workspaces accounting for 21% of commercial real estate transactions in 2024. Delhi NCR leads with 92% occupancy, while players like Collative report 70% in South Delhi. Coworking spaces now support events, collaboration, and networking, poised for 30% growth by 2025.
READ MOREIndia’s real estate market will see a steady recovery and transformation in 2024. Office leasing nears pre-pandemic levels, fueled by IT and hybrid work models, while e-commerce drives warehousing demand. Residential trends favour integrated townships and sustainable green buildings. Affordable housing expands, though affordability challenges persist in major cities like Mumbai and Delhi.
READ MORETable Space has launched its first premium Suites in Hyderabad’s HITEC City, spanning 1,35,000 sq. ft with 2,200+ seats. The tech-enabled facility caters to enterprise demands for speed, flexibility, and security. Hyderabad’s growing flex space market underscores the city’s rising demand for Grade A workspaces, strengthening Table Space’s national presence.
READ MOREIndia leads the Asia-Pacific office market, driving over 70% of Q3 2024 leasing demand, fueled by a 10.7% YoY surge in regional activity. With rising rental rates, robust absorption in Bengaluru and Hyderabad, and 1.34 million square meters of new completions, India cements its position as the APAC market leader for 2025.
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