Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
According to Knight Frank, Nariman Point, Mumbai’s iconic commercial hub, is expected to double office rents by 2030, rising from Rs 569 to Rs 1,091 per sq ft. The area’s resurgence is driven by infrastructure upgrades, growing demand for premium office space, and strong investor interest.
READ MOREMySoho is transforming India’s Tier-II cities by boldly expanding into 25 locations by 2025. It offers premium, flexible office spaces tailored for startups, SMEs, and IT firms. Focused on private offices and customisable layouts, MySoho’s asset-light model enables rapid growth, setting a new standard in emerging urban workspaces.
READ MOREMyBranch celebrates its presence in the 75th city by opening a new branch in Ambala Cantt, Haryana, solidifying its leadership in flexible office solutions. Spanning 5,800 sq ft, the facility offers modern amenities catering to IT, BFSI, and more industries. With a footprint in all 28 states, MyBranch plans further expansion, adding 50,000 sq ft soon.
READ MOREMVN Aero One Mall leases 3 lakh sq ft to Spring House Co-Working in Gurugram. This integration of premium co-working spaces within a retail environment offers a dynamic work-life balance. Strategically located on Dwarka Expressway, it features future-ready infrastructure and plans for luxury residential projects, setting new standards in commercial real estate.
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 MOREMumbai’s office market saw a 79% year-on-year growth in H1 2024, with transactions reaching 5.8 million sq ft and new completions rising by 205%. Average office rents increased by 4%, reflecting strong demand. The residential market also thrived, with a 16% increase in sales and a 4% price rise.
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