Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s real estate sector is set for growth in 2025, driven by regulatory reforms, demand for Grade A offices, and expansion in Tier-II and III cities. With sustainability and green-certified developments shaping the future, industrial, warehousing, and alternative asset classes like data centres will gain traction.
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 MOREIndia’s office market is set to become the “Office to the World,” with record leasing volumes projected for 2024. The first half saw 33.5 million sq ft leased, driven by Global Capability Centres and sectoral solid performances. Key cities like Bengaluru and Delhi NCR led the growth, reflecting positive market sentiments.
READ MOREIndia’s first Commercial Property Rental Index reveals a 3.6% CAGR in office rentals over five years. Pune leads with 6.9% growth, followed by Chennai and Bengaluru. The index highlights post-pandemic recovery, consistent growth in Bengaluru, and emerging trends, positioning India’s office market for sustained growth.
READ MOREIndia’s office leasing sector is set to reach a record 85 million sq ft in 2024, driven by IT-BPM, BFSI, and GCCs. Fresh leasing dominates while demand for Grade A spaces in prime locations grows. Rising rents and sustainability trends shape a dynamic commercial real estate market.
READ MOREIndia’s office space market saw remarkable growth in 2024, with gross leasing across six major cities rising 14% year-on-year to an all-time high of 66.4 million square feet, according to Colliers India. The surge in demand highlights the resilience and dynamism of the commercial real estate sector, driven largely by technology firms, engineering and manufacturing companies, and financial services providers.
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