Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Google leases 649,000 square feet in Alembic City, Whitefield, Bengaluru, for Rs 4.02 crore per month. The expansion includes new office space and plans to manufacture smartphones and drones locally.
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 MOREGoa’s Tourism Minister Rohan Khaunte plans to transform Goa into a digital nomad hub by enhancing internet infrastructure and creating beachside coworking spaces. The initiative aims to boost the local economy and attract high-spending remote workers. Additionally, Goa is advocating for a digital nomad visa to facilitate long-term stays.
READ MOREGlobal corporations are flocking to Chennai, driving high demand for flexible office spaces. From April to June 2024, 0.7 million sq. ft. was leased to flexi-space operators. Companies favour operational over capital expenses, with key micro markets in OMR and Guindy seeing significant activity.
READ MOREIndia’s Global Capability Centres (GCCs) leased nearly 23,000 coworking desks in 2024, driven by cost efficiency and skilled talent. With Bengaluru leading in IT/ITeS sector occupancy, GCC demand for flexible spaces surged. Economic shifts abroad and India’s stable environment further attract multinational firms to coworking solutions.
READ MOREGlobal Capability Centers (GCCs) are driving a surge in India’s office space demand, with 53 million square feet leased since 2022. As 67% of GCCs plan to expand further, developers are focused on creating premium office spaces, particularly in regions like Delhi-NCR and Gurugram, to meet this growing demand.
READ MORE