Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Nukleus Office Solutions’ shares debuted on the BSE SME at Rs 187.20, marking a 20% drop from issue price of Rs 234. The IPO, which raised Rs 31.70 crore, saw lukewarm investor interest with a 1.29x subscription. Funds will be used for expansion, technology, and branding initiatives.
READ MORESwiggy has shifted to a new office in DLF One Horizon, Gurgaon, a prime location that was once Zomato’s headquarters. The move was confirmed by Swiggy’s Surendhar Kumar on LinkedIn. Zomato vacated the space in 2018; meanwhile, Swiggy faces financial pressure, reporting a ₹799 crore net loss in Q3.
READ MOREThe National Payments Corporation of India (NPCI) plans to build a 5 lakh sq. ft. office in Mumbai’s Bandra Kurla Complex, consolidating operations and accommodating 5,000 employees. CEO Dilip Asbe highlights the growing need for space due to AI advancements and the rising adoption of UPI-driven credit transactions.
READ MOREIndia’s top cities saw a 7% rise in office space supply in 2024, reaching a record 515 lakh sq. ft., with Hyderabad leading the surge. Vacancy rates dipped, rental values climbed, and IT-ITeS dominated leasing, signalling strong demand for GCCs, BFSI, and flex spaces, per Vestian’s latest report.
READ MOREBollywood star Hrithik Roshan has leased his premium 9,209 sq. ft. office in Pune’s EON Kharadi complex to Regus Ruby Business Centre for ₹6.08 lakh per month. Registered on February 20, 2025, the deal underscores Pune’s booming commercial real estate sector and its appeal to top businesses.
READ MOREIndia’s Global Capability Centres (GCCs) are set to reach USD 105 billion by 2030, employing 2.8 million professionals. With 1,700 GCCs generating USD 64.6 billion, India is driving digital transformation, AI innovation, and business development, solidifying its role as a global enterprise operations hub.
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