Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Bengaluru leads the APAC region in flexible office space with 15.5 million sq. ft., followed by Delhi NCR at 10.7 million sq. ft. India’s flexible office market saw substantial growth, particularly in Delhi NCR, driven by rising demand for managed solutions and sustainable business models.
READ MORENukleus Office Solutions’ SME IPO, aiming to raise Rs 32 crore, is 87% subscribed on its final day. The price band is set at Rs 234 per share. The IPO proceeds fund capital expenditure, new centres, technology development, and advertising. Listing is scheduled for March 4 on BSE SME platform.
READ MORETable Space has launched a 30,000 sq ft premium workspace in Mumbai at Raheja Altimus, Worli, expanding its footprint in the city. The company now operates over 75 centres across seven Indian cities, with a portfolio of 10.5 million sq ft of custom workspaces as of December 2024.
READ MOREMumbai’s GST department has ordered HDFC and ICICI Bank to provisionally attach Awfis’ bank accounts over alleged excess ITC claims of Rs 4.42 crore for October 2024. Awfis clarified the amount was initially claimed but reversed after a Supreme Court ruling, which was later overturned in January 2025.
READ MOREIndia’s office space supply reached a record 515 lakh square feet in 2024, with leasing activity hitting 707 lakh square feet, driven by demand from IT-ITeS and global capability centres. While Chennai’s supply declined, Hyderabad, Bengaluru, and Delhi-NCR saw significant growth. The IT sector continues to lead leasing activity.
READ MOREIndia’s office space supply reached 515 lakh sq ft in 2024, fueled by strong demand for IT-ITeS and global capability centres. Leasing activity surged to 707 lakh sq ft, up 16% from 2023. Hyderabad, Bengaluru, and Delhi-NCR saw significant growth, while Chennai experienced decline. The IT sector continues to lead.
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