Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Kolkata’s office market hit record net leasing of 1.5M sq ft in 2024, driven by IT-BPO, BFSI, and consulting demand. Significant deals and robust 2025 supply pipelines position the city as a growing commercial hub, contributing to India’s 89M sq ft office leasing milestone across major cities.
READ MOREIndia’s office space sector hit 71.9 million sq ft in 2024, a 20% YoY growth driven by Bengaluru and NCR. Flex spaces surged with 52% growth, while Hyderabad and Pune faced rising vacancies. Demand outpaced supply, boosting rents. Key markets and hybrid work models fuel India’s commercial real estate boom.
READ MOREGoogle has leased 5.5 lakh sq ft of office space in Gurugram with Table Space, marking one of India’s largest managed workspace deals. The agreement includes an expansion option of 2 lakh sq ft. This move reflects the booming demand for Grade A office spaces as tech firms expand in India.
READ MOREIndia’s coworking sector hit a record high in 2024, leasing 125 lakh sq ft of office space—44% more than in 2023. Driven by demand for flexibility and cost-efficiency, major cities like Bengaluru and Mumbai lead growth. Experts predict further expansion, with flex spaces becoming strategic assets for businesses adopting hybrid work models.
READ MORESmartworks has leased 4.8 lakh sq ft in DLF City Phase 5, Gurugram, for ₹94.68 crore annually, marking a significant expansion. The six-year deal includes six floors, parking for 794 cars, and rental escalation. This move reinforces Smartworks’ leadership in coworking, aligning with the rising demand for flexible, enterprise-grade office solutions.
READ MOREBollywood celebrities invested nearly ₹400 crore in Mumbai real estate in 2024, with Amitabh Bachchan and Shahid Kapoor leading the pack. From luxury apartments to strategic hubs, their purchases highlight a trend of combining lifestyle, status, and financial growth in India’s premium property market.
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