Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Andhra Pradesh plans 150,000 co-working seats by 2025 to empower women and boost rural economies. Chief Minister N. Chandrababu Naidu emphasises flexible work options to utilise women’s skills, enhance family incomes, and drive state growth. Innovation hubs will also provide skill training, linking industries and educational institutions for job readiness.
READ MOREWeWork 37 Cunningham, spanning 61,120 sq ft on Bengaluru’s Cunningham Road, sets a new benchmark for premium workspaces. It is designed for executives and Fortune 500 leaders and features elegant interiors, bespoke services, ergonomic designs, and sustainable technology. This LEED-certified space combines productivity, style, and eco-consciousness for modern corporate needs.
READ MOREIndiQube files for a ₹850 crore IPO to fund expansion, debt repayment, and corporate needs. Managing 103 centers across 13 cities, the workspace provider reported ₹868 crore in revenue in FY24. Backed by WestBridge Capital, IndiQube targets India’s growing flexible workspace demand, projected to hit 124 million sq ft by 2027.
READ MOREIBM is in talks to lease 260,000 sq ft at Gurgaon’s TRIL Tower, highlighting India’s booming office leasing market, expected to reach 85 million sq ft in 2024. Driven by Global Capability Centres (GCCs) and premium infrastructure demand, Gurgaon leads as a commercial hub amidst India’s 70% APAC net absorption share.
READ MOREMumbai’s commercial real estate market hit new highs in 2024, with top lease deals led by Morgan Stanley (₹15.96 crore monthly for 1 million sq ft) and IMC India (₹700/sq ft in BKC). Rising rentals in BKC, Goregaon, and Worli reflect growing demand from global firms, solidifying Mumbai’s status as a business hub.
READ MOREFacebook has renewed its Hyderabad office lease in Hitech City for ₹2.8 crore monthly rent across 3.7 lakh sq ft. With a five-year lease and a 15% rent escalation in 2026, this move highlights Hyderabad’s growing appeal. Rising rental rates solidify the city as a prime IT and commercial hub.
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