Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s real estate sector is set for growth in 2025, driven by regulatory reforms, demand for Grade A offices, and expansion in Tier-II and III cities. With sustainability and green-certified developments shaping the future, industrial, warehousing, and alternative asset classes like data centres will gain traction.
READ MOREIndia’s office leasing sector is set to reach a record 85 million sq ft in 2024, driven by IT-BPM, BFSI, and GCCs. Fresh leasing dominates while demand for Grade A spaces in prime locations grows. Rising rents and sustainability trends shape a dynamic commercial real estate market.
READ MOREICICI Securities raises Awfis Space Solutions’ target price to ₹1,049, indicating 44% growth potential. Backed by a unique asset-light model, 31% revenue CAGR, and 53% EBITDA CAGR (FY24–27), Awfis is expanding rapidly despite market competition and potential office leasing slowdowns.
READ MOREWelspun partners with WTCA to develop India’s tallest mixed-use urban distribution centre in Thane. Spanning 1 million sq ft across 14 levels, this ₹800 crore project integrates retail, office spaces, F&B, and logistics, setting new benchmarks for urban commercial real estate and sustainable infrastructure.
READ MOREIncuspaze has leased 100,000 square feet at HQ27 in Gurugram, providing over 1,500 premium workspaces in a Grade A facility. The office is equipped with modern amenities, offers strategic connectivity, and features a design focused on sustainability. This expansion enhances Incuspaze’s presence across India, responding to the growing demand for flexible office spaces.
READ MOREWeWork India expands with new leases in DLF Cybercity, Gurugram, and Chennai, adding 3.43 lakh sq ft and over 3,300 desks. Scheduled to open in 2025, the move highlights rising demand for flexible workspaces. With FY24 revenue up 26.7% to ₹1,665 crore, WeWork leads India’s coworking market.
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