Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis introduces ‘Elite,’ an ultra-premium coworking solution designed for GCCs, with exclusive features like biophilic pods and wellness zones. Backed by strong financial growth, Awfis is expanding into metro cities while targeting tier-II markets, revolutionizing India’s coworking landscape with innovation and luxury.
READ MOREIndia’s coworking sector is booming, driven by hybrid work models, rising office rents, and IPO activity. Awfis, Smartworks, and DevX lead the IPO wave, while expansion into Tier-II and Tier-III cities signals future growth. Flexible workspaces now account for 15% of leasing, with demand projected to grow 60% by 2028.
READ MOREAwfis Space Solutions will design, build, and manage 1.65 lakh sq ft of office space for NSE in Mumbai’s Adani Inspire building, expanding its footprint in BKC. The deal reflects Awfis’ leadership in the flex space sector, which is driven by rising demand and strong financial growth, including a 40.5% revenue surge.
READ MOREBrigade Group is set to transform Hyderabad’s skyline with South India’s tallest tower in Kokapet. Rising over 200 meters, the landmark will feature World Trade Center-branded office spaces, a seven-story Orion Mall, and a luxury Intercontinental hotel, redefining urban sophistication and boosting Hyderabad’s status as a global business destination.
READ MORECapitaLand Investment (CLI) secures over SGD 1 billion for its India Growth Fund 2 (CIGF2) with Daibiru Corporation’s SGD 131 million investment. Focused on premium business parks, CIGF2 targets India’s gateway cities. Backed by Mitsubishi Estate, CLI’s asset-light model attracts global tenants and underscores international confidence in India’s commercial real estate market.
READ MOREAmazon India is relocating its Bengaluru headquarters to reduce costs, saving nearly ₹8 crore annually on rent. The move affects 5,000 employees and raises challenges for landlord Brigade Enterprises. Meanwhile, Amazon’s logistics and payments units show steady growth, and its wholesale division reduces losses amid stricter FDI regulations in India.
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