Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
YEIDA’s new 27,800-square-meter office near the Yamuna Expressway in Noida is set to be a model of sustainable, future-ready design. With features like a rooftop solar plant, EV charging stations, and a 5-star GRIHA rating, the facility aims to blend green architecture with modern, people-first workplace amenities.
READ MORESteelcase Inc.’s Indian arm has leased 130,000 sq ft of industrial space at IndoSpace Industrial Park in Pune’s Chakan for over five years. The deal reflects India’s growing demand for premium industrial spaces, driven by sectors like e-commerce, manufacturing, and logistics, signalling confidence in the country’s economic growth.
READ MOREIncuspaze has leased 2.5 lakh sq ft at Olympia Crest in Chennai’s IT corridor to launch a 4,000-seat managed workspace. This move aligns with the rising demand for flexible offices, especially from global firms in India, and marks the company’s continued nationwide expansion.
READ MOREAlternative Investment Funds (AIFs) have invested nearly ₹74,000 crore in Indian real estate by December 2024, making it the top-funded sector, according to Anarock. This surge highlights real estate’s evolving role as a financial asset, with AIFs bridging capital gaps and attracting domestic and foreign investors.
READ MOREHyderabad leads India’s green office leasing in 2024, with 68% of its leasing activity in green-certified spaces. Nationwide, green-certified offices account for 66% of Grade A stock. The demand for sustainable buildings is rising, driven by higher occupancy, rental premiums, and a push for energy efficiency across various sectors.
READ MOREIndia’s green office space is set to reach 700 million square feet within the next 2-3 years, with green-certified buildings accounting for 80-85% of leasing activity. Bengaluru, Delhi-NCR, and Hyderabad lead in green office stock, contributing to India’s push toward a sustainable, low-carbon economy in real estate.
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