Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
IndiQube Spaces has secured SEBI approval for an ₹850-crore IPO, including a ₹750-crore fresh issue and ₹100-crore offer for sale. The funds will support expansion, debt repayment, and corporate needs. Backed by WestBridge Capital, IndiQube aims to tap into India’s growing demand for flexible workspaces amid the hybrid work boom.
READ MOREIncuspaze has launched FlexLeaze, a new leasing segment for large and mid-sized enterprises. Led by CEO Rahul Sarin, it offers fit-out leasing solutions, enabling businesses to access premium office spaces without ownership. This expansion reinforces Incuspaze’s leadership in India’s flexible workspace sector, targeting 5 million sq. ft. by 2025.
READ MOREDev Accelerator has refiled IPO papers with SEBI, increasing its fresh issue size to 2.75 crore shares. Competing with Awfis Space Solutions, the company plans to use proceeds for expansion and corporate needs. With 25 centres across 11 cities, it aims to strengthen its presence in India’s coworking sector.
READ MOREIndia’s real estate sector will grow from Rs 40 lakh crore in 2023 to Rs 83 lakh crore by 2030, driven by urbanization, government initiatives, and commercial expansion. Office leasing and the interior fit-out industry are thriving and fueled by IT, BFSI, and hybrid work trends in major cities.
READ MOREInfrastructure planning drives India’s commercial real estate growth by enhancing connectivity, attracting investments, and boosting economic activity. Projects like the Mumbai Trans Harbour Link fuel demand for office spaces. Government initiatives like Gati Shakti and NIP streamline development, ensuring long-term sustainability and increasing property values across key business hubs.
READ MOREGlobal Capability Centres (GCCs) are revolutionising business operations by embracing flexible workspaces and offering cost-efficient and scalable solutions. India’s expanding GCC ecosystem, driven by diverse sectors, is at the forefront of digital transformation and innovation. This shift toward flexible workspaces boosts organisational agility, encourages collaboration, and redefines global business strategies.
READ MORE