Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Prime Offices Fund (PRIME), managed by NCW, has acquired the premium Prius Platinum office space in South Delhi for ₹750 crore. The 3 lakh sq ft Grade A property is 95% leased and ESG-compliant. This move strengthens PRIME’s strategy of investing in sustainable, income-generating commercial assets across India.
READ MOREMudhalvar Padaippagam, India’s first government-run coworking space in Chennai, offers modern amenities at ultra-low rates, starting at just Rs 50. It is designed for startups and students and includes workstations, a library, and study zones. Its success has prompted plans to expand across North Chennai and potentially statewide.
READ MOREDLF Group plans to invest Rs 10,000 crore over two years to expand its premium office and retail portfolio, boosting rental income. With 45 million sq ft of commercial assets and key joint ventures, DLF is developing major projects in Gurugram, Noida, and Chennai, capitalising on the growing demand for flexible workspaces.
READ MOREIndia’s commercial office rental market is booming, with Mumbai leading a 28% rise and Hyderabad close behind at 24.1%. Driven by Global Capability Centres, BFSI, and tech firms, prime metros show strong demand for Grade A spaces. Investor confidence remains high as India redefines the future of work.
READ MOREAs India’s GCCs shift from support roles to strategic hubs, real estate must evolve beyond infrastructure. This article explores how flexible, tech-enabled, and people-centric workspaces are becoming core to GCC growth, talent retention, and enterprise continuity in India’s top business cities.
READ MOREOfis Square hosted Knight Frank India at its MG Road centre to explore strategic collaboration in the flexible office sector. The event highlighted the rising demand for agile workspaces driven by hybrid work models. It reinforced both companies’ commitment to innovating India’s commercial real estate landscape through partnership and shared vision.
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