Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
IndiQube, a Bengaluru-based coworking provider, plans to raise INR 1,000-1,500 Cr through an IPO, primarily via fresh share issuance. The company, which operates in 12 cities and serves clients like Walmart and Philips, aims to file its draft red herring prospectus within three months.
READ MOREIncuspaze has expanded its Bengaluru operations by leasing 3.25 lakh sq ft at QUBE Software Park on Outer Ring Road, adding over 5,000 seats. This follows their recent 1.56 lakh sq ft lease in Whitefield. With plans to add 2 million sq ft in southern India, Incuspaze continues its rapid growth.
READ MOREThe BFSI sector is transitioning toward flexible office spaces, driven by the need for scalability, cost management, and agility. This shift transforms BFSI companies’ operations while ensuring compliance and security in a dynamic workspace environment.
READ MORESmartworks Coworking Spaces is launching a ₹5.5 billion IPO, including an offer to sell 6.7 million equity shares. Legal counsel from Khaitan & Co and Economic Laws Practice (ELP) oversees the process, marking a significant milestone for Smartworks as it expands in India’s growing coworking industry.
READ MOREKangana Ranaut has purchased a 407 sq ft office space in Mumbai’s Andheri for ₹1.56 crore. This transaction is part of a growing trend of Bollywood stars investing in commercial real estate, with high-profile personalities seeking lucrative returns from office and retail properties in prime locations across Mumbai.
READ MORENet office leasing in India is projected to grow 10-12% to 41-43 million sq ft in FY25, driven by strong demand from GCCs, BFSI, and manufacturing sectors. Vacancy rates are stabilising, and GCCs are expected to account for 40-45% of total net leasing, signalling continued growth in commercial real estate.
READ MORE