Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s real estate market is projected to grow to $1 trillion by 2030, fueled by PropTech advancements, urbanisation, and digital platforms. Aurum PropTech highlights opportunities in rental housing, SM-REITs, and AI-driven innovations. With 75% of buyers using digital tools, the sector is rapidly evolving, shaping a dynamic and inclusive future.
READ MOREIndia inaugurated the CSIR Mega Innovation Complex in Mumbai on January 17, 2025, to support start-ups and MSMEs. Spanning nine floors, it features 24 incubation labs and office spaces. With six MOAs signed and 50 technology transfers completed, the facility strengthens India’s push for innovation, research commercialisation, and self-reliance.
READ MORETable Space plans a $2.5 billion IPO next year, hiring Axis as bookrunner. The managed workspace provider, backed by Hillhouse Investment, operates 60+ centres across India and aims to double its 9.5 million sq ft portfolio. Amid strong market demand, its IPO follows Awfis’ successful public debut and rising workspace investments.
READ MOREAccording to Knight Frank India, NCR’s office market hit a record 12.7 million sq. ft. leasing in 2024, with deal sizes rising 29% YoY. Noida saw a 48% surge, while Gurugram remained dominant. Flexible workspaces grew 2.4x, reflecting the shift towards hybrid work and high-quality office space demand.
READ MORESanofi Healthcare India has leased 270,000 sq ft in Hitech City, Hyderabad, securing six floors in RMZ Spire-Tower 110. The INR 2.05 crore per month lease includes a five-year lock-in period and a 15% rent hike after three years, reinforcing Sanofi’s expansion strategy and commitment to India’s healthcare sector.
READ MOREMumbai and New Delhi rank 5th and 8th in CBRE’s 2025 APAC Investor Intentions Survey, highlighting India’s rising real estate appeal. Foreign investments hit $11.4 billion in 2024, with Singapore leading. Investors prioritise office spaces, data centres, and ESG projects, signalling strong growth in India’s commercial real estate sector.
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