Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Explore the rise of green buildings in the real estate sector, highlighting their environmental, economic, and social benefits. Check out critical parameters like energy efficiency, water conservation, and sustainable materials while examining technological innovations and green building certifications. Case studies and future trends showcase the promise of green buildings in fostering sustainability and resilience in the built environment.
READ MORECo-working spaces in India offer cost-efficient solutions for businesses, including flexible leases and opportunities to enhance productivity and collaboration. These flexible workspaces are crucial in supporting business growth, contributing to the commercial real estate sector, and driving economic impact in India’s business landscape, especially with the increasing trend of flexible work arrangements.
READ MOREIndia’s flexible office spaces hit a record 2.6 million sq ft leased in Q2 2024, reflecting strong demand despite WeWork’s exit. Mumbai led with a 119% increase. Overall, office leasing rose 19% in H1 2024, with Colliers forecasting continued growth in the sector driven by economic resilience and quality demand.
READ MOREPayPal India renews its 2.6 lakh sq ft office lease for ten years at Futura Tech Park, Chennai. The park, managed by X Office Parks, houses major IT firms. This renewal highlights a resurgence in office leasing post-COVID, with significant activity in Xander’s 11.5 million sq ft portfolio across India.
READ MOREAwfis Space Solutions aims to expand its portfolio by 50% to 135,000 seats by FY25, focusing on managed office spaces. Deputy CEO Sumit Lakhani highlights a 30% revenue growth target driven by new centre openings and higher occupancy rates. Recent additions include 15,084 new seats in 22 centres.
READ MOREWeWork India appoints Janak Malkani as Head of Managed Office to drive expansion. With 18 years of real estate experience, Malkani will lead sales in the West region. WeWork India’s Managed Office portfolio, covering over 2 million square feet, is key to meeting the growing demand for flexible workspace solutions.
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