Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Space Matrix has designed a future-ready office for IMC India Securities, aligning with the company’s rapid growth and collaborative culture. The new workspace blends flexible layouts, advanced technology, and biophilic design to boost employee well-being, productivity, and innovation, setting a new benchmark in modern workplace design.
READ MOREAzhar Iqubal, Co-founder of Inshorts and Shark Tank India judge, has chosen Ofis Square’s Noida centre for his new venture, Fenado. Fenado is an AI-powered platform enabling entrepreneurs to build apps and websites without coding. Ofis Square’s collaborative environment supports startups and innovation, solidifying its position in India’s coworking landscape.
READ MORESaptashree Group has launched AI Thane, India’s first AI-powered IT park in Thane’s Wagle Estate. The Rs 500 crore project aims to revolutionize commercial real estate with advanced AI features, including human-less parking, facial recognition, and smart energy optimization. It’s expected to generate significant revenue and attract luxury brands.
READ MOREOffice rents in India’s top seven cities rose 4% to 8.2% in 2024, driven by strong economic growth and rising demand for premium spaces. While global markets like New York and Shanghai saw rental declines, India’s commercial real estate sector continues to attract global firms and investors.
READ MOREPrivate equity investment in Indian real estate rose 35% year-on-year to $748 million in Q4 FY25, primarily driven by residential projects and foreign interest in commercial spaces. Savills India reported that Bengaluru, Mumbai, Pune, and Delhi-NCR led the inflows, with APAC investors contributing over half of the foreign capital.
READ MOREIndia’s office space leasing market defies global trends, with a 16% growth in 2024, driven by demand from the IT sector and global capability centres. Affordable rents, a skilled workforce, and urbanisation make India a top destination for multinational companies. The broader real estate sector is also thriving despite challenges.
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