Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
The Executive Centre (TEC) has reported a 31% revenue growth in India, reaching Rs 475 crore in 2023. This surge is attributed to expanding its premium, flexible workspaces across major cities, meeting the increased demand post-COVID. TEC now operates 40 centres with high occupancy rates in India.
READ MORECapitaLand India Trust has sealed a deal to acquire IT buildings covering 2.5 million sqft in Hyderabad’s HITEC City. This strategic purchase, expected to enhance unitholder earnings, fortifies CLINT’s presence in a vital tech hub and promises robust regional growth.
READ MOREEmbassy Office Parks REIT announces a Rs 3,800 crore investment to develop 61 lakh sq ft of premium office space in Bengaluru to expand its rental portfolio. The project, part of a broader strategy to meet rising demand, will enhance the Embassy’s 36.5 million sq ft portfolio.
READ MOREAwfis has expanded its footprint in South India, launching 11 new centres with 8,000 seats across Bengaluru, Chennai, Hyderabad, and Kochi. This $10 million investment boosts its national presence to 150 centres, offering modern workspaces in key business locales.
READ MOREThis article explores “what is office peacocking,” a trend where businesses transform their workspaces into attractive, functional environments to entice employees back to the office, focusing on design elements that enhance productivity and employee satisfaction.
READ MOREEmbassy Group plans to take WeWork India public to capitalise on the growing demand for flexible workspaces. This IPO intends to accelerate WeWork India’s expansion and strengthen its market position, aligning with the Embassy’s strategy to support entrepreneurial communities and enhance workplace dynamics.
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