Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
WeWork’s Chapter 11 bankruptcy plan, approved by a U.S. judge, eliminates $4 billion in Debt. The restructuring reduces rent costs by $12 billion, retains 337 locations, and sees SoftBank holding a minority stake.
READ MOREGoogle leases 649,000 square feet in Alembic City, Whitefield, Bengaluru, for Rs 4.02 crore per month. The expansion includes new office space and plans to manufacture smartphones and drones locally.
READ MOREDeloitte opens a groundbreaking ‘phygital’ innovation centre in Bengaluru, spanning 12,500 square feet. The centre aims to enhance business efficiency through advanced technologies and collaborative innovation, driving new growth.
READ MOREGlobal capability centres (GCCs) are set to dominate India’s office leasing market, accounting for 40-45% of leased space in FY25, driven by sectors like engineering, BFSI, and tech. Over 1,900 GCCs will employ 2 million by 2025, highlighting India’s robust talent pool and competitive costs.
READ MOREExplore the financial benefits of TRIOS Coworking spaces, from reduced overhead costs to flexible lease terms and access to premium amenities, for minimizing business expenses while maximizing productivity.
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