Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Global Capability Centers (GCCs) are driving India’s office market boom, accounting for 36% of leasing since 2022. Concentrated in Bengaluru, Hyderabad, and Chennai, demand is led by tech and flexible workspace providers. Sustainability is also rising, with most leasing happening in green buildings—signaling a shift toward agile, eco-conscious workspaces.
READ MOREAhmedabad-Gandhinagar-GIFT City is emerging as India’s top Tier-II hub for Global Capability Centres, driven by world-class infrastructure, policy incentives, and a skilled workforce. With major players like IBM and Technip Energies investing, the region offers Tier-I capabilities at lower costs—making it a rising star in India’s flexible workspace landscape.
READ MOREIndia’s flexible office market is set to reach ₹600 billion by FY2027, driven by hybrid work trends, enterprise adoption, and rapid expansion across major cities. With rising demand, falling vacancies, and upcoming IPOs, flex spaces are transforming from a niche option into a core component of India’s commercial real estate landscape.
READ MOREAjay Devgn has leased a 2,545 sq. ft. office in Andheri West, Mumbai, to Bombay Design Centre for five years, starting May 2025. The rent begins at ₹5.47 lakh per month, rising later, with yields between 6.5% and 7.5%, highlighting continued investor interest in Mumbai’s premium office market.
READ MOREAccuspace is investing ₹700 crore to expand premium office, warehousing, and logistics infrastructure across India by FY26. With a focus on Tier-1 to Tier-3 cities, the Jaipur-based firm aims to deliver 20 million sq. ft. by 2030, targeting rising demand for flexible, high-quality commercial real estate nationwide.
READ MOREIndia’s commercial real estate market is set to grow fivefold by 2033, fueled by flexible work trends, green building demand, and strong investor interest. Key cities and emerging tier-2 hubs are driving growth, while sectors like co-working, logistics, and retail evolve to meet new workplace, sustainability, and consumer expectations.
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