Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office leasing market is set to grow 10-11% in FY25, with net absorption reaching 59-60 million sq. ft., according to ICRA. Despite a surge in new supply, vacancy rates will remain stable. Strong GCCs and flex operators demand drives record leasing, reinforcing India’s commercial real estate momentum.
READ MOREWeWork India earns ISO 14001 and ISO 45001 certifications across its portfolio, highlighting its commitment to environmental sustainability and workplace safety. With 63 centres across eight cities and over 1 lakh desks, the company continues to lead India’s flexible workspace sector by delivering globally recognized standards and tailored solutions.
READ MOREWipro CIB unveils MyWiproVerse Hyderabad, a 2,000 sq. ft. IoT-powered experience centre showcasing innovative workspace solutions. Featuring human-centric lighting, ergonomic seating, and sustainable technology, it caters to designers and leaders seeking smart, future-ready offices. The centre highlights Wipro’s commitment to health, productivity, and cutting-edge design excellence.
READ MOREApple India has set a new record with its ₹738 per sq ft lease for 6,526 sq ft of office space in Mumbai’s BKC. The five-year deal, valued at ₹48.19 lacks per month, underscores the growing demand for premium commercial space in India’s top business hubs.
READ MOREThe coworking sector anticipates Union Budget 2025 reforms to fuel expansion, including lower GST rates, input tax credit adjustments, and reduced stamp duties. Key demands include institutional finance access, infrastructure development, and startup tax incentives. These measures could accelerate growth, enhance affordability, and reshape India’s modern workspaces.
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