Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis, valued at ₹5,000 crores, has revolutionised the coworking space sector with fully managed office solutions. Despite challenges during COVID-19, it remains a key player in India’s flexible workspace market. As demand for coworking spaces grows, Awfis’s potential for expansion could see its valuation double to ₹10,000 crores.
READ MOREWorkie, an office space management startup, has raised INR 13 Cr ($1.5 Mn) to accelerate its expansion and enhance market leadership. Specialising in flexible office solutions, it manages 15,000 seats across 50 locations in India. With the post-pandemic rise in demand for coworking spaces, Workie aims for significant growth.
READ MORETable Space appoints cofounders Karan Chopra and Kunal Mehra as co-CEOs, with Chopra as chairman and Mehra as president. The enterprise workspace leader serves 150+ clients, including Dell and EY. Amid surging demand for flexible office spaces post-pandemic, Table Space aims to strengthen its market position and drive innovation.
READ MOREAwfis has launched its first flexible workspace in Lucknow’s Gomti Nagar, spanning 47,694 sq ft. The centre supports startups, entrepreneurs, and businesses with Grade-A infrastructure, advanced amenities, and strategic connectivity. This expansion strengthens Awfis’ presence in Tier-II cities and aligns with Lucknow’s transformation into a vibrant commercial hub.
READ MOREPune’s office space market grew 19% in 2024, leasing 80 lakh sq ft, driven by global firms, technology companies, and flexible workspaces. New supply surged 58%, and rentals reached ₹77 per sq ft. With Grade A spaces in demand and GCCs dominating, Pune is emerging as a top business hub.
READ MOREMumbai’s office leasing reached 12.1 million sq ft in 2024, driven by BFSI, technology, and flexible space sectors. National leasing hit a record 79 million sq ft, with sustainability gaining traction as green-certified spaces accounted for 56% of activity. Mumbai remains a key player in India’s evolving commercial real estate market.
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