Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
315Work Avenue plans to expand its coworking footprint by 2 million square feet in FY26 with ₹400 crore investment. The company aims to operate in 10-12 cities while competing with major players like WeWork and Awfis. India’s flexible workspace sector is booming, with demand rising across Tier-I and Tier-II cities.
READ MOREGodrej Properties has acquired a 10-acre land parcel in Yelahanka, Bengaluru, a prime commercial hub with excellent connectivity. The project, with a revenue potential of ₹2,500 crore, will feature high-street retail and commercial spaces, catering to the city’s growing demand for premium business infrastructure in a strategic location.
READ MOREPanchshil Business Spaces has leased 7.71 lakh sq. ft. to CitiCorp Services India in Kharadi, Pune, for ₹1,096 crore. The 10-year deal, among Pune’s largest, highlights the city’s commercial real estate growth. The lease includes parking, phased commencement from 2025, and a 15% rent escalation every three years.
READ MOREThe Adani Group is in advanced talks to acquire Emaar India for $1.4 billion, with a $400 million equity infusion. If finalized, the deal will expand Adani’s real estate footprint, adding to its Mumbai and Dharavi redevelopment projects. Emaar India, a key player in urban development, operates across multiple states.
READ MOREBerkadia’s fourth CRE Symposium in Hyderabad brought together industry leaders to discuss macroeconomic trends, AI, fraud prevention, and the impact of the U.S. political landscape on real estate. With 700 attendees, the event highlighted India’s growing role in the industry and Berkadia’s commitment to global collaboration and innovation in commercial real estate.
READ MOREGlobal Capability Centers (GCCs) have driven a record surge in commercial real estate leasing by India’s BFSI sector, reaching 31 million sq. ft. from 2022-2024. Global firms accounted for 59% of the leasing, with strong domestic demand in Mumbai. India’s talent and digital growth fuel this expansion.
READ MORE