Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s coworking industry is undergoing a significant shift. What began as a startup trend has now transformed into a mainstream movement. With hybrid models, tech integration, and people-centric design, flexible workspaces redefine how businesses work, scale, and grow. Experts predict continued growth, especially among large enterprises seeking agility.
READ MOREOYO-backed co-working firm Innov8 has sold a 3% stake at a ₹1,000 crore valuation to fuel expansion plans. The Raymond Family Office led the investment round, acquiring nearly 2%. With over 90% occupancy and 30+ centres, Innov8 aims to reach 100 centres by year-end amid rising demand for flexible workspaces.
READ MOREIT giant Wipro has leased 3.87 lakh sq ft at Mindspace Business Parks in Airoli, near Mumbai, to expand its commercial footprint significantly. The 10-year lease, signed at ₹64 per sq ft, adds to Wipro’s existing 3.45 lakh sq ft in the park and includes an annual 5% rental escalation.
READ MOREIndia’s REIT market holds immense untapped potential, with only 23% of its 520 million sq. ft. of REIT-worthy office space currently listed. As leasing activity surges and older office stock is upgraded, cities like Bengaluru, Hyderabad, and Delhi-NCR are becoming key hubs for future REIT expansion, Anarock Research reports.
READ MOREStudio Saransh unveils ‘Oasis,’ a serene, nature-immersed architecture studio on the outskirts of Ahmedabad. Built with local materials and guided by vernacular principles, the workspace redefines office design, where courtyards, water bodies, and sunlit walkways encourage collaboration, contemplation, and connection with nature. Oasis is a living, working campus in motion.
READ MOREIn preparation for the Central Vista relocation, Central Government offices have cleared over 676 lakh sq ft of space—equivalent to 1,000 football fields—since 2021 under the Swachhta campaign. Backed by digital transformation, the drive has generated over ₹3,100 crore from scrap sales and significantly reduced file pendency.
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