Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s GCC sector, currently contributing 3.5% to GDP, is expected to grow to over 5% by 2030, driven by AI technologies like DeepSeek. The sector is shifting focus to Tier-2 cities due to rising operational costs in metros, with the 2025 Budget expected to support decentralisation and innovation.
READ MOREWeWork India is set to go public, filing its IPO draft with SEBI via an offer-for-sale, allowing promoters to offload stakes without fresh capital infusion. The company has rebounded financially, distancing itself from WeWork Global’s struggles. Amid rising competition, its success hinges on sustaining profitability and investor confidence.
READ MORESimpliwork Offices has leased 1.5 lakh sq. ft. at Embassy Manyata Business Park, Bengaluru, for ₹100 crore, with an additional ₹40 crore investment in workspace development. The expansion strengthens its premium flex office portfolio, aligning with rising corporate demand. With ₹850-900 crore revenue projections, Simpliwork continues to dominate India’s flex workspace sector.
READ MOREWeWork India has posted a ₹174.13 crore profit in H1 FY25, marking a strong turnaround amid rising demand for flexible workspaces. The company plans an IPO through a ₹4.37 crore share Offer for Sale. With a 77 lakh sq. ft. portfolio, it aims to enhance visibility and liquidity through public listing.
READ MOREThe National Payments Corporation of India (NPCI) has leased 1.15 lakh sq. ft. of office space in Goregaon, Mumbai, for ₹136 crore, marking its expansion in India’s digital payments ecosystem. This move reflects the growing demand for commercial real estate, as Mumbai remains a hub for Grade-A office spaces, hybrid work models, and fintech growth.
READ MOREIndia’s real estate market is projected to grow to $1 trillion by 2030, fueled by PropTech advancements, urbanisation, and digital platforms. Aurum PropTech highlights opportunities in rental housing, SM-REITs, and AI-driven innovations. With 75% of buyers using digital tools, the sector is rapidly evolving, shaping a dynamic and inclusive future.
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