Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Tamil Nadu Chief Minister M.K. Stalin has inaugurated “Mudhalvar Padaipagam,” an affordable co-working and learning hub in Chennai. Part of the North Chennai Development Scheme, the facility offers high-speed internet and modern amenities, supporting students, entrepreneurs, and residents with accessible spaces for learning, business, and creativity.
READ MOREAccording to Knight Frank, Pune has emerged as India’s second-largest coworking hub, with 123 office space collaborations since 2018. The city’s appeal lies in flexible, cost-effective workspaces, attracting businesses of all sizes. As demand rises, Pune’s coworking landscape reshapes office trends nationwide, second only to Bangalore.
READ MOREUrban Vault has expanded its flexible office space by 120,000 sq ft in Bengaluru’s central business district to meet corporate demand. With over 2 million sq ft in its portfolio, Urban Vault is set to expand to Gurugram, Pune, and Mumbai, aiming to become a leading provider of flexible workspace solutions in India.
READ MOREAmazon, Honeywell, and Synopsys secured major office leases in Bengaluru, highlighting the city’s position as India’s top office space market. These deals, totalling over 1.6 million sq ft, align with Bengaluru’s record-breaking office leasing activity, which accounts for 30% of India’s total leasing and signals strong future demand.
READ MOREIndia’s office market is booming, with record leasing expected to surpass 80 million sq ft this year, driven by demand from multinationals and Global Capability Centers (GCCs). Luxury residential demand remains strong, and new REIT regulations are expanding investment opportunities, solidifying India’s role in the global real estate landscape.
READ MOREIn partnership with Tribeca Developers, the Trump Organisation will launch its first Trump-branded office complex in Pune by 2025, marking a shift from residential to commercial real estate in India. This expansion includes six new projects across major cities, reinforcing India as the largest hub for Trump properties outside the U.S.
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