Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Incuspaze has leased 2.5 lakh sq ft at Olympia Crest in Chennai’s IT corridor to launch a 4,000-seat managed workspace. This move aligns with the rising demand for flexible offices, especially from global firms in India, and marks the company’s continued nationwide expansion.
READ MOREAlternative Investment Funds (AIFs) have invested nearly ₹74,000 crore in Indian real estate by December 2024, making it the top-funded sector, according to Anarock. This surge highlights real estate’s evolving role as a financial asset, with AIFs bridging capital gaps and attracting domestic and foreign investors.
READ MOREHyderabad leads India’s green office leasing in 2024, with 68% of its leasing activity in green-certified spaces. Nationwide, green-certified offices account for 66% of Grade A stock. The demand for sustainable buildings is rising, driven by higher occupancy, rental premiums, and a push for energy efficiency across various sectors.
READ MOREIndia’s green office space is set to reach 700 million square feet within the next 2-3 years, with green-certified buildings accounting for 80-85% of leasing activity. Bengaluru, Delhi-NCR, and Hyderabad lead in green office stock, contributing to India’s push toward a sustainable, low-carbon economy in real estate.
READ MOREIndia’s office leasing reached 19.46 million square feet in Q1 2025, driven by strong domestic and global demand. Bengaluru led leasing activity, with flex spaces dominating key cities. Net absorption surged 54%, while vacancy rates dropped to a four-year low, signalling a bullish outlook for the sector.
READ MOREIndia’s REIT market is on a strong growth trajectory, expanding beyond office spaces into retail and hospitality. Backed by stable financials, rising demand for Grade A assets, and supportive regulations like Small and Medium REITs, the sector is set to attract broader investor interest across major and emerging cities.
READ MORE