Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office market is set for a transformation in 2025, driven by the growing maturity of REITs, institutional investments, and evolving workplace strategies. With record office space absorption in 2024 and co-working giants exploring IPOs, the sector is poised for expansion, innovation, and increased investor participation.
READ MOREIndia’s office space leasing grew by 15% in Q1 2025, reaching 159 lakh sq ft across seven major cities, driven by corporate expansions and rising investments. Bengaluru, Chennai, and Delhi-NCR led the surge, while Hyderabad and Kolkata lagged. Experts foresee sustained momentum, with demand shifting towards ESG-compliant, tech-integrated workspaces.
READ MOREOffice space supply in India’s top cities declined 1% in Q1 2025, with significant drops in Bengaluru, Hyderabad, and Mumbai, while Delhi-NCR and Pune saw growth. Despite this, leasing activity surged 15%, signalling strong demand and potential market tightening, according to Colliers India.
READ MOREUrban Vault has expanded to Pune with a 35,000 sq. ft. managed flex space at Baner, offering 700 seats. With plans to grow across key business hubs, the company focuses on flexible, tech-integrated workspaces. It projects a Rs 120 crore turnover for 2024-25, emphasising sustainability and innovation-driven growth.
READ MORECBRE South Asia Pvt. Ltd. dominated India’s commercial real estate investment market in 2024, securing a 63.4% market share. It led multiple asset classes and retained global leadership for the 14th consecutive year. Strong investment momentum and market fundamentals continue to attract global investors to India’s real estate sector.
READ MOREIndiQube Spaces has secured SEBI approval for an ₹850-crore IPO, including a ₹750-crore fresh issue and ₹100-crore offer for sale. The funds will support expansion, debt repayment, and corporate needs. Backed by WestBridge Capital, IndiQube aims to tap into India’s growing demand for flexible workspaces amid the hybrid work boom.
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