Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Incuspaze has launched FlexLeaze, a new leasing segment for large and mid-sized enterprises. Led by CEO Rahul Sarin, it offers fit-out leasing solutions, enabling businesses to access premium office spaces without ownership. This expansion reinforces Incuspaze’s leadership in India’s flexible workspace sector, targeting 5 million sq. ft. by 2025.
READ MOREDev Accelerator has refiled IPO papers with SEBI, increasing its fresh issue size to 2.75 crore shares. Competing with Awfis Space Solutions, the company plans to use proceeds for expansion and corporate needs. With 25 centres across 11 cities, it aims to strengthen its presence in India’s coworking sector.
READ MOREIndia’s real estate sector will grow from Rs 40 lakh crore in 2023 to Rs 83 lakh crore by 2030, driven by urbanization, government initiatives, and commercial expansion. Office leasing and the interior fit-out industry are thriving and fueled by IT, BFSI, and hybrid work trends in major cities.
READ MORE315Work Avenue plans to expand its coworking footprint by 2 million square feet in FY26 with ₹400 crore investment. The company aims to operate in 10-12 cities while competing with major players like WeWork and Awfis. India’s flexible workspace sector is booming, with demand rising across Tier-I and Tier-II cities.
READ MOREGodrej Properties has acquired a 10-acre land parcel in Yelahanka, Bengaluru, a prime commercial hub with excellent connectivity. The project, with a revenue potential of ₹2,500 crore, will feature high-street retail and commercial spaces, catering to the city’s growing demand for premium business infrastructure in a strategic location.
READ MOREPanchshil Business Spaces has leased 7.71 lakh sq. ft. to CitiCorp Services India in Kharadi, Pune, for ₹1,096 crore. The 10-year deal, among Pune’s largest, highlights the city’s commercial real estate growth. The lease includes parking, phased commencement from 2025, and a 15% rent escalation every three years.
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