Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
315Work Avenue has expanded its presence in Pune by leasing an additional 56,000 sq ft at International Tech Park Pune, Kharadi, bringing its total space to 1 lakh sq ft. The coworking provider now operates six centres in Pune and plans further expansion into markets like Delhi NCR and Hyderabad.
READ MORETableSpace has acquired 5 lakh square feet of office space in Bengaluru’s Whitefield for ₹500 crore, marking its second major property purchase. This expansion strengthens the company’s leadership in enterprise-managed workspace solutions. Post-pandemic demand for flexible office spaces drives the company’s rapid growth in key markets like Bengaluru.
READ MOREAwfis has opened a new 30,221 sq ft coworking centre in GIFT City, Gandhinagar, expanding its total offering in Ahmedabad to 83,500 sq ft. With plans to add 40,000 new seats nationwide by year-end, Awfis is positioning itself as a key player in India’s growing flexible workspace market.
READ MOREGlobal Capability Centres (GCCs) will drive nearly 40% of India’s Grade A office space demand over the next three years. Sectors like engineering, manufacturing, and BFSI will see a 35% growth in leasing. Flex spaces will expand into new regions, with demand surging in major cities and emerging markets.
READ MOREA new report reveals that over 80% of Indian office occupiers plan to adopt flexible office spaces. Key drivers include cost efficiency, hybrid work models, and enterprise-grade amenities. Flex spaces are increasingly used for core operations, with longer lease commitments expected. Prime locations remain a priority for businesses.
READ MORESeveral coworking companies, including WeWork India, SimplWork Offices, and TableSpace Technologies, are preparing IPOs following Awfis’ successful listing. Investor interest is driven by the coworking sector’s strong growth, asset-light model, and profitability. Private equity investments and acquisitions are accelerating the industry’s transformation into managed office spaces for large corporations.
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