Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
DLF Group plans to invest Rs 10,000 crore over two years to expand its premium office and retail portfolio, boosting rental income. With 45 million sq ft of commercial assets and key joint ventures, DLF is developing major projects in Gurugram, Noida, and Chennai, capitalising on the growing demand for flexible workspaces.
READ MOREIndia’s commercial office rental market is booming, with Mumbai leading a 28% rise and Hyderabad close behind at 24.1%. Driven by Global Capability Centres, BFSI, and tech firms, prime metros show strong demand for Grade A spaces. Investor confidence remains high as India redefines the future of work.
READ MOREOfis Square hosted Knight Frank India at its MG Road centre to explore strategic collaboration in the flexible office sector. The event highlighted the rising demand for agile workspaces driven by hybrid work models. It reinforced both companies’ commitment to innovating India’s commercial real estate landscape through partnership and shared vision.
READ MOREChennai’s government-run co-working space, *Muthalvar Padaipagam*, offers affordable, well-equipped workspaces for entrepreneurs, professionals, and students. With low rates and quality amenities, it supports over 32,000 users in six months, promoting productivity and inclusivity. The success has sparked plans for expansion across Tamil Nadu.
READ MORESustainability is reshaping commercial real estate, shifting from a value-add to a value driver. Green-certified buildings now command higher rents and investor interest, while renewable energy and eco-friendly design cut costs and boost performance. With financial incentives and rising demand, sustainability is essential for long-term profitability and urban resilience.
READ MOREMumbai has emerged as India’s most expensive commercial office market, with rentals up 28% since 2022. ANAROCK reports rising demand driven by U.S.-based firms and Global Capability Centres (GCCs). Key cities like Delhi NCR, Hyderabad, and Bengaluru also saw strong growth, highlighting continued momentum in India’s premium office space sector.
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