Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office fit-out costs are rising, with Mumbai leading at $73 per sq. ft., followed by Delhi and Bengaluru. Despite a 3% increase, India remains cost-effective in APAC. Companies are investing in premium, tech-enabled, and sustainable workspaces. Flexible office models and sustainability initiatives are also shaping workplace trends.
READ MOREDLF is set to invest Rs 20,000 crore to expand its commercial real estate portfolio, focusing on office and retail spaces. With plans to grow rental assets from 44 to 73 million square feet, the company aims for long-term market dominance, including significant developments in Gurugram under its DCCDL venture.
READ MOREOfis Square has expanded its premium coworking space within Vatika Business Park, adding 1 lakh sq. ft. to meet rising demand in Gurugram. Founder Saroj Mittal emphasizes its commitment to flexible, high-tech workspaces. Bollywood actress Shraddha Kapoor remains the brand ambassador, reinforcing its image as a modern, dynamic workspace provider.
READ MOREIndia’s office leasing market hit 81.7 million square feet in 2024, a 19% rise from 2023, driven by IT expansion and flexible workspaces. Bengaluru, Hyderabad, and Mumbai led the surge, while co-working demand grew by 30%. Vacancy rates dropped, and rental prices increased amid vigorous corporate leasing activity.
READ MOREThe BFSI sector leased a record 135 lakh sq ft of office space in 2024, surpassing previous years. A JLL India report highlights its steady 17-18% share in total leasing. Foreign firms dominated with 68.3% of demand. This growth cements BFSI’s key role in India’s commercial real estate market.
READ MOREThe article explores the transformation of Indian workspaces, highlighting trends like hybrid models, sustainability, employee-centric designs, and technology integration. It delves into regional preferences, wellness-driven layouts, and brand-aligned aesthetics. Featuring insights from Meghna Vajani, MD of Space Matrix, it discusses customized office solutions and industry-driven workplace innovations in India.
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