Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
UrbanVault appoints Dushyant Singh and Shivanshu Pareek to lead expansion in Pune, NCR, and Tier-2 cities. As demand for flexible workspaces surges, the company strengthens its position with strategic hires. Founder & CEO Amal Mishra highlights their expertise in driving growth amid India’s evolving commercial real estate landscape.
READ MOREAlt.f coworking, a Gurgaon-based flexible office space provider, took centre stage on Shark Tank India Season 4, Episode 23, showcasing its innovative approach to coworking solutions. The company, founded by Sarthak Chhabra and Yogesh Arora, aims to bridge the gap for micro-businesses, startups, and entrepreneurs seeking affordable, stylish, and adaptable office spaces.
READ MOREAndhra Pradesh CM N. Chandrababu Naidu advocates for expanded remote work opportunities, especially for women, as part of the state’s IT & GCC Policy 4.0. Emphasising flexibility, productivity, and workforce inclusivity, he highlights remote work’s potential to reshape employment. India, however, lacks explicit WFH regulations despite evolving workplace trends.
READ MOREIndia’s GCC sector, currently contributing 3.5% to GDP, is expected to grow to over 5% by 2030, driven by AI technologies like DeepSeek. The sector is shifting focus to Tier-2 cities due to rising operational costs in metros, with the 2025 Budget expected to support decentralisation and innovation.
READ MOREWeWork India is set to go public, filing its IPO draft with SEBI via an offer-for-sale, allowing promoters to offload stakes without fresh capital infusion. The company has rebounded financially, distancing itself from WeWork Global’s struggles. Amid rising competition, its success hinges on sustaining profitability and investor confidence.
READ MORESimpliwork Offices has leased 1.5 lakh sq. ft. at Embassy Manyata Business Park, Bengaluru, for ₹100 crore, with an additional ₹40 crore investment in workspace development. The expansion strengthens its premium flex office portfolio, aligning with rising corporate demand. With ₹850-900 crore revenue projections, Simpliwork continues to dominate India’s flex workspace sector.
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