Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
EFC (I) Ltd has expanded its serviced office portfolio with a 26,500 sq. ft. acquisition in Pune, adding 600 seats. This move strengthens its leadership in India’s managed office sector. With substantial financial growth, the company continues to attract investors, offering competitive returns and expanding its market presence.
READ MOREIndia’s real estate market is set for substantial growth, projected to reach $603.4 billion by 2033 at a CAGR of 9%. Key drivers include urbanization, rising incomes, government initiatives, and increased foreign investments. Demand for flexible workspaces and sustainable properties also shapes the industry’s future.
READ MOREIndia’s real estate sector saw an 88% investment surge in H2 2024, reaching $3 billion, driven by office and industrial growth. Foreign capital comprised 57% of inflows, with Mumbai as a key hub. Experts cite strong economic growth and policy measures as catalysts for continued investment momentum into 2025.
READ MOREMumbai Metro Line 3’s second phase will launch in April and will connect Bandra Kurla Complex (BKC) and Worli, boosting real estate demand in South and Central Mumbai. While the Metro will enhance accessibility for professionals, experts believe high-net-worth individuals will benefit more from the Mumbai Coastal Road.
READ MOREAwfis has expanded its senior leadership team to drive growth and innovation in flexible workspaces. Key appointments across managed office solutions, design & build, and technology aim to enhance efficiency and meet rising demand. This move reinforces Awfis’ commitment to delivering premium workspace solutions in India’s evolving commercial real estate market.
READ MOREHanto Workspaces projects a 40% revenue increase to Rs 30 crore in FY25, fueled by rising demand for flexible offices. With 15 coworking spaces in Bengaluru, the company plans expansion and fundraising. Industry trends highlight strong growth in flexible workspaces, reinforcing Hanto’s strategic push for market leadership.
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