Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Anarock Group has appointed Vik Lulla as Executive Vice President to drive its US commercial leasing expansion. With extensive international real estate experience, Lulla’s appointment signals Anarock’s global growth strategy. The company plans to set up offices in the Middle East and Singapore to support companies entering India.
READ MOREA new JLL report reveals that 62% of India’s Grade A office spaces across significant cities require retrofitting to stay relevant. With a Rs 45,000 crore investment opportunity, this shift is set to reshape the office market, driven by demand for sustainable, tech-enabled, and experience-driven workspaces.
READ MOREMumbai led India’s office space boom in Q1 2025 with a 63% leasing surge, driven by BFSI demand. Pan-India absorption hit 18 million sq. ft., with significant contributions from Bengaluru, Delhi-NCR, and GCCs. Sustainability also gained momentum, with 81% of leasing in green-certified buildings.
READ MOREKolkata led India in office rental growth in Q1 2025 with a 9% rise despite a dip in leasing activity. Key deals and infrastructure improvements are fueling demand. The city also saw a surge in mid-range home sales, signalling strong momentum in both commercial and residential real estate markets.
READ MOREIndia’s industrial and logistics leasing jumped 18.5% in Q1 2025, reaching 160 lakh sq ft across 24 cities, led by Tier-I hubs. Manufacturing and 3PL sectors drove demand, while new supply rose 23%. According to Savills India, tier II and III cities are emerging as key contributors.
READ MOREIndian real estate attracted $1.3 billion in institutional investments in Q1 2025, marking a 31% YoY rise. Domestic capital led the surge, with strong interest in office, residential, and industrial segments. Mumbai, Bengaluru, and Hyderabad emerged as top investment hubs amid robust market confidence.
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