Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Hyderabad’s office market is facing a growing vacancy crisis, with new space deliveries outgrowing demand since 2020. With 28 million sq ft now lying vacant, the city tops India’s major markets for unused inventory. Experts suggest flexible leasing and coworking models may help ease the imbalance in the coming months.
READ MOREAML RightSource has leased 157,000 sq ft in Noida to establish a Global Capability Centre, marking Noida’s growing appeal for multinationals. Backed by infrastructure upgrades, rising leasing activity, and competitive rentals, Noida is emerging as a top GCC destination, contributing significantly to India’s evolving commercial real estate landscape.
READ MOREMcDonald’s has leased 1.56 lakh sq ft at RMZ Nexity, HITEC City, Hyderabad, for ₹1.43 crore/month to establish its first Global Capability Centre in India. This strategic move reinforces Hyderabad’s status as a top GCC destination amid growing demand from global firms and robust absorption across the city’s office market.
READ MORECorporatEdge launches ‘The India Centre’ at WTC Nauroji Nagar, Delhi, adding 42,000 sq. ft. to its premium workspace portfolio. Designed for GCCs and global firms, the centre blends five-star hospitality with future-ready infrastructure, reinforcing CorporatEdge’s position as a leading provider of high-performance, flexible offices in India’s top business hubs.
READ MOREGoa is reimagining work by launching beachside coworking hubs, expanding tech infrastructure, and supporting startups through subsidies and innovation clusters. With nearly 600 startups, a rising GCC presence, and a focus on AVGC and deep tech, the state is positioning itself as India’s next creative and tech-driven workspace destination.
READ MOREIndia’s coworking sector is evolving rapidly, driven by hybrid work, PropTech innovation, ESG priorities, and expansion into Tier 2 and 3 cities. As large enterprises embrace flexible spaces, traditional offices are being reimagined. Innovative, sustainable, and adaptable workspaces are shaping the future of commercial real estate nationwide.
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