Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Bank of America leases 160,000 sq ft in Mumbai’s Powai for ₹3.5 billion, with options to expand to 250,000 sq ft. The 12-year deal reflects growing demand from BFSI Global Capability Centres. This relocation and expansion highlight Mumbai’s rising prominence as a hub for international financial services operations.
READ MOREIndia’s Grade A office leasing surged 23% in the first three quarters of 2024, totalling 46.7 million sq ft. Bengaluru and Hyderabad led the market, with significant technological and BFSI sectors demand. Large deals dominated leasing, while flex space operators accounted for 20% of overall demand.
READ MOREThe BFSI sector is transitioning toward flexible office spaces, driven by the need for scalability, cost management, and agility. This shift transforms BFSI companies’ operations while ensuring compliance and security in a dynamic workspace environment.
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