Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Indian companies now account for 46% of office leasing in India, up from 35% pre-2020, driven by BFSI, manufacturing, and tech sectors. A JLL report highlights record-high leasing in 2024 and Q1 2025, with Delhi-NCR and Mumbai leading the surge. Leasing volumes may cross 100 million sq. ft soon.
READ MOREThe Mumbai Metropolitan Region Development Authority (MMRDA) has allotted a 5,500 sq m plot in BKC to the National Stock Exchange (NSE) for ₹757.9 crore. The land will support NSE’s expansion with a new office building, highlighting growing demand in Mumbai’s commercial real estate sector.
READ MOREKochi’s commercial real estate sector is expanding rapidly, with office space reaching 17 million sq. ft. and retail space growing at a 9% CAGR. Technology firms drive office leasing, while fashion and lifestyle brands lead retail demand. Government-backed initiatives and sustainability efforts position Kochi as a rising business hub.
READ MOREIndia’s commercial office market is set to reach 65-70 million sq ft in 2025, with 2024 absorption hitting 66.4 million sq ft, a 14% rise. GCCs drive demand, leasing 25.7 million sq ft, while sustainability gains traction, with 80% of new supply expected to be green-certified. Institutional investment remains strong at USD 4.7 billion.
READ MOREIndia’s commercial real estate market saw a 10.24% rise in average deal size in 2024, led by Hyderabad at 70,535 sq ft and Mumbai with a 54.59% growth. Key factors include enhanced infrastructure, corporate confidence, and demand for premium spaces, signalling robust growth in office leasing across major cities.
READ MOREDive into India’s top 10 commercial property developers for 2025, transforming urban landscapes with sustainable, flexible, and innovative workspaces. Learn about their visionary projects, future trends, and the evolution of commercial real estate in India.
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