Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis has launched its first flexible workspace in Lucknow’s Gomti Nagar, spanning 47,694 sq ft. The centre supports startups, entrepreneurs, and businesses with Grade-A infrastructure, advanced amenities, and strategic connectivity. This expansion strengthens Awfis’ presence in Tier-II cities and aligns with Lucknow’s transformation into a vibrant commercial hub.
READ MOREIndia’s flex space sector is thriving, with $820M in funding since 2017 and 52.9M sq. ft. leased. Key players like BHIVE and WeWork India are driving growth through IPO plans, innovation, and expansion. Surging demand from startups to SMEs highlights the sector’s pivotal role in reshaping modern workplaces.
READ MOREWhat are the “hottest” markets for flex in APAC? The Instant Group analysed the top 10 markets for flexible office spaces in 2024, examining year-over-year fluctuations in demand, with data revealing notable demand spikes in Bangalore, Makati, and Hong Kong.
READ MOREIndian BPOs are expanding to the Philippines, attracted by Metro Manila’s low prime office rents, averaging $29.64 per sq ft. With office stock doubling in a decade and refurbished POGO spaces ready for quick use, the Philippines offers cost-effective options, positioning itself as a prime outsourcing destination.
READ MOREAwfis expands to Guwahati, managing 200 centres with 1.3 lakh seats nationwide. It plans to add 40,000 seats by FY25, reaching 135,000. Recent highlights include a 1.65 lakh sq ft NSE office project in Mumbai and ₹38.67 crore Q2 FY25 profit, marking strong growth in Tier-II cities and beyond.
READ MOREAwfis Space Solutions, India’s leading flexible workspace provider, is set to double its capacity by FY27, driven by strong demand and its innovative managed aggregation model. With a ‘buy’ rating from IIFL Securities, Awfis projects a 33% CAGR in seat additions and 55% EBITDA growth, solidifying its leadership in the booming flex workspace industry.
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