Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis introduces ‘Elite,’ an ultra-premium coworking solution designed for GCCs, with exclusive features like biophilic pods and wellness zones. Backed by strong financial growth, Awfis is expanding into metro cities while targeting tier-II markets, revolutionizing India’s coworking landscape with innovation and luxury.
READ MOREIndia’s Global Capability Centres (GCCs) leased nearly 23,000 coworking desks in 2024, driven by cost efficiency and skilled talent. With Bengaluru leading in IT/ITeS sector occupancy, GCC demand for flexible spaces surged. Economic shifts abroad and India’s stable environment further attract multinational firms to coworking solutions.
READ MOREGlobal Capability Centres (GCCs) will drive nearly 40% of India’s Grade A office space demand over the next three years. Sectors like engineering, manufacturing, and BFSI will see a 35% growth in leasing. Flex spaces will expand into new regions, with demand surging in major cities and emerging markets.
READ MOREIndia has become a top destination for Global Capability Centers (GCCs), leasing 53 million square feet of office space since 2022. With 67% of GCCs planning further expansion, India’s skilled workforce, cost-effectiveness, and supportive government policies continue to attract global firms, boosting the commercial real estate sector.
READ MOREFlutter Entertainment has invested $3.5 million to open an 80,000 sq. ft. Global Capability Centre in Hyderabad. The facility will support over 700 employees and plans to expand to 900 by 2024. The company aims to have 40% women in leadership roles by 2026.
READ MOREGlobal Capability Centers (GCCs) are driving a surge in India’s office space demand, with 53 million square feet leased since 2022. As 67% of GCCs plan to expand further, developers are focused on creating premium office spaces, particularly in regions like Delhi-NCR and Gurugram, to meet this growing demand.
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