Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s real estate market is projected to reach $5.8 trillion by 2047, contributing 15.5% to GDP. Fueled by urbanisation, infrastructure growth, and strong investments, the sector is expanding across residential, commercial, and retail spaces. Domestic Institutional Investors (DIIs) continue driving momentum, ensuring sustained growth despite global market fluctuations.
READ MOREIndia’s office leasing market is set to grow 8-10% in FY26, driven by strong demand from BFSI and GCCs, especially in Bengaluru and Hyderabad. Flex space operators are expanding rapidly, while vacancy rates are expected to decline. Crisil Ratings highlights stable financials, though economic risks remain a key concern.
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 GCC sector, currently contributing 3.5% to GDP, is expected to grow to over 5% by 2030, driven by AI technologies like DeepSeek. The sector is shifting focus to Tier-2 cities due to rising operational costs in metros, with the 2025 Budget expected to support decentralisation and innovation.
READ MOREIndia’s construction landscape is evolving with a focus on sustainability as top developers embrace green building practices. Companies like Godrej Properties, Tata Realty, and Mahindra Lifespace set new benchmarks for sustainable urban development by incorporating energy-efficient designs, renewable energy, and eco-friendly materials.
READ MOREIndia’s real estate market is projected to grow to $1 trillion by 2030, fueled by PropTech advancements, urbanisation, and digital platforms. Aurum PropTech highlights opportunities in rental housing, SM-REITs, and AI-driven innovations. With 75% of buyers using digital tools, the sector is rapidly evolving, shaping a dynamic and inclusive future.
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