Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office market embraces sustainability, with 65% of Grade A spaces now green-certified. Bengaluru leads the way, driving demand for eco-friendly offices. Tenants are willing to pay a 12-14% premium for these spaces, recognising their benefits for productivity and well-being. Green certifications are shaping the future of real estate in India.
READ MOREExplore five creative strategies to repurpose underutilised office spaces in India. From strategic subleasing to transforming spaces for artists and social initiatives, discover how to add value and engage the community.
READ MOREUncover the top 12 design-conscious coworking spaces in India for 2024. These workspaces combine modern design with functionality to create an inspiring professional environment.
READ MOREPrime office rents in the Asia-Pacific region saw a 3.1% decline in Q2 2024, driven by a sharp drop in Chinese cities. Conversely, India experienced a surge in office leasing, with significant growth in Bengaluru and Mumbai. Australia’s market grew, while Southeast Asia and New Zealand had mixed results.
READ MOREDeloitte leases 175,000 sq ft in Prestige Trade Tower at Delhi’s Aerocity, marking Prestige Group’s commercial debut in the capital. This move reflects a strong demand for premium office spaces near the airport. The project includes hotel rooms, office spaces, and a convention centre set to boost Aerocity’s business landscape.
READ MORESEBI’s new regulations for Small and Medium REITs (SMREITs) democratise real estate investments for retail investors, unlocking significant monetisation opportunities and enhancing liquidity. Platforms like Strata and Propshare are transitioning to SMREITs; offering stabilised returns and transparency.
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