Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India inaugurated the CSIR Mega Innovation Complex in Mumbai on January 17, 2025, to support start-ups and MSMEs. Spanning nine floors, it features 24 incubation labs and office spaces. With six MOAs signed and 50 technology transfers completed, the facility strengthens India’s push for innovation, research commercialisation, and self-reliance.
READ MOREIndia’s office market is set for record absorption, with net leasing projected to grow 10-11% in FY2025 to 59-60 million sq. ft., according to ICRA. Vacancy rates will remain stable, while retail leasing will grow 7-9%. Rising demand from GCCs, corporates, and resilient economic factors continue to drive expansion.
READ MOREIndian offices are evolving into vibrant social hubs, prioritising collaboration, comfort, and flexibility. With 62% of companies returning to the office, MillerKnoll leads the transformation with thoughtful designs like modular sofas and ergonomic lounges. By blending aesthetics and functionality, workplaces are becoming destinations employees want to return to and thrive in.
READ MOREMax Estates and M3M India secured prime commercial land in Noida through a high-stakes auction, collectively investing over INR 1,500 crore. The mixed-use and commercial development acquisitions reflect Noida’s growing appeal as a business hub. Upcoming projects will enhance the region’s commercial landscape and meet rising demand.
READ MOREIndia’s office market reached record highs in 2024, with 50 million sq ft net absorption and 79 million sq ft leased. Global Capability Centres (GCCs) led demand, accounting for 37% of activity. Bengaluru dominated with 28% absorption. Flexible space leasing surged 52%, reflecting India’s growing role as a global office hub.
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.
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