Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office market thrives in 2024, with leasing surpassing 47 million sq ft by Q3 and flex spaces rising to 20% of demand. Tier-II cities gain traction, rentals grow by 5-10%, and sustainability drives new developments. Projections for 2025 include solid growth, GCC expansion, and broader sector participation.
READ MOREAirbus has leased 650,000 sq ft in Bengaluru’s Titanium Tech Park to establish a Global Capability Centre, with a scalability of 800,000 sq ft. Valued at ₹500 crore, this 10-year lease supports Airbus’s innovation efforts in India’s booming aviation market, reinforcing its long-term commitment to the region.
READ MOREORGATEC India, debuting in November 2025, will showcase sustainable workspace solutions, ergonomic designs, and advanced technologies. Backed by NAREDCO and IIID, it highlights GCCs leasing 40–45% of office space in India. The event fosters collaboration, innovation, and sustainability, shaping the future of modern workspaces.
READ MORECo-working spaces are transforming India’s real estate market, growing from 55 million sq ft to a projected 100–140 million sq ft by 2030. Driven by demand from startups, global corporations, and Tier-2 cities, these flexible hubs offer scalability and premium amenities and are reshaping how businesses operate post-pandemic.
READ MOREIndian businesses are increasingly embracing office leasing for flexibility and cost-efficiency. In Q3 2024, leasing activity surged 66%, led by Bengaluru and Hyderabad. Domestic firms now drive 47% of demand, with tech, BFSI, and hybrid work models fueling growth. The future promises tech-driven, scalable, and sustainable leased spaces.
READ MOREIndia’s real estate sector is set for growth in 2025, driven by regulatory reforms, demand for Grade A offices, and expansion in Tier-II and III cities. With sustainability and green-certified developments shaping the future, industrial, warehousing, and alternative asset classes like data centres will gain traction.
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