Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
In 2024, India’s real estate sector saw a significant transformation, with Rs 62,000 crore needed for land development, as per JLL. Developers acquired 2,335 acres across 23 cities, with Tier II and III cities gaining traction. Residential projects dominated while evolving financing strategies shaped the industry’s growth.
READ MOREIndia’s office market is shifting towards modern, sustainable buildings. From 2021 to Q1 2024, 164.3 million sq ft of new Grade A spaces were added, with 71% being green-certified. Bengaluru and NCR lead in absorption, highlighting the preference for quality, amenities, and sustainability.
READ MOREIndia’s Q1 2024 office market showed resilience, with gross leasing surpassing 15 million sq ft, marking the second-best first quarter. Domestic occupiers led the demand, particularly in BFSI, Flex, and manufacturing sectors. Rental values rose, and Delhi NCR and Bengaluru dominated leasing activity.
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