Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Mumbai’s commercial real estate market hit new highs in 2024, with top lease deals led by Morgan Stanley (₹15.96 crore monthly for 1 million sq ft) and IMC India (₹700/sq ft in BKC). Rising rentals in BKC, Goregaon, and Worli reflect growing demand from global firms, solidifying Mumbai’s status as a business hub.
READ MOREActor Manish Paul rents a 1,200 sq. ft. office in Mumbai’s Andheri West for ₹2 lakh per month, joining Bollywood stars investing in commercial real estate. Celebrities like Madhuri Dixit, Ajay Devgn, and Amitabh Bachchan leverage Mumbai’s high yields, with Grade-A spaces offering 6-8% annual returns in prime locations.
READ MOREThe UK Consulate purchased 12 office units in Mumbai’s One Lodha Place for ₹101.2 crore. The space, which spans 14,883 sq ft, will relocate the British Deputy High Commission from Bandra East to Lower Parel. Strategically located in a prime business hub, the deal underscores Mumbai’s appeal for global investments.
READ MOREMadhuri Dixit rents out her 1,594 sq ft Andheri office space for ₹3 lakh monthly, following Bollywood’s real estate trend. The actress also purchased a ₹48 crore luxury apartment in Lower Parel. Celebrities increasingly leverage property investments for a steady income and high returns.
READ MOREWelspun partners with WTCA to develop India’s tallest mixed-use urban distribution centre in Thane. Spanning 1 million sq ft across 14 levels, this ₹800 crore project integrates retail, office spaces, F&B, and logistics, setting new benchmarks for urban commercial real estate and sustainable infrastructure.
READ MOREInnov8 opens two flagship centers in Navi Mumbai and Andheri, offering 2 lakh sq. ft. of premium flex space with 3,000 seats. Strategically located, they cater to startups, enterprises, and freelancers, fostering productivity with vibrant, future-ready workspaces.
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