Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office fit-out costs are rising, with Mumbai leading at $73 per sq. ft., followed by Delhi and Bengaluru. Despite a 3% increase, India remains cost-effective in APAC. Companies are investing in premium, tech-enabled, and sustainable workspaces. Flexible office models and sustainability initiatives are also shaping workplace trends.
READ MOREMumbai Metro Line 3’s second phase will launch in April and will connect Bandra Kurla Complex (BKC) and Worli, boosting real estate demand in South and Central Mumbai. While the Metro will enhance accessibility for professionals, experts believe high-net-worth individuals will benefit more from the Mumbai Coastal Road.
READ MOREMumbai Coworking has launched a premium coworking space in Andheri West, responding to the surging demand for flexible workspaces. The new hub fosters creativity and collaboration by featuring modern amenities, high-speed internet, and scalable office solutions. CEO Waqar Azmi emphasizes its role in shaping Mumbai’s evolving workspace culture.
READ MOREHDFC Bank has signed a 10-year lease for 4.5 lakh sq. ft of office space in Mumbai’s Andheri East, valued at ₹1,020 crore. The deal includes 227 parking spaces and a 15% rent escalation every three years. This move aligns with HDFC Bank’s real estate restructuring and expansion strategy.
READ MOREThe National Payments Corporation of India (NPCI) has leased 1.15 lakh sq. ft. of office space in Goregaon, Mumbai, for ₹136 crore, marking its expansion in India’s digital payments ecosystem. This move reflects the growing demand for commercial real estate, as Mumbai remains a hub for Grade-A office spaces, hybrid work models, and fintech growth.
READ MOREMumbai and New Delhi rank 5th and 8th in CBRE’s 2025 APAC Investor Intentions Survey, highlighting India’s rising real estate appeal. Foreign investments hit $11.4 billion in 2024, with Singapore leading. Investors prioritise office spaces, data centres, and ESG projects, signalling strong growth in India’s commercial real estate sector.
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