Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
NeoSOFT has expanded its presence with new offices in Mumbai, Airoli, and Pune, adding 1,100 tech roles to boost its NeoNXT cloud platform. The move includes launching innovation hubs for AI, Gen AI, and automation, positioning the company as a leader in India’s evolving digital engineering and enterprise solutions landscape.
READ MOREAU Small Finance Bank has acquired an 11-storey office tower in Mumbai’s Bandra for INR 371 crore, marking the largest office space purchase by a financial institution in 2025. This move supports its post-merger expansion, aims to establish a new headquarters, and signals a strategic shift toward owning prime commercial real estate.
READ MOREIndia’s commercial office rental market is booming, with Mumbai leading a 28% rise and Hyderabad close behind at 24.1%. Driven by Global Capability Centres, BFSI, and tech firms, prime metros show strong demand for Grade A spaces. Investor confidence remains high as India redefines the future of work.
READ MOREMumbai has emerged as India’s most expensive commercial office market, with rentals up 28% since 2022. ANAROCK reports rising demand driven by U.S.-based firms and Global Capability Centres (GCCs). Key cities like Delhi NCR, Hyderabad, and Bengaluru also saw strong growth, highlighting continued momentum in India’s premium office space sector.
READ MOREThanks to its strong connectivity, affordable living, vibrant culture, and thriving startup scene, Mumbai is rapidly becoming a top destination for digital nomads and remote workers. With modern coworking spaces, weekend getaways, and supportive communities, the city offers the perfect blend of work and lifestyle for today’s mobile professionals.
READ MOREA Jet Airways-owned office floor in Mumbai’s Godrej BKC tower is set for auction on June 2 with a reserve price of ₹335.24 crore. Brookfield, which owns two other floors in the building, holds first refusal rights. The sale follows an NCLT order lifting a previous property seal.
READ MORE