Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
WeWork India has leased 1.26 lakh sq ft in Mumbai’s Andheri East, expanding its portfolio to over 8 million sq ft across 62 locations. The move highlights India’s growing demand for flexible workspaces, driven by hybrid work models and rising commercial real estate momentum in key markets post-pandemic.
READ MOREBollywood celebrities invested nearly ₹400 crore in Mumbai real estate in 2024, with Amitabh Bachchan and Shahid Kapoor leading the pack. From luxury apartments to strategic hubs, their purchases highlight a trend of combining lifestyle, status, and financial growth in India’s premium property market.
READ MOREMumbai’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.
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