Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Discover the evolution of India’s office space globally, focusing on flexible work environments and the rise of hybrid work cultures post-pandemic.
READ MOREFour major MNCs, including Qualcomm and IBM India, have leased over 870,000 sq. ft. of office space in Hyderabad’s booming IT sector. This surge reflects the city’s robust real estate market and infrastructure development. Hyderabad is solidifying its position as a premier business hub with strong residential and commercial growth.
READ MOREAmazon is expanding its presence in Bengaluru by leasing 1.1 million sq ft of office space from Sattva Group to house over 7,000 employees. This expansion is located near the international airport and is part of Amazon’s broader growth strategy in major Indian cities.
READ MOREIndia’s office space market is booming in 2024, driven by high demand in cities like Bangalore and Hyderabad. Managed office spaces are famous for their flexibility and amenities, leading to significant growth in the sector post-pandemic.
READ MOREGoogle leases 649,000 square feet in Alembic City, Whitefield, Bengaluru, for Rs 4.02 crore per month. The expansion includes new office space and plans to manufacture smartphones and drones locally.
READ MOREIndia’s Grade A office space demand is set to exceed 70 million square feet in 2024, driven by major cities like Bengaluru, MMR, and Delhi-NCR. Rising rentals and large leases, especially in the IT/ITeS and BFSI sectors, highlight robust growth, signalling significant opportunities for developers and investors.
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