Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’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.
READ MOREOfis Square is transforming coworking spaces into hubs of creativity and collaboration. Their shared workspaces integrate modern technology, such as IoT, to boost productivity and comfort while fostering a community focused on innovation. Their initiatives, particularly Women at Ofis Square, champion gender equality and empower individuals.
READ MOREEmbassy Office Parks REIT announces a Rs 3,800 crore investment to develop 61 lakh sq ft of premium office space in Bengaluru to expand its rental portfolio. The project, part of a broader strategy to meet rising demand, will enhance the Embassy’s 36.5 million sq ft portfolio.
READ MOREIndia’s offshoring industry is fueling a surge in office space leases, now accounting for over 46% of the market. Companies increasingly seek Grade A spaces in metro cities like Bengaluru, Mumbai, Hyderabad, and Pune, driving demand for high-quality, sustainable office spaces.
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