Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office space leasing market defies global trends, with a 16% growth in 2024, driven by demand from the IT sector and global capability centres. Affordable rents, a skilled workforce, and urbanisation make India a top destination for multinational companies. The broader real estate sector is also thriving despite challenges.
READ MOREDelhi-NCR’s office space market is experiencing significant growth, driven by the expansion of multinational corporations (MNCs) and Global Capability Centers (GCCs). Key commercial hubs like Gurugram, Noida, and Faridabad are seeing increased leasing activity and are focusing on flexible, tech-enabled, and sustainable workspaces to meet evolving business needs.
READ MOREMumbai led India’s office space boom in Q1 2025 with a 63% leasing surge, driven by BFSI demand. Pan-India absorption hit 18 million sq. ft., with significant contributions from Bengaluru, Delhi-NCR, and GCCs. Sustainability also gained momentum, with 81% of leasing in green-certified buildings.
READ MOREIndia’s office space market hit a record 28.2 million sq ft in Q1 2025, driven by strong GCCs and IT firms. Bengaluru led the surge, with GCCs accounting for 44% of transactions. Knight Frank projects continued growth, citing India’s cost advantage and talent pool.
READ MOREIndia’s top office hubs are set to unlock a ₹45,000 crore investment opportunity through retrofitting outdated office spaces. Cities like Bengaluru, Delhi NCR, Mumbai, and Hyderabad lead this transformation, aiming to modernize 530 million sq. ft of office stock and boost rental yields by up to 50%.
READ MOREGodrej Interio aims for 30% B2B growth by FY27, driven by a ₹55 crore investment and rising demand in India’s office furniture market. With innovative, ergonomic, and tech-enabled solutions, the company targets expanding sectors like IT, BFSI, and GCCs through turnkey workspace projects and patented product offerings.
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