Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office space leasing grew by 15% in Q1 2025, reaching 159 lakh sq ft across seven major cities, driven by corporate expansions and rising investments. Bengaluru, Chennai, and Delhi-NCR led the surge, while Hyderabad and Kolkata lagged. Experts foresee sustained momentum, with demand shifting towards ESG-compliant, tech-integrated workspaces.
READ MOREOffice space supply in India’s top cities declined 1% in Q1 2025, with significant drops in Bengaluru, Hyderabad, and Mumbai, while Delhi-NCR and Pune saw growth. Despite this, leasing activity surged 15%, signalling strong demand and potential market tightening, according to Colliers India.
READ MOREThe BFSI sector leased a record 135 lakh sq ft of office space in 2024, surpassing previous years. A JLL India report highlights its steady 17-18% share in total leasing. Foreign firms dominated with 68.3% of demand. This growth cements BFSI’s key role in India’s commercial real estate market.
READ MOREThe Delhi-NCR office market saw a 61% surge in demand in 2024, driven by GCCs and the tech sector. Co-working spaces gained traction, while office rentals rose 5%. Despite a 22% drop in new supply, vacancy rates fell. Noida led rental growth, keeping NCR a key business hub.
READ MOREIndia’s office market reached an all-time high in 2024, with 515 lakh sq ft of new office space added across seven major cities. Despite economic challenges, demand for Grade-A spaces remained strong. Hyderabad and Bengaluru led new completions while rental prices steadily increased.
READ MOREThe National Payments Corporation of India (NPCI) plans to build a 5 lakh sq. ft. office in Mumbai’s Bandra Kurla Complex, consolidating operations and accommodating 5,000 employees. CEO Dilip Asbe highlights the growing need for space due to AI advancements and the rising adoption of UPI-driven credit transactions.
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