Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Bata India has unveiled its largest eco-friendly headquarters in Gurugram, celebrating 130 years of global excellence. The sustainable office, featuring smart technology and innovative design, promotes collaboration and employee wellbeing while earning Platinum LEED and GRIHA certifications. Bata’s new workspace exemplifies its commitment to sustainability and a future-focused vision.
READ MORETidel Park Trichy is set to triple its IT office space with a ₹315.2 crore project, adding 5.5 lakh sq ft in phase one. This expansion, alongside private developers’ contributions, will position Trichy as an emerging IT hub, offering low operational costs and access to a growing talent pool.
READ MOREiSprout has expanded its Hyderabad presence by leasing an additional 1 million sq ft of premium office space across SAS iTower, iSprout Tower at Minaas, and Trendset Jayabheri Connect. This brings their total managed space in the city to 1.7 million sq ft, strengthening their leadership in innovative, tech-driven work environments.
READ MOREIndia’s office space absorption rose by 14% in Q3 2024, reaching 12.16 million sq ft across seven major cities, led by Bengaluru. While most cities saw growth, Hyderabad and Kolkata experienced declines. Overall, office demand remains strong, driven by corporate expansion and economic recovery, with 31.03 million sq ft absorbed year-to-date.
READ MORENvidia has renewed its 10-year lease for 375,000 sq ft of office space in Pune’s Yerwada at Commerzone Tower. The deal includes a 5% annual rent escalation. This renewal underscores Nvidia’s commitment to India’s growing tech landscape, focusing on AI, GPUs, and cloud computing innovations.
READ MOREIn Q3 2024, office space absorption in India’s top six cities surged 31% year-on-year, driven by large deals in Bengaluru, Hyderabad, and Pune. The tech and BFSI sectors led demand, with 17.3 million sq ft leased. New Grade A office supply also grew by 33%, reflecting a strong market recovery.
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