Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
A Jet Airways-owned office floor in Mumbai’s Godrej BKC tower is set for auction on June 2 with a reserve price of ₹335.24 crore. Brookfield, which owns two other floors in the building, holds first refusal rights. The sale follows an NCLT order lifting a previous property seal.
READ MOREBihar’s Urban Development Department has approved the construction of permanent office buildings for 15 municipal bodies, including older councils lacking dedicated spaces. This move aims to streamline urban governance. Municipalities must provide land and approvals, with costs estimated at ₹2.49 crore for councils and ₹4.98 crore for nagar panchayats.
READ MOREIncuspaze has leased 2.5 lakh sq ft at Olympia Crest in Chennai’s IT corridor to launch a 4,000-seat managed workspace. This move aligns with the rising demand for flexible offices, especially from global firms in India, and marks the company’s continued nationwide expansion.
READ MOREA new JLL report reveals that 62% of India’s Grade A office spaces across significant cities require retrofitting to stay relevant. With a Rs 45,000 crore investment opportunity, this shift is set to reshape the office market, driven by demand for sustainable, tech-enabled, and experience-driven workspaces.
READ MOREIndia’s office fit-out costs are rising, with Mumbai leading at $73 per sq. ft., followed by Delhi and Bengaluru. Despite a 3% increase, India remains cost-effective in APAC. Companies are investing in premium, tech-enabled, and sustainable workspaces. Flexible office models and sustainability initiatives are also shaping workplace trends.
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