Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s real estate market will see a steady recovery and transformation in 2024. Office leasing nears pre-pandemic levels, fueled by IT and hybrid work models, while e-commerce drives warehousing demand. Residential trends favour integrated townships and sustainable green buildings. Affordable housing expands, though affordability challenges persist in major cities like Mumbai and Delhi.
READ MOREBollywood actor Ajay Devgn has renewed the lease for two commercial units in Mumbai’s Andheri area for ₹4.16 lakh per month. The five-year lease extension adds to Devgn’s growing real estate portfolio, which includes high-value office spaces in Mumbai. It highlights a trend of Bollywood stars investing in commercial properties.
READ MOREIn Nikhil Kamath’s latest podcast episode, WTF is Indian Real Estate Giants Up To?, industry leaders Irfan Razack, Nirupa Shankar, and Karan Virwani discuss the evolution of India’s real estate sector, opportunities for entrepreneurs, and the challenges of managing family-run businesses. The episode offers key insights into modern workspace trends and succession strategies.
READ MOREThe pivotal role of UI/UX design in the real estate market focuses on streamlining property searches, enhancing user engagement, and simplifying complex processes. With mobile optimisation and transparency as key factors, UI/UX design has become a crucial tool for real estate platforms to boost user satisfaction and build trust.
READ MOREIndia’s real estate market is projected to reach $10 trillion by 2047, contributing up to 20% of the nation’s GDP. Rapid urbanisation, foreign investments, and technological advancements will fuel growth. Sustainability and PropTech will play pivotal roles, with reforms like RERA and REITs driving future Expansion.
READ MOREBlackstone Group has acquired Mumbai’s iconic One BKC building in Bandra Kurla Complex for ₹2,500 crore, marking India’s largest commercial real estate deal this year. This acquisition is part of Blackstone’s aggressive expansion in India’s office space market, reflecting the growing demand for premium commercial properties.
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