Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Panchshil Business Spaces has leased 7.71 lakh sq. ft. to CitiCorp Services India in Kharadi, Pune, for ₹1,096 crore. The 10-year deal, among Pune’s largest, highlights the city’s commercial real estate growth. The lease includes parking, phased commencement from 2025, and a 15% rent escalation every three years.
READ MOREGlobal Capability Centers (GCCs) have driven a record surge in commercial real estate leasing by India’s BFSI sector, reaching 31 million sq. ft. from 2022-2024. Global firms accounted for 59% of the leasing, with strong domestic demand in Mumbai. India’s talent and digital growth fuel this expansion.
READ MOREIndia’s real estate sector saw an 88% investment surge in H2 2024, reaching $3 billion, driven by office and industrial growth. Foreign capital comprised 57% of inflows, with Mumbai as a key hub. Experts cite strong economic growth and policy measures as catalysts for continued investment momentum into 2025.
READ MOREIndia’s real estate sector in 2025 is set for dynamic growth, driven by technology, sustainability, and rising investments. With Tier-II cities emerging as key players, office spaces evolving, and luxury housing surging, the industry is reshaping urban landscapes and redefining living, working, and retail experiences across the country.
READ MOREIndia’s real estate market is rapidly growing, projected to hit $1.28 trillion by 2035 at a 24.29% CAGR. Foreign investments are surging, with 55% of Q1 2024 inflows from global investors. Office leasing, affordable housing, and tech-driven developments fuel this boom, solidifying India’s global position.
READ MOREThe Union Budget 2025–26 aims to transform India’s commercial real estate sector with tax incentives, infrastructure expansion, and regulatory reforms. Experts highlight GST simplifications, lower interest rates, and rising coworking space demand. While concerns over capital expenditure persist, the budget’s pro-growth measures are expected to drive investment and innovation.
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