Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
AI and robotics firms led office space absorption in Bengaluru in Q2 2024, contributing 21% to the city’s total. The IT-ITeS sector dominated with 69% overall absorption. Nationwide, office space demand surged, driven by strong economic performance. New completions rose significantly, particularly in Mumbai and Bengaluru.
READ MORESEBI’s new regulations for Small and Medium REITs (SMREITs) democratise real estate investments for retail investors, unlocking significant monetisation opportunities and enhancing liquidity. Platforms like Strata and Propshare are transitioning to SMREITs; offering stabilised returns and transparency.
READ MOREDelhi-NCR ranks as APAC’s fifth most expensive office rental market, with monthly prime office rents at Rs 340 per sq ft. Indian office space transactions surged 50% in Q2 2024, driven by returning employees and strategic corporate investments. Mumbai and Bengaluru also saw stable rental rates and high demand.
READ MOREThe Union Budget 2024-25 offers major advantages for the commercial real estate sector, including urban development, rental housing reforms, and policies supporting the growth of coworking spaces.
READ MOREExplore the rise of green buildings in the real estate sector, highlighting their environmental, economic, and social benefits. Check out critical parameters like energy efficiency, water conservation, and sustainable materials while examining technological innovations and green building certifications. Case studies and future trends showcase the promise of green buildings in fostering sustainability and resilience in the built environment.
READ MOREIndia’s startup ecosystem is driving the commercial real estate market, with significant growth in Tier II and III cities. Startups are increasing demand for flexible workspaces, fostering technological advancements, promoting sustainability, and transforming the real estate landscape.
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