Amazon has leased about 2.8 million square feet of space in Bengaluru, Chennai and Mumbai to expand its offices in India as online customers shop more frequently and with larger baskets.
The Chennai office will come up in the Brigade World Trade Centre. In Mumbai, it has signed a long-term lease agreement for space at Godrej Two in Vikhroli suburb. “Amazon has some immediate requirements and has locked in property across multiple locations. These properties are expected to be up and running in 2021,” said one person aware of the deal.
This is the third such transaction by Amazon since the lockdown. The company also finalised 900,000 sq. ft. of office space in Bagmane Rio in Bengaluru. “Amazon plans to utilise the new space to grow in India and cater to its global operations. India still remains highly attractive due to cost arbitrage and a high-quality talent pool for MNCs to set up offices here,” said another person aware of the deals.
The e-commerce behemoth already occupies over 10 million sq. ft. of office space in Bengaluru, Chennai, Hyderabad and Gurgaon. Commercial deals for over 11 million sq. ft. have been finalised in the past three months in India and there are additional requests for proposals for another 8 million sq. ft. of office space.
Large deals concluded across Indian cities recently include those by Google, Accenture, Microsoft, Morgan Stanley and Standard Chartered Bank.
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