Amazon leases 1.3m sq feet |
E-commerce giant Amazon will lease a 1.3 million sq ft office in Bengaluru with IT park developer Bagmane. This is because Amazon has to keep pace with its fast paced growth in India. Amazon India and Bagmane are sorting out final details. The Amazon deal is among top three office deals. Flipkart and Wells Fargo, the largest US bank by market value, struck deals for 3 million and 1 million sq ft respectively in the past one year. Bengaluru, the country`s startup capital, is the top absorber of office space in the country. Amazon has crossed $2 billion in India sales by gross merchandise value and could hire over 10,000 employees in the next 2-3 years.
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