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Amazon India relocating HQ
Hindustan Times
|November 18, 2024
Amazon India is moving its corporate headquarters from its longtime base in the northwest part of Bengaluru to close to the city's airport as part of the e-commerce and cloud computing giant's cost-cutting exercise, a development that has disturbed the idyllic setting of the bohemian residential community.
Significantly, Amazon India's plan to move out of the World Trade Centre, where it occupies nearly half a million square feet of office space across eighteen of the thirty-floor building owned by Brigade Enterprises Ltd, raises questions about how the publicly-traded real estate developer would find a new tenant and on the rental income of adjoining flats. According to two executives, Amazon's new office in Sattva, a 15-minute drive from the airport, may cost less than a third of the nearly ₹250 per sq. ft. of rent it currently pays. The relocation is expected
Esta historia es de la edición November 18, 2024 de Hindustan Times.
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