Flipkart leases two million sq. ft. office space in Bangalore

As speculated earlier, leading ecommerce major Flipkart has leased India's single largest office space of a two million sq. ft. in Bangalore, as the company plans expansion of operations and workforce. Flipkart was initially in talks with the Embassy Group to lease three million sq. ft. The company will pay rent at Rs 50 a month per sq. ft. for 20 years.

Leading ecommerce players are continuously in the news, for getting funds, acquiring smaller players and expanding their portfolio and reach and amid all the activity, they are also focusing on getting hold of prime realty spaces in major metro cities Delhi-NCR, Bangalore and Hyderabad. Apart from Flipkart, other major players like Amazon, Jabong and Snapdeal are expected to follow the suit. According to a Cushman & Wakefield report, Flipkart last year topped the list among e-commerce players by taking up three office properties, totaling 411,000 sq. ft., on Bangalore’s Outer Ring Road. Having 10 offices in Bengaluru and 13 warehouses across the country, Flipkart is said to be in the final stages of signing the proposed campus, where all its employees are expected to be accommodated.

Last year, even Jabong and Snapdeal signed huge spaces and experts says that they are ready to further finalise a few more this year. While Jabong picked up 120,000 sq. ft. in Gurgaon, Snapdeal acquired 115,000 sq. ft. in Delhi last year. And even Amazon’s India arm is said to be scouting for a large office space of more than one million sq. ft. in Bangalore this year. For now, it has campuses in Bangalore, Chennai and Hyderabad, besides offices in 15 Indian cities.