India's biggest e-commerce company Flipkart ready for biggest ever deal

Q: Have you heard this news? India's biggest e-commerce company Flipkart has doubled its demand for office space to 3 million sq-ft in Bangalore.

Balmiki Halder, Guwahati

14th October 2014

Real estate News in Bangalore

biggest e-commerce deal

flipcart

embassy office parks

bagmane group

biggest ever deal

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Replies (4)

The office deal with Embassy Office Parks will see Flipkart being settled in the 106 acres Embassy TechVillage, which has around 500000 sq-ft of space that is yet to be let out of the 1.9 million sq-ft developed, with the potential for to develop an additional 10 million sq-ft. of office space.

Aveek Paul,

14th October 2014

Comment

Flipkart is doing wonders in ecommerce and giving a good challenge to Amazon. A healthy competition is all we need.

Supratim,

14th October 2014

There are several more steps that insisted Inflation and food index has come down compare to previous month. This is a good sign for India to strengthen economy too. MODI mantra started working after 5 months and all opposition will remain silent on these issues. Good job work done by MODI government.

Aveek Paul,

14th October 2014

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pankaj arora,

23rd August 2018

@Supratim,
The extremely fast growth of India's e-commerce market and Flipkart's aggression at the top would mean that hiring is likely to remain strong and healthy for the 7 year-old-company co-founded by Sachin and Binny Bansal. Lot's of new employment will get chance.

Aveek Paul,

14th October 2014

Comment

Their nearest rival Amazon has already rented out around 300000 sq-ft of office space at the World Trade Centre in Bangalore, a tenth of the office space requirement that Flipkart is projecting.

Supratim,

14th October 2014

Yes, I heard and this deal is at Rs 52/sq-ft, is likely to be completed as early as this week. Flipkart plans to take in the entire office space in two phases, but in a record 4-5 years.

Supratim,

14th October 2014

Comment

For that they had short-listed Bangalore-based Bagmane Group and Embassy in a process advised by real estate consulting firm JLL.

Aveek Paul,

14th October 2014

Well Aveek,
By the end of this financial year, their employee strength would be increased to 25000 from 12000 at the beginning of the year. In real estate chitchat, 3-million sq-ft of office space could seat around 30000 to 50000 employees.

Supratim,

14th October 2014

Only two-months after approaching top developers to lease 1.5 million sq-ft. Embassy Office Parks, is favourite to bag this lease deal which is pegged to be the largest office space transaction in India in at least a decade.

Aveek Paul,

14th October 2014

Comment