E-commerce giant Amazon is finalizing a 1.3 million sqft office lease deal in Bengaluru with IT park developer Bagmane, in a bid to keep pace with its fast paced growth in India, multiple sources briefed on the matter said.
One of the largest office lease deals in recent past is awaiting a formal sign off as Amazon India and Bagmane sort out final details. Amazon's RFP (request-for-proposal) for its office requirements was aggressively pursued by all the top IT Park developers, as reported by TOI in the first week of January.
The Amazon deal is among top three office deals after Flipkart and Wells Fargo, the largest US bank by market value, struck lease large deals for 3 million and one million sqft respectively in the past one year. Bengaluru, the country's startup capital, is the top absorber of office space in the country.
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