Amazon in discussion with DLF to lease office space in Gurgaon

18 Jan 2022 CW Team

E-commerce major Amazon is in discussions with real estate developer Delhi Land & Finance (DLF) to take on lease more than 600,000 sq ft of office space at its forthcoming project 'Downtown Gurgaon'.

During its Q2 analysts call in October, DLF had said that it will shortly begin construction work on 2 million sq ft of office space in Gurgaon as it witnesses increasing demand for grade A office buildings in the coming year. DLF's two towers in Downtown Gurgaon, each with 1.25 million sq ft of office space, is almost complete. While one is about completely leased, the firm has inked a non-binding agreement for approximately 95% of the second tower.

DLF Downtown is at a prime spot on National Highway 8, and despite being an under-construction project, it has obtained interest from large corporates. Most of the leasing has been completed before the achievement of the project.

As per the international property consultants, office space leasing in India has picked up again, and despite Omicron risking the recovery, large corporates have continued to assess grade A assets.

As per DLF Cyber City Developers (DCCDL), the rental arm of the firm, leasing momentum has picked up in the past 6-8 weeks. DCCDL's consolidated revenue reached Rs 1,123 crore in Q2 of FY22 compared with Rs 1,040 crore in the year-ago term. The firm's renewal percentage, which used to be in the 90s, has now dipped to 85%.

Image Source

Also read: Amazon gets warehousing centre from LOGOS under $100 mn ...

Also read: Flexible leases will be a boon in the post-pandemic market

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..