Amazon leases 6 lakh square feet office space in Hyderabad

[ARYA]

Amazon leases 6 lakh square feet office space in Hyderabad

The Indian unit of US retail giant Amazon has leased 6 lakh square feet of office space in Hyderabad, making it one of the largest office space deals this year. The deal was closed last week.

The under construction property in Madhapur suburb of Hyderabad is owned by Phoenix Group. “In the first phase, Amazon will occupy 250,000 sq ft with an option to expand it to 6 lakh sq ft over the next one and a half years," said a person having direct knowledge of the development. ..

“It will be occupied in two phases. Amazon will be paying a rent of around Rs 54 per sq ft. The facility will be ready by the end of December," this person said.

In response to ET’s email query, Amazon said: "As a company policy, we do not comment on what we may or may not do in the future”. Amazon India has outperformed rival Flipkart in terms of occupying large office spaces.

The ecommerce firm occupies 3.1million sq ft of office space in India, more than four times the 7 lakh sq ft that Flipkart has on rent.

"The American company has services here that cater to its global operations and that require space. The new facility will cater to overall ecommerce business of Amazon," said another person aware of the development.

 

http://economictimes.indiatimes.com/industry/services/property-/-cstruction/amazon-leases-6-lakh-square-feet-office-space-in-hyderabad/articleshow/59116723.cms?from=mdr

 

[BaabuBangaram]

ware house kosama enti

[sattipandu]

madhapur lo fulfillment center petti em eeekuthaaru

i think they are bringing AWS and labs division to hyd 

inko state dengkapokunda chooskovaali 

[Android_Halwa]

41 minutes ago, BaabuBangaram said:

ware house kosama enti

fullfillment center vunnadi thimmapur degara, already operational..

idi Amazon IT and cust services kosam, existing campus saripovatledu ani expand amma bangaram,,,

amaravati baaga tough competetion ichindani talk...

[4Vikram]

3 hours ago, sattipandu said:

madhapur lo fulfillment center petti em eeekuthaaru

i think they are bringing AWS and labs division to hyd 

inko state dengkapokunda chooskovaali 

2 hours ago, Android_Halwa said:

fullfillment center vunnadi thimmapur degara, already operational..

idi Amazon IT and cust services kosam, existing campus saripovatledu ani expand amma bangaram,,,

amaravati baaga tough competetion ichindani talk...

 

[4Vikram]

Nice 

[mahesh1]

lol..vachinappudu chuddam.. bangalore or vizag  pattukupotaru

[gilly]