Amazon India moving headquarters in Bengaluru to save costs
Subscribe to enjoy similar stories. Bengaluru: Amazon India is moving its corporate headquarters from its longtime base in the northwest part of the city to close to the city's airport as part of the e-commerce and cloud computing giant's cost-cutting exercise, a development that has disturbed the idyllic setting of the bohemian residential community. Significantly, Amazon India's plan to move out of the World Trade Centre, where it occupies nearly half a million square feet of office space across eighteen of the thirty-floor building owned by Brigade Enterprises Ltd, raises questions about how the publicly-traded real estate developer would find a new tenant and on the rental income of adjoining flats.
According to two company executives, Amazon's new office in Sattva, a 15-minute drive from the airport on the city's outskirts, is expected to cost less than a third of the nearly ₹250 per sq. ft. of rent the company currently pays.
The relocation is expected to start in April next year and be completed by April 2026. A spokesperson for Amazon confirmed the development. "At Amazon, we continually evaluate options which are conducive to our business strategy and take actions to bring the best value for our employees and customers.
We are excited for our upcoming move to a new campus, a state-of-the-art facility designed to foster enhanced collaboration and deliver an unparalleled employee experience," said a spokesperson for the company, declining to share details. Brigade said that Amazon has not ended its lease agreement with the company. "Amazon could've signed up additional space at a development on the Bellary Road (Airport Road), but there is certainly no ending of our agreement with them in World Trade Centre,
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