Amazon India, has taken on lease over 30,000 square feet of office space at One BKC building in Bandra Kurla Complex area of Mumbai for its corporate headquarters.
This is its first entry into Mumbai and the facility will house its seller services and bring it closer to one of the largest markets in country. Market sources said the deal is for five years with average rentals around Rs 280 per sqft per month.
The firm, which has recently emerged as the biggest online retailer in India, will pay a yearly rent of Rs 9.5 crore for the office space at One BKC building in the Bandra Kurla Complex area of Mumbai.
Sales & marketing, and the regional seller services teams of Amazon will work from this office. Amazon’s office in Bengaluru will continue as its back-end hub.
Last year, Amazon had leased 1.2 million sq feet in Bengaluru. It also has its development centres in Hyderabad besides 20 fulfilment centres across India. Experts note that Amazon which has several offices in Bengaluru, may be looking to consolidate its India presence with another office space.
Domestic e-commerce major Flipkart had taken 3 million square feet of prime office space in Bengaluru in 2014. The deal was regarded as the largest office deal in the country thus far, and Flipkart pays Rs 300 crore annual rent to building owner Embassy Group.
Technology major Cisco has also expanded its offices to approximately 50,000 sqft in the city by moving into Radius Developer’s OneBKC on a nine year lease.
In December 2015, Amazon said it become the most visited e-commerce site in India beating local rival Flipkart in the month of October last year citing comScore data.
The report said Amazon.in clocked 30 million unique visitors during the month ahead of Flipkart.com, Jabong.com and Snapdeal.com. A year ago Rocket Internet-incubated online fashion retailer Jabong was the most visited Indian e-commerce site followed by Flipkart, Snapdeal and Amazon.