{"id":1267,"date":"2017-02-22T17:04:26","date_gmt":"2017-02-22T11:34:26","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1267"},"modified":"2017-02-22T17:04:26","modified_gmt":"2017-02-22T11:34:26","slug":"flipkart-slashes-mega-bengaluru-office-lease-deal-by-over-70","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/flipkart-slashes-mega-bengaluru-office-lease-deal-by-over-70\/","title":{"rendered":"Flipkart slashes mega Bengaluru office lease deal by over 70%"},"content":{"rendered":"<p>Flipkart has substantially scaled down its need for a huge office space in Bengaluru, which it leased almost two years back, as e-commerce companies in the country struggle to find new avenues of growth and raise fresh funds amid sharp cuts in their valuations.<\/p>\n<p>India&#8217;s biggest e-commerce company is now looking to lease just 0.83 million sqft office space. The initial agreement was for 3 million sqft from southern property developer Embassy Group, which was subsequently downsized to 2 million before the company finally decided on the current lease deal.<\/p>\n<p>The deal was originally struck when the funding boom was at its peak. At the time, it was the country&#8217;s single largest office lease deal. Flipkart has not raised funds in the past 18 months, even as it defends its leadership position in a bruising marketplace war with Amazon.<\/p>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/realty.economictimes.indiatimes.com\/news\/commercial\/flipkart-slashes-mega-bengaluru-office-lease-deal-by-over-70\/57283561\" target=\"_blank\">ETRealty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flipkart has substantially scaled down its need for a huge office space in Bengaluru, which it leased almost two years back, as e-commerce companies in the country struggle to find new avenues of growth and raise fresh funds amid sharp cuts in their valuations. India&#8217;s biggest e-commerce company is now looking to lease just 0.83\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/flipkart-slashes-mega-bengaluru-office-lease-deal-by-over-70\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2,18,20],"tags":[26,78],"class_list":["post-1267","post","type-post","status-publish","format-standard","hentry","category-bangalore","category-city","category-deals","category-lease","tag-embassy","tag-flipkart"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1267"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1267\/revisions"}],"predecessor-version":[{"id":1268,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1267\/revisions\/1268"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}