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Cognizant rents 3.5 lakh sq ft office space at DLF’s IT park

Tuesday, 03 Mar 2020
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The local arm of the US-based Cognizant Technology Solutions has rented a 3.5 lakh sq ft office space on a long-term lease in DLF’s Information Technology (IT) park at Rajarhat locality in Kolkata, West Bengal.

Cognizant has leased the office space for nine years, and the facility will underpin its expansion in India. Rentals for the lease have been set at Rs 35 per sq ft a month, with the agreement carrying a rental reset clause every three years. The deal has been signed and concluded recently.

The new office can accommodate up to 4,000 employees. The company has leased the space in Phase-II of DLF IT Park that has total 1.1 million sq ft leasable area, and with this deal, the park will see nearly 100 percent occupancy level.

DLF is now looking to expand its commercial portfolio in Kolkata as both of its IT parks with over 2.4 million sq ft leasable spaces are fully occupied. These assets are part of the portfolio of rental arm DLF Cyber City Developers (DCCDL), its joint venture (JV) with Singapore sovereign fund GIC.

 
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