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Infosys Technologies leases office space in Bengaluru

Wednesday, 24 Aug 2022

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Infosys Technologies has leased around five lakh sq ft office space in Bengaluru, Karnataka to expand its operations.

The software company will be paying a rental of around Rs 51 per sq ft. The lease term has a five-year lock-in period with a 15-year lease.

The Grade-A SEZ tech park in Yelahanka extends over an area of 13.3 acre. It has a total built-up area of three million sq ft. The facility can seat around 5,000 employees and the lease will expire in May 2023.

The new facility will go live in Q1/FY23. The company has its own campus spread across 81 acre in electronic city and a facility in Bhartiya City spread over 2,50,000 sq ft.

Apart from this, the company is also setting up four new offices in Tier-2 cities in a bid to be closer to the available talent pool. The company plans to set up 1,000-seat offices across Kolkata, Nagpur, Coimbatore, Vizag and Noida.