Bosch Leases 2.5 lakh sq ft Office Space in Hyderabad
Bosch has leased around 2.5 lakh sq ft office space in Hyderabad to expand its operations in one of the significant office lease deals. The new facility is at Sattva Group-owned office park -knowledge city. “The software major will be paying a rental around Rs 120 per sq ft or around Rs 30 crore annually. The lease term has a five-year lock-in period with a 9-year lease. “The facility can seat around 3000 employees and will go live by year-end.” Bosch is expanding its IoT activities in India by transforming its headquarters in Adugodi, Bengaluru, into a new smart city campus called Spark.NXT. Over the last five years, Bosch has invested Rs 800 crore in developing the campus which can potentially house 10,000 associates. The 76-acre site is Bosch’s first smart campus in India and features multiple smart solutions based on sustainability, security and user experience for associates, visitors and facility management. Sattva Group has signed around 2 mn sq ft of office space in the first half of 2022 and expects to double it by the end of the year. The company currently has 12 mn sq ft of office space under construction across Bengaluru and Hyderabad.
Tags : Bosch office space Hyderabad Sattva Group knowledge city Bengaluru sustainability security user experience