Deloitte a Big Four Firm has inks deals with Prestige Group and Salarpuria to secure three office spaces spanning one million sq ft in a bid to bolster its operations in Bengaluru. The firm has leased around 500,000 sq ft of office space at Prestige Tech Park on Outer Ring Road and over 460,000 sq ft in Salarpuria Aura and Eminence in Bengaluru.
The new office lease can house 9,000 employees with a lock-in-period of five years and an option to renew for an additional five years for the next two years. Deloitte has hired nearly 50,000 professionals over the last three years, nearly doubling its headcount in India.
The firm plans to continue to invest in people and productive capacities in India to support education, digital skills development, and training opportunities in the country. “In 2023 despite the office market being uncertain, the office sector is poised for growth, provided the economic environment remains bright. We do not expect the leasing numbers to fall below the peak pandemic levels of leasing even in a pessimistic scenario,” said Peush Jain, MD Colliers India.
The India office leasing market has moved into the slow lane since the beginning of 2023 and is expected to pick up in the second half of the year, led by global capability centres, BFSI companies and start-ups with sound business models.
