Infosys Technologies has picked up about 5 lakh sq ft office space in Bengaluru on lease to expand its operation in one of the largest office lease deals in the city in recent times. The new facility at Northgate will see the company spreading its presence across the city as opposed to being concentrated in one location.
The software major 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. Developed by Modern Asset Management, the Grade-A SEZ Tech Park in Yelahanka extends over an area of 13.3 acres and has a total built-up area of 3 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 the first quarter of next year. The company has its own campus spread across 81 acres in electronic city and a facility in Bhartiya City spread over 2,50,000 sq. ft, apart from presence in other major towns in the country.
Infosys 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.
