Cognizant Technology Solutions India has leased 645,172 sq ft of office space at Embassy Splendid TechZone in Pallavaram, Chennai, for total rent of approximately Rs. 3.03 bn, according to property registration data accessed by Propstack. The transaction covers chargeable office space across 10 floors in the commercial development.

The lease commenced on September 10, 2026, and has a tenure of five years, according to the registration documents. The monthly rental rate is Rs. 74 per sq ft, resulting in monthly rent of approximately Rs. 47.7 mn. The agreement also provides for a 15 per cent rental escalation every three years.

ESNP Property Builders and Developers, associated with Embassy REIT, is the landlord in the transaction. The agreement includes a security deposit of Rs. 286.4 mn. Embassy Splendid TechZone is located in Pallavaram, an established office and commercial corridor in Chennai that forms part of the city’s broader technology and services market.

The lease adds to Cognizant’s recent office-related transactions in India. In December 2025, the company renewed leases covering more than 92,000 sq ft at Mindspace Business Parks in Airoli, Navi Mumbai. That agreement involved total rent of more than Rs. 396.6 mn, with an initial monthly rent of Rs. 6.27 mn and an annual escalation of 4.5 per cent.

The Navi Mumbai transaction covered space on the second and sixth floors of the business park and had a five-year term with a three-year lock-in period. In early 2025, Cognizant sold its India headquarters in Chennai to Bagmane Constructions for Rs. 6.12 bn. The property in Thoraipakkam spanned 590,000 sq ft across 13.6 acres, according to property transaction details.