Hewlett Packard leases 1.8 lakh sq ft office space in Chennai

29 Dec 2021 CW Team

US technology firm Hewlett Packard had rented a 1.8 lakh sq ft office facility in Chennai to consolidate and boost its operation in the city.

HP will utilise the new space to house around 1,800 employees. The office area was coming up Prestige Metropolitan and inked at Rs 75 per sqft. The lease is for 15 years. Prestige Metropolitan is a five lakh sq ft Grade A Premium office development situated on Chennai’s main arterial road, mount road.

The new office for HP will witness it moving away from numerous areas in Chennai and consolidating in Prestige Metropolitan. The office is under fit-outs and will be operating between March and June 2022.

After the outbreak of the Covid-19 pandemic globally, HP has taken significant restructuring initiatives, including streamlining headcounts globally. The technology company presently employs 55,000 employees globally and anticipates restructuring programs to save $1 billion by next year.

In recent times, top Indian cities have seen a substantial increase in large office space deals. Bengaluru, the IT capital of the nation, registered the highest number of office agreements in 2021. Few of the large contracts closed recently in Bangalore alone comprises Cisco 2,700,000 sq ft Prestige Cessna and Byju's leasing 2,93,000 sq ft in PrestigeTech Park. It was followed by Collins Aerospace renting 2,75,000 sq ft in Northgate SEZ in the city.

The Indian office market is likely to observe a rebound driven development in the information technology, IT-enabled services sector record hiring and aggressive vaccination rates in the nation. By the end of the third quarter, the IT sector had rented 8 million sq ft.

Image Source

Also read: DLF to kick off construction of 2 million sq ft office space in Gurugram

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..