Infosys BPM leases 1.3L sq ft in Pune’s Embassy Tech Zone
ECONOMY & POLICY

Infosys BPM leases 1.3L sq ft in Pune’s Embassy Tech Zone

Infosys BPM, the business process arm of Infosys, has leased around 1.3 lakh sq ft of office space at Pune’s Embassy Tech Zone in Hinjawadi. As per registration documents accessed by Propstack, the company will pay a monthly rent of Rs 7 million for a period of three years.

The lease, signed at Rs 55 per sq ft per month, began on June 4, 2024, and was registered on December 12. Infosys has also paid a security deposit of Rs 63 million for the space, which spans five floors across Wing A and B. The property is owned by Embassy Pune Techzone Pvt Ltd.

Email queries to Infosys BPM and Embassy are currently pending response.

This lease adds to a series of big-ticket commercial deals in Pune. Earlier, CitiCorp Services India leased over 7.7 lakh sq ft from Panchshil Business Spaces at Kharadi for 10 years, in a deal valued around Rs 10.96 billion.

Co-working operator Awfis also picked up 2.7 lakh sq ft in Nyati Enthral 2, Kharadi, for five years at an annual rent of Rs 157.7 million.

In November 2024, CA (India) Technologies, a subsidiary of a US-based software firm, renewed a 1.08 lakh sq ft lease in Kharadi for five years at a yearly rent of over Rs 120 million.

Image Source:theflexinsights

Infosys BPM, the business process arm of Infosys, has leased around 1.3 lakh sq ft of office space at Pune’s Embassy Tech Zone in Hinjawadi. As per registration documents accessed by Propstack, the company will pay a monthly rent of Rs 7 million for a period of three years. The lease, signed at Rs 55 per sq ft per month, began on June 4, 2024, and was registered on December 12. Infosys has also paid a security deposit of Rs 63 million for the space, which spans five floors across Wing A and B. The property is owned by Embassy Pune Techzone Pvt Ltd. Email queries to Infosys BPM and Embassy are currently pending response. This lease adds to a series of big-ticket commercial deals in Pune. Earlier, CitiCorp Services India leased over 7.7 lakh sq ft from Panchshil Business Spaces at Kharadi for 10 years, in a deal valued around Rs 10.96 billion. Co-working operator Awfis also picked up 2.7 lakh sq ft in Nyati Enthral 2, Kharadi, for five years at an annual rent of Rs 157.7 million. In November 2024, CA (India) Technologies, a subsidiary of a US-based software firm, renewed a 1.08 lakh sq ft lease in Kharadi for five years at a yearly rent of over Rs 120 million.Image Source:theflexinsights

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?