Eyeing expansion, Indian IT major Infosys Technologies has reported to have leased about 5 lakh sq ft office space in Bengaluru to further its operation in technology capital of the country.
According to reports, the new facility at Northgate will see the company spreading its presence across the city as opposed to being concentrated in one location.
The new property 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.
At present Infosys 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.
With the new lease in place, the company now looks to set up 1,000-seat offices across Kolkata, Nagpur, Coimbatore, Vizag and Noida. The tech major added 21,171 employees during the first quarter of 2022-23. The total employee count at the end of the June 2022 quarter stood at 335,186 employees.
The Indian office space has seen a major shift in demand from large corporations with many looking to set up satellite offices across major cities. These companies have either taken space in the flexible managed office operators or set up their own offices in smaller towns as corporations adopt a hybrid work model offering employees a choice to work out of satellite premises.
Some large companies that have even taken space in flexible managed office space in tier-2 towns include Google, Accenture, Deloitte, Persistent Systems, Tech Mahindra, and IBM going to tier-2 cities.