Infosys has leased 1.3 lakh sq ft of office space at Pune’s Embassy Tech Zone for ₹70.4 lakh per month. This expansion reflects strong demand for Grade A commercial spaces, aligning with a broader industry trend led by tech and BFSI sectors across India’s top office markets.
Infosys, one of India’s largest IT services firms, has expanded its office footprint in Pune by leasing 1.3 lakh square feet of space at Embassy Tech Zone, Hinjewadi Phase II. The company signed a three-year agreement with a monthly rent of ₹70.4 lakh, per registration details shared by Propstack.
The lease, which officially began on June 4, 2024, and was registered in December, includes a deposit of ₹6.34 crore. The deal is for a fully fitted office, taken on an “as-is-where-is” basis, highlighting Infosys’ need “for the purposes of carrying out the permitted business,” as stated in the registration document.
Embassy Tech Zone is part of the Bengaluru-headquartered Embassy Office Parks REIT and spans a total leasable area of 5.5 million square feet. With a market value of ₹2,414.5 crore, the commercial hub is located in the Rajiv Gandhi Infotech Park and continues to be a prime choice for IT and BFSI companies.
This addition strengthens Infosys’ presence in Pune, which already operates offices across multiple locations, including Hinjewadi Phases I–III and Magarpatta City. The move also signals a steady return to physical workspaces and an ongoing demand for premium, ready-to-use commercial real estate.
Infosys’ recent leasing activity reflects a broader trend in India’s office space market. According to a Savills report, gross office absorption across the top six cities rose 10% year-on-year in Q1CY25. Pune itself saw a 9% jump, fueled by demand from IT-BPM, BFSI, and flexible workspace operators.
The tech sector continued to lead the charge, accounting for 32% of all leasing activity in the first quarter. Infosys’ new lease adds to its previous large-scale deals, including a 5 lakh sq ft lease in Bengaluru in 2022 and a joint 6 lakh sq ft lease with HDFC Bank in Noida last year.
With steady growth in the flexible and Grade A office market, especially in tech-focused zones like Hinjewadi, industry experts view this latest move by Infosys as a strong signal of long-term confidence in India’s evolving workspace ecosystem.
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