Chennai Archives - Flex Insights

Cognizant to Sell Historic Chennai Headquarters for ₹800 Crore 0

Cognizant plans to sell its historic 15-acre Chennai headquarters for ₹750-800 crore by December 2024. The move marks a shift to its new India HQ at MEPZ, Tambaram, as part of consolidation efforts. The sale highlights operational streamlining amid challenges like delayed salary hikes and cost optimization initiatives.

Tamil Nadu Leverages Land Bank for Office Space Development in Chennai 0

Tamil Nadu is tapping into its land bank to develop 30 Grade-A office spaces near metro stations in Chennai, addressing rising demand. With 10.8 million sq. ft. absorbed in 2023, the state eyes GCC growth, offering incentives to attract global firms. Chennai ranked third in GCC leasing, driving strategic economic expansion.

Chennai Poised for GCC Boom: Over 450 Centres by 2030, Says CBRE 0

Chennai is set to host 450+ Global Capability Centres (GCCs) by 2030, up from 250 today, driven by premium office spaces, skilled talent, and proactive policies. CBRE’s report highlights Chennai’s ranking as India’s third-largest GCC leasing market, with robust growth in office absorption and strategic appeal for global corporations.

Tamil Nadu CM Inaugurates Affordable Co-working and Learning Hub in Chennai 0
- Industry News
- November 16, 2024
Tamil Nadu Chief Minister M.K. Stalin has inaugurated “Mudhalvar Padaipagam,” an affordable co-working and learning hub in Chennai. Part of the North Chennai Development Scheme, the facility offers high-speed internet and modern amenities, supporting students, entrepreneurs, and residents with accessible spaces for learning, business, and creativity.
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Cognizant Puts Chennai Headquarters Up for Sale, Valued at ₹750-800 Crore 0
- Industry News
- September 9, 2024
Cognizant is selling its Chennai headquarters, valued at ₹750-800 crore, as part of its plan to consolidate operations at its MEPZ campus. The 15-acre property has been Cognizant’s base for two decades. The sale, managed by JLL, follows the company’s broader operational shift and ongoing legal challenges.
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Tata Realty Secures INR 825 Crore Loan for Sustainable IT Park in Chennai 0
- Industry News
- July 26, 2024
Tata Realty secures an INR 825 crore loan from IFC for Chennai’s Ramanujan Intellion Park, India’s first IFC EDGE Zero Carbon certified asset. This funding will enhance sustainability, promote green building practices, and support a large workforce in a prime IT corridor, setting a benchmark for eco-friendly commercial spaces in India.
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