India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

WeWork India has signed a 141,392 sq ft managed office lease with Cognizant Technology Solutions India in Chennai. The agreement covers two floors at Embassy Splendid TechZone and offers 2,605 seats. At about ₹14,000 per seat per month, the deal marks WeWork India’s first lease transaction with Cognizant.
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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.
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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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