The building sale will certainly bring Cognizant a minimum of Rs 750 crore.
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Cognizant’s India head office, which lies at Okkiyam Thoraipakkam in Chennai, makes up a 15-acre land parcel and 4 lakh sq feet workplace on Chennai’s IT passage.
IT significant Cognizant has actually placed its Chennai head office up for sale. The sale of the prime building, which has actually been working as Cognizant’s India head office for over 20 years, will certainly bring the business a minimum of Rs 750 crore, Times of India reported. The building, which lies at Okkiyam Thoraipakkam, makes up a 15-acre land parcel and 4 lakh sq feet workplace on Chennai’s IT passage.
Real estate expert JLL has actually been mandated by Cognizant to market the building. It remains in very early conversations with regional designers Baashyaam Group and Casagrand for the sale.
Cognizant prepares to leave the university by December 2024, according to the TOI record. The business will certainly change to its brand-new India head office at MEPZ near Tambaram on the GST Road.
The changing becomes part of Cognizant’s recurring procedure of settling its procedures in 3 of its very own structures at MEPZ, Sholinganallur, and Siruseri.
Cognizant’s existing Thoraipakkam university is the one where founders Lakshmi Narayanan and Chandrasekaran ran also. Cognizant’s remote buzzing of the Nasdaq opening up bell was likewise hung on this university.
