Tag: Tata Consultancy Services

IndustryLatest Stories

Hiranandani Acquires Land in Andheri, Mumbai

Representative image Realty developer House of Hiranandani has secured an acre of land in Mumbai’s Andheri East as part of its strategy to enhance its commercial real estate presence in the city’s evolving office market. The company plans to invest over Rs 500 crore in developing a premium commercial tower on this site. The project is projected to offer around 400,000 sq ft of leasable space, with construction set to commence within three to six months, pending regulatory approvals. This development aims to meet the increasing demand for Grade A office spaces in Mumbai’s western suburbs, fueled by strong occupier…

CommercialLatest Stories

TCS Signs ₹2,130 Crore Lease for 1.4M Sq Ft in Bengaluru

Mumbai-based Tata Consultancy Services (TCS) has secured a new lease for 1.4 million square feet of office space at 360 Business Park in Electronic City. This represents one of the largest office transactions in Bengaluru in recent years. Lease documents obtained by TOI through Propstack indicate that the agreement includes Towers 5A and 5B, consisting of 6.8 lakh square feet in Tower 5A and 7.2 lakh square feet in Tower 5B. The landlord for this space is Labzone Electronics City Pvt Ltd. The agreement is structured in two phases. The first phase, which encompasses the ground floor plus seven floors,…

CommercialLatest Stories

Andhra HC Denies Stay on TCS Land Allotment in Vizag

Representational image VIJAYAWADA: On Wednesday, the high court ruled against halting the land allocation to Tata Consultancy Services (TCS) in Visakhapatnam. The court noted that many states offer land to companies at minimal costs to attract investments, questioning what issue arises if Andhra Pradesh adopts a similar approach. However, the high court indicated that the allotment is contingent upon the final decision regarding the petition. Nakka Nammi Grace, president of the Society for Protection of Civil Property and Environmental Rights in Visakhapatnam, filed a Public Interest Litigation (PIL), arguing that the government’s allocation of land to TCS violates APIIC guidelines.…

CommercialLatest Stories

Cognizant to Invest $183M in New Vishakhapatnam Campus

BENGALURU: Cognizant Technology Solutions will invest ₹15.82 billion (approximately $182.76 million) to establish a new campus in Visakhapatnam, Andhra Pradesh, creating around 8,000 jobs, as announced by the state government on Friday. Operations are set to begin in March 2029, according to a press release from the Andhra Pradesh government. Cognizant has yet to respond to requests for comments. This announcement follows Tata Consultancy Services’ recent plans to develop a ₹13.70 billion campus in the same city, which is expected to generate 12,000 jobs. Such moves are part of Cognizant’s strategy to optimize real estate costs. In May 2023, CEO…