Real Estate

Cognizant Leases 6.45 Lakh Sq Ft in Chennai for ₹303 Crore

By GeoSquare News Desk · Published 2026-10-16

Cognizant has signed a long-term lease for 6.45 lakh sq ft of office space in Chennai. The 10-year deal is valued at approximately ₹303 crore, making it one of the significant office transactions in the city recently.

The leased property is expected to accommodate a large number of employees and support the company's expansion plans in South India. The transaction underscores the continued confidence of global IT firms in India's commercial real estate sector.

What this means for the office market

The deal reflects sustained demand for quality office spaces in prime IT corridors. Even as hybrid work models persist, large occupiers are committing to long-term leases, indicating stability in the leasing market.

Relevance for Maharashtra investors

While the transaction is in Chennai, it offers a broader signal for commercial property investors in Mumbai, Pune, and other Maharashtra markets. Office demand from IT and IT-enabled services remains strong, and Grade A assets in established business districts continue to attract corporate occupiers. Investors should track such lease activities as indicators of rental growth and capital value appreciation.

With India Inc. expanding operations, office space absorption is expected to remain healthy. For property buyers and investors, commercial real estate continues to offer a resilient asset class, provided the location and tenant profile are strong.