Q: Hey what developmental plans does Cognizant have for Gachibowli in Hyderabad? Are they looking to expand their office space? Can I have more information on this please?
Yes, cognizant has about 5 branches in Hyd, 4 of them are leased and only one is self owned. This is exactly the sort of investment that is required in Hyderabad right now, especially since it had taken a beting because of the political turmoil that was prevailing for the past 5 years. this will instantly give the city more positive recognition.
Do you remember when Cognizant started its activity in Hyderabad? This was way back in 2002, and at that point there were only about 180 people working there. But as of now, there are close to 18,000 professionals working here. Overall, Cognizant has 5 facilities in Hyderabad.
The main reason why Cognizant is willing to take another stand with Hyderabad is that, it complete trusts the facility it has here. It is one of the best facilities it has on a global scale also. The vice chairman stated that, even in terms of hiring success and project implementation, hyderabad is a great base for the company.
So as of right now, the current area of Cognizant is about 225,000 square feet and after this project is completed, this facility will be able to accommodate 8000 IT professionals. This was very recently decided, only last Wednesday or something.
Yes this is true. The famous IT business provider, Cognizant is expanding! And that too in Hyderabad. This is sure to boost the real estate sector of Gachibowli yet again. More employment opportunities for everyone. the total cost of this expansion is around 500 crores.
Hey so this new investment of will add to the already existing built up area of Cignizant, which is a 11 acre campus. At least 1.5 million square feet is to be added to the existing built up area. Gachibowli is a great locality and these sort of fresh investments will entice property price appreciation and values.