Cognizant leases 3.5 lakh sq ft office space at DLF Kolkata IT park

MUMBAI: The local arm of the US-based Cognizant Technology Solutions has picked up a 3.5-lakh square feet office space on a long-term lease in DLF’s information technology park at Kolkata’s Rajarhat locality, which is emerging as the eastern city’s belated answer to the technology hubs of Bengaluru, Gurugram or Noida.

Cognizant has leased the office space for nine years, and the facility would underpin its expansion in India, said multiple people with direct knowledge of the development. Rentals for the lease have been set at Rs 35 per sq ft a month, with the agreement carrying a rental reset clause every three years.

“The deal has been signed and concluded a few weeks ago. The new office can accommodate up to 4,000 employees,” said one of the persons mentioned above.