Qualcomm leases over 1.8 million sq ft space in K Raheja’s Hyderabad IT park

American multinational corporation Qualcomm has picked up over 1.8 million sq ft spread over an entire 20-storey commercial tower in realty developer K Raheja Corp’s information technology park in Hyderabad in one of the largest office lease transactions, said people with direct knowledge of the development.

This will be Qualcomm’s largest such office set up anywhere outside the US. The company will be paying over ₹3,054 crore as rentals over a total term of 15 years, including the escalations of 15% every three years, as per the terms of the agreement.