Birlasoft, an IT company which is a branch of the reputed CK Birla Group, has rented an office building which is more than 3 lakh square feet in size. This building is situated at the mixed-use project of Assotech Realy (Assotech Business Cresterra) in Noida.
Birlasoft has rented this entire building for a lease of 9 years. They can renew it after every three years. The rent which they have to pay monthly is Rs.42 per square feet.
The plan behind renting this building is that Birlasoft will make it their new corporate office headquarters. The few offices which they already have in Noida are going to be shifted to this new building.
The offices in this new building will be able to contain over 3000 employees.
The mixed-use project, Assotech Business Cresterra, is located in sector 135 (Noida Expressway). With a total size of 1.8 million square feet, it is a complete business park which has retail spaces comprising of 75000 square feet of the area.
The construction of the first phase of the mixed-use project of Assotech Realty in Noida is already completed and the construction of the second phase has started.
The technology firms have been the highest factor in the demand and have provided around 36% of the total office leasing in Noida from the quarter of January to March.