400000 Sq ft Office Space Leased By TCS in Assotech ABC Noida

Tata Consultancy Services (TCS), India's biggest IT company, has leased a huge 400,000 sq ft office space in Noida. They've leased the whole tower 6, some floors of tower 5 and 3 in the Assotech Business Cresterra complex on the Noida Expressway. This move shows that many companies are going back to having employees work in the office, which is increasing the need for top-notch office spaces, especially Grade A ones. This TCS office in Noida, is one of the biggest lease deal at Assotech Business Cresterra  in Delhi-NCR. 

TCS New Office In Noida

Assotech Business Cresterra, spanning 2 million sq ft, is home to TCS's latest office expansion alongside other firms like Genpact and Celebal Technologies. Vibhor Jain, Managing Director of Cushman & Wakefield North India, anticipates a surge in demand for Grade A office spaces in the coming quarters, driven mainly by IT companies returning to office-based operations.

Meanwhile, TCS CEO K Krithivasan affirmed that the company is solely ending the work-from-home policy and has no intentions of reducing hiring; this is why this leasing has taken place. TCS, known as the most prominent Indian software exporter in terms of headcount, revenue, and profit, currently employs over 600,000 individuals. Krithivasan emphasised TCS's commitment to hiring, stating that the firm will adapt its hiring process to accommodate increasing work demands but assured no cutbacks in hiring plans.

TCS Sector 157 Noida

Have you wondered why TCS purchased a 75-acre parcel of land in Sector 157 in Noida to develop IT SEZ space when they had already leased office spaces in ABC? Well, the answer is quite simple. TCS has recognized the growth opportunity in Noida and the significant investment and footfall it is attracting. They understand it will require substantial space to accommodate many workaholics. This is why they have acquired this space on a seven-year lease. Moreover, any development takes time, which is why TCS has leased it for the time being to continue with its work.