BANGALORE: IT major, Tata Consultancy Service is in the process of buying 35 acre SEZ plot in Bangalore suburb Whitefield for a total consideration of over Rs 300 crore.
"Salarpuria Sattva is aggregating land for TCS and the land deal is expected to conclude shortly. When fully complete, the new campus will accommodate up to 40,000 professionals with the potential to develop 3mn sft," said three people having direct knowledge of the development.
A detailed email sent to TCS did not elicit any response.
Currently, land value in Whitefield ranges between Rs 12 core and Rs 20 crore per acre.TCS currently occupy 3 lakh sft in Gopalan SEZ in Whitefield.
Separately, the leading IT services, business solutions and outsourcing firm, is also setting up a new learning and development campus in Thiruvananthapuram (Trivandrum), Kerala.
Set over an area of 82 acres in the Technopark region of the southern city, TCS will invest Rs 10 billion on the proposed project, which will become the company's training center once completed, the company had earlier said in a press release.
The new campus will accommodate up to 10,000 professionals and offer TCS' leading edge learning curriculum to candidates joining TCS straight out of colleges once fully operational. The construction for
the new facility is expected to be completed within 36 months from the date of commencement.
As of September 30, 2011, TCS employed 214,770 professionals. The Mumbai headquartered company has a global presence with 145 offices in 42 countries and 106 delivery centers in 20 countries, according to company's website.
Whitefield (east of Bangalore) has seen at least a dozen land transactions in the last few months due to lower land prices and rising demand among corporate. Recently, Shriram Properties purchased
27 acre for Rs 146 crore, RMZ Corp has bought 28 acres for Rs 133 crore and Total Environment Building Systems picked up 18-acre for Rs 150 crore.
"Salarpuria Sattva is aggregating land for TCS and the land deal is expected to conclude shortly. When fully complete, the new campus will accommodate up to 40,000 professionals with the potential to develop 3mn sft," said three people having direct knowledge of the development.
A detailed email sent to TCS did not elicit any response.
Currently, land value in Whitefield ranges between Rs 12 core and Rs 20 crore per acre.TCS currently occupy 3 lakh sft in Gopalan SEZ in Whitefield.
Separately, the leading IT services, business solutions and outsourcing firm, is also setting up a new learning and development campus in Thiruvananthapuram (Trivandrum), Kerala.
Set over an area of 82 acres in the Technopark region of the southern city, TCS will invest Rs 10 billion on the proposed project, which will become the company's training center once completed, the company had earlier said in a press release.
The new campus will accommodate up to 10,000 professionals and offer TCS' leading edge learning curriculum to candidates joining TCS straight out of colleges once fully operational. The construction for
the new facility is expected to be completed within 36 months from the date of commencement.
As of September 30, 2011, TCS employed 214,770 professionals. The Mumbai headquartered company has a global presence with 145 offices in 42 countries and 106 delivery centers in 20 countries, according to company's website.
Whitefield (east of Bangalore) has seen at least a dozen land transactions in the last few months due to lower land prices and rising demand among corporate. Recently, Shriram Properties purchased
27 acre for Rs 146 crore, RMZ Corp has bought 28 acres for Rs 133 crore and Total Environment Building Systems picked up 18-acre for Rs 150 crore.
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