Bank of America (BofA) has acquired 1.1 million square feet of Chennai office space in a major move. This sale is BofA's biggest office space transaction of 2023 and one of its largest captive centres outside the US. The DLF Downtown, Taramani site is for the bank's Indian back office.

Cognizant Technologies, a major software corporation, is moving towards asset-lightness. The company will sell its large Hyderabad and Chennai offices. Cognizant's approach is to concentrate on non-core real estate and simplify operations.

IndiQube leased 40,000 square feet of flexible office space to Facilio, an AI-driven property operations platform. IndiQube's main office building in Guindy, Chennai.

Indian Multinational IT Company Mindtree, Has Preleased 6 Lakh Square Feet Office space at L&T Future IT Park in Chennai

According to recent real estate reports, the US technology company Hewlett Packard has leased around 1.8 lakh square feet of office space in Chennai in order to consolidate and grow its operations in the South Indian metropolis.

Managed office space provider Smartworks has leased around 200,000 sq ft to five companies in its new flexible workspace centre in suburban Pune’s Baner area.