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Deloitte Consulting India Has taken on lease approximately 1.56 lakh sq. ft. of office space for 10 years at the International Tech Park in Pune‘S lathe locality as part of its India expansion plan.
The consultancy firm has leased 77,969 sq ft on the 10th and 11th floors at monthly rents of Rs 79 and Rs 80 per sq ft, taking its total payment for 10 years to Rs 176 crore, including escalation .
The lease agreement includes a lock-in period of three years and a provision to increase the rent by 15 per cent every three years.
Deloitte Looking to add over 50,000 employees over the next 3-5 years to enhance its presence and service portfolio in India. A top executive of the company told ET in a recent interaction that the company has grown at an average of 27% in the last eight years and is expected to grow at the same rate in the next four years.
In addition to the base fare, Deloitte The consultant shall pay Rs 12.75 per sq.ft towards common area maintenance charge of the leaseable area.
It has also agreed to maintain a security deposit of Rs 7.44 crore during the lease period and the same has already been paid to the property owner, documents obtained through CRE Matrix show.
As part of the agreement, Deloitte Consulting will receive exclusive access to 156 car parking slots in the commercial tower.
ET’s email query Deloitte Consulting India remained unanswered at the time of going to press on Thursday.
With global capacity centers, captive and shared services key growth drivers in the office market Pune and especially lathe The micro market is buzzing with activity. Property consultants said that the supply in the Kharadi micro-market alone is set to reach 25 million sq ft in 3-4 years.
According to him, the tenant profile here includes a diverse range of large multinational corporations from the banking, financial services and insurance (BFSI), information technology and IT-enabled services (IT/ITES), e-commerce and engineering sectors.
The commercial office segment, which was hit hard by the pandemic, has made a comeback in the last 3-4 quarters, supported by strong economic growth, increase in hiring and return to office trend.
According to a recent report, gross office leasing grew 36% year-on-year to 51.6 million sq ft in July-December 2022. Completion of new office space increased 28% to 49.4 million square feet.
Office rental levels were stable or increased in all markets during this period, marking the second half since the first half of 2019. Bengaluru and Pune office markets to grow the most during the second half of 2022 at 11% and 7% respectively.
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