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Will Cognizant’s decision to reduce office space hurt the real estate market? 

According to a real estate industry expert, Cognizant giving up 11 million square feet of commercial office space in large cities may not have a huge impact on the commercial market in India. This portfolio is spread across markets such as Bengaluru, Hyderabad, Pune, Kolkata, and Chennai. This means that not more than 3 to 3.5 mn sq ft is likely to be released into the market in a year across three years.

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​ According to a real estate industry expert, Cognizant giving up 11 million square feet of commercial office space in large cities may not have a huge impact on the commercial market in India. This portfolio is spread across markets such as Bengaluru, Hyderabad, Pune, Kolkata, and Chennai. This means that not more than 3 to 3.5 mn sq ft is likely to be released into the market in a year across three years. According to a real estate industry expert, Cognizant giving up 11 million square feet of commercial office space in large cities may not have a huge impact on the commercial market in India. This portfolio is spread across markets such as Bengaluru, Hyderabad, Pune, Kolkata, and Chennai. This means that not more than 3 to 3.5 mn sq ft is likely to be released into the market in a year across three years.  Moneycontrol Latest News Read More  

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