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Bosch leases office space in Hyderabad

Tuesday, 13 Sep 2022
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Bosch has leased around 2.5 lakh sq ft. office space in Hyderabad, Telangana to expand its operations in one of the largest office lease deals in the city. 
The new facility is at Sattva Group-owned office park-Knowledge city. The company will be paying a rental of around Rs 120 per sq ft or around Rs 30 crore annually. 
The lease term has a five-year lock-in period with a nine-year lease. The facility can seat around 3,000 employees and will go live by the end of 2022. 
It is also expanding its IoT activities in India by transforming its headquarters in Adugodi, Bengaluru, into a new smart campus called Spark.NXT.
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