In Hyderabad Seven lakh sq. ft. office space leased by Salesforce

Over the last 18 months after doubling its India headcount to about 5,000. By February 1 Salesforce.com plans to add another 1,500, the start of its next fiscal year–for sales in India and also for global engineering and support services.

According to a person aware of the deal with Salesforce it was found that In Hyderabad, about 700,000 sq. ft. of office space on lease has been taken up by Software major Salesforce.com Inc.

The deal aims to make the city its biggest hub in India and one of its largest engineering and customer service centres globally.

In DivyaSree Orion, a technology park in Raidurgam locality of Hyderabad, the new Salesforce office will come up

“The lease has a lock-in period of 3 years and commands a rent of Rs 71 per sq. ft. The deal was registered earlier this month,” mentioned a document shared by Propstack.

Salesforce did not respond to an email query sent by ET.

Over the last 18 months After doubling its India headcount to about 5,000. By February 1 Salesforce.com plans to add another 1,500, the start of its next fiscal year–for sales in India and also for global engineering and support services.

For some of the sales forces, India is home to the best technology talent. And outside of the US India is the only country where the company has set up a centre of excellence.

Over the last year, Hyderabad’s real estate market has proven to be extremely resilient. From 2016 the city’s investment-grade office stock has doubled crossing over 90 million sq. ft at the end of Q3 2021.

Also, continuing the momentum, over the next three years the city is expected to add about 30-35 million sq. ft. of investment-grade business parks.