Top realty player Salarpuria Sattva has made history recently by signing a historic 10-year lease deal with J.P. Morgan for premium office space at the upcoming Knowledge City project in Hyderabad. The deal is considered to be the single largest real estate transaction in Hyderabad till date.
Under the deal, the global banking and financial services provider, JP Morgan will set up their office at an 830,000 square feet area across 16 floors within one building on the Knowledge City campus.
The upcoming Knowledge City campus in Hyderabad is an IGBC certified platinum-rated green building that sets standards in terms of sustainability and minimalizing environmental impact. Apart from these strong features, the building is offering best-in-class infrastructure and work facilities to their employee which includes new-generation amenities such as a fitness center, crèche, underground car parking facilities, food and beverage outlets and an amphitheater.
Speaking on the occasion, Mahesh Khaitan, Director, Salarpuria Sattva Group, said, “We are delighted to sign this deal with J.P. Morgan. This transaction reaffirms our reputation as a trusted partner for progressive organizations. With our deep expertise in developing and managing a corporate real estate, we look forward to building relationships with more such organizations and reshaping Hyderabad’s skyline.”
Kalpana Morparia, CEO, South and Southeast Asia, J.P. Morgan, said: “Hyderabad is an important hub for J.P. Morgan and we are excited to be part of this new development. Moving to Knowledge City enables us to consolidate our presence to one location and bring all our employees together. It also further demonstrates our commitment to having best-in-class infrastructure in order to continue to meet our clients’ needs while ensuring we provide exceptional facilities for our employees.”
Currently, the campus is home to many leading IT and financial companies like Novartis Healthcare, Microsoft India, State Street Corporation, Synchrony Financial, Xilinx, and EPAM.