1.8 Million Sq ft space leased by Qualcomm
American multinational corporation Qualcomm has leased over 1.8 million sq ft spread over an entire 20-story commercial tower in realty developer K Raheja Corp’s information technology park in Hyderabad. This will be Qualcomm’s largest office set up anywhere outside of the US.
The firm will be paying over Rs 3,054 crore as rentals over a total term of 15 years, including the escalations of 15 percent every three years, as per the terms of the agreement.
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