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Hyderabad News.Infosys to Expand Pocharam Campus to add 20,000 more employees


(Excl Ventures News.)While the State Govt was attempting to take back excess undeveloped land from Infosys, it has announced investment of Rs 2,500 crore in for expanding its facility in Pocharam, with a potential of employing nearly 20000 IT professionals.

It proposes to construct more software development blocks, food courts, an auditorium, a common amenities building and a multilevel car parking in 329.84 acres.
The area is part of the 447-acre land parcel that Infosys had bought in 2008 from the erstwhile Andhra Pradesh Industrial Infrastructure Corporation. The Pocharam campus in Ghatkesar mandal of Medchal- Malkajgiri district is spread across 117.23 acres. With the expansion, the total built-up area of Infosys in Hyderabad will increase by 3.84 lakh sqm to 7.74 lakh sqm. Currently, Infosys has six highrises in its Pocharam facility dedicated to software development.

The firm plans to build four more software development blocks, with the highest tower rising up to 15 floors. The work will be divided into two phases, for which the company has sought environmental clearance.

Once it receives the green nod, it aims at completing phase-1 in three years, after which it will take up phase-2 at a later date based on market demand.
Comment :
The move by Infosys will make the apartment rates in Pocharam go up further, over the next couple of years. Better to invest early, at current rates.

Keyword Tags Hyderabad News,Pocharam Campus, Infosys Hyderabad

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