Hindustan Times ·
Economy, business and finance
Genpact inks long-term office lease at ASF Insignia, Gurugram, worth over <span class='webrupee'>₹</span>400 crore
Genpact inks long-term office lease at ASF Insignia, Gurugram, worth over ₹400 crore
Gurugram real estate deal: Genpact has leased 4 lakh sq ft of office space in an exclusive tower from ASF Group and is expected to take possession next year
Genpact has leased nearly 4 lakh sq ft of office space from ASF Group, a developer of build-to-suit IT infrastructure and commercial buildings, at ASF Insignia in Gurugram, the real estate company said on September 16.
The long-term deal is valued at around ₹420 crore to ₹450 crore, sources told Hindustan Times Real Estate.
The information technology giant is expected to take possession and commence operations in Q2 2027. The facility is expected to accommodate approximately 5,000–8,000 employees or seats and support 24×7 operations, ASF Group said.
The transaction will see Genpact occupy an exclusive tower at Kings Canyon, one of the marquee buildings within ASF Insignia, the real estate firm said in a statement.
The transaction marks one of the largest office leasing transactions in the NCR by scale and lease commitment, further reinforcing the region's position as a preferred destination for large enterprises and global capability-driven operations, it said.
“The transaction highlights the growing demand from large enterprises for Grade A, scalable and integrated office environments that combine workplace quality with operational efficiency. ASF Insignia's campus infrastructure, scalability and location, and its employee-centric amenities position it to meet the requirements of organisations operating at significant scale,” said Aanchal Saraf Aggarwal, director, ASF Group.
Spread across approximately 50 acres, ASF Insignia is an integrated commercial IT office campus offering approximately 4.5 million sq. ft. of premium office space across its marquee buildings, Kings Canyon, Grand Canyon and the upcoming Black Canyon. It is home to technology companies, global capability centres and large enterprises.