Cognizant to invest $ 500 mn in real estate in next four years
CHENNAI: IT major Cognizant today announced its intention to pump in more than $500 million in the next four years in real estate develpment as part of its expansion programme.
The company will invest the amount through the end of 2014 to expand its owned campus footprint with the addition of over 8 million square feet, which will have the capacity to house more than 55,000 employees, a statement said today.
“This current real estate expansion program is part of our ongoing strategy of investing in our people, processes, systems, and infrastructure to support our long-term growth,” said Gordon Coburn, Chief Financial and Operating Officer of Cognizant.
Mumbai Commercial Market Showing Signs of Recovery
The commercial real estate market in Mumbai is finally bouncing back after a prolonged recession-induced slump. According to a recent report by property consultants Knight Frank, the commercial market in Mumbai is showing signs of revival and enquiries are on the rise. The first three quarters of financial year 2010-11 witnessed more transaction of office space at 6.83 million sq ft than the entire last fiscal, which saw only 6.68 million sq ft uptake of commercial realty space.
Ramakrishnan.S, better known as Ramky, is CEO of MARG Properties, the real estate vertical of MARG Group. He is a chartered accountant by profession and has worked in organizations like SB Billimoria, Eicher , Shriram , Lumax, Bharti Airtel and IBM. He has over two decades of experience in creating and recreating systems having carried out roles in, Finance, Strategic planning, Operations & Customer service.
Ramky is also an author and his new book is all set for launch today. More details at his newly launched personal website
Country’s leading newspapers, The Hindu, Times of India and others were all praise about Marg brindavan sponsored Naada Vaibhavam held this sunday. With over 5700 artists on stage, it was one of the mega events city has seen and was highly successful.
Below is an extract from THE HINDU’s report…
On a pleasant Sunday evening, several thousand people were witness to a heavy downpour of divine rhythm and mellifluous music. ‘Naadha Vaibhavam’ presented by The Art of Living and MARG Brindavan lived upto its name.
It was announced that a total of 5,700 artists were on stage.
It included 347 instrumentalists playing the mridangam, violin, ghatam, flute and veena. Among those on stage, nearly 3,000 were from Chennai and the rest from other parts of Tamil Nadu and also from Puducherry, Andhra Pradesh, Karnataka, Kerala and even Maharashtra, according to volunteers.
The evening began with prayer songs ‘Vinayaka Vishwadhara’ and ‘Jaya Jaya Durge Ma’ that were sung by volunteers and also by the audience. Compositions by eminent musicians in Sanksrit, Telugu and Tamil were rendered on stage. Each of the songs was led by senior artists such as T.K. Govinda Rao, P.S. Narayanaswami, Suguna Varadachari, G.S. Mani, Suguna Purushothaman, Allepey Venkatesan, O.S. Thyagarajan and Trichur Ramachandran.
The thani aavardhanam by mridangists Tiruchi Sankaran and K.V. Prasad received tremendous applause.
