BENGALURU: US technology group Hewlett Packard has taken 450,000 sq ft of office space on lease in Bengaluru, buttressing reports of a healthy growth in the office space leasing segment in the country. The new facility will be used by HP to house around 1,600 employee, people in the know said. It is also setting up a seven-acre campus in Hyderabad, its biggest centre outside the US.According to real estate services firm Cushman & Wakefield, demand for office space in India grew 19% in the first quarter of 2016 from a year ago to 11.7 million sq ft across the top eight markets. The company has about 30,000 employees in India. HP has signed the whole building and is expected to use it for its businesses like research and development and business process outsourcing," said Nesara B S executive director at Concorde Group, a real estate developer.The office space in Marathi Concorde Business Park is opposite technology giant Infosys' campus in Electronic City .

Source: Economic Times July 21, 2016 20:32 UTC