According to market sources, Cognizant plans to wind up the process and vacate the campus by December, 2024. Cognizant has mandated international property advisory JLL to sell the property. The advisory firm, according to sources, has been talking to many prospective buyers including local developers — Baashyaam Group and Casagrand. However, nothing has been finalised yet.
Once the old headquarter building is sold and vacated, Cognizant’s new India headquarters may function from the MEPZ campus near Tambaram on GST Road.
The move to sell the existing HQ building is seen as part of the company’s process to consolidate its operations in three of its own buildings at MEPZ, Sholinganallur and Siruseri. It has been giving up leased spaces across Chennai including prominent addresses at Ramanujan IT Park, DLF as well as St Mary’s Road offices in R A Puram.
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