Ola Technologies to rent 4.25 lakh sq-ft office space in Bengaluru
Is also looking to expand its operations across the city
Ola Technologies is leasing 4.25 lakh sq-ft of office space in Bengaluru, Karnataka to costs by consolidating its various offices. The company is also looking to expand its operations across the city.
The new facility can accommodate over 4,000-5,000 employees and will come up in Prestige Startech in Koramangala, Bengaluru.
The total tenure of the deal will be around 15 years with a rental escalation of 15 percent every three years.
The company currently operates out of six-seven offices spread around 2.5 lakh sq ft in Bengaluru and will now move into one property as it looks to save cost.
The centre will be used for Ola’s existing business including financial service and also to expand the electric mobility business for the firm.