Telangana News

Hyderabad is going to have yet another big office, after Google, Amazon and Apple.

‘Factset’, American financial data and analytics firm is going to set up its largest office at Divyasree Orion Special Economic Zone in Gachibowli in Hyderabad. Regarding this, it has even sealed a deal of Rs. 8.6 lakh square-feet office in Hyderabad, earmarking Rs 800 crore for lease rentals over 15 years. This new office is going to provide employment to 7000 employees, the inner sources say. 

Telangana's IT secretary Jayesh Ranjan on the other side has confirmed that, “Factset had been in talks with us for the past seven-eight months for new investments in the city.” 

While any of the people concerned to the company refused to provide the details, on the condition of anonymity, a source said, “The move by Factset to acquire its largest global office space in Hyderabad comes months after Apple, Amazon and Google choosing Hyderabad for their global development centres attracted by a strong talent pool and low real estate costs, coupled with political stability.”