New Delhi: In the largest office leasing deal, homegrown e-commerce giant Flipkart on 20 october agreed to take 3 million sq ft of prime office space in Bangalore from realty firm Embassy group at an annual rent of IRs 3 billion. The lease contract is part of Flipkart's expansion plans as it will hire 12,000 people this year to beef up support and technology operations. The Bangalore based firm has chalked out an ambitious expansion plan as it aims to take on rivals like Sanpdeal and Amazon to grab a lion's share of estimated over $3 billion e-commerce market in India. "Flipkart has signed an irrevocable letter of intent with Embassy Group for leasing 3 million sq ft office space. The final agreement will be signed within 90 days" property consultant JLL India Country Head and Chairman Anuj Puri said. (PTI)
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