Optum leases office space in Chennai's Embassy Splendid Tech Zone for GCC
, India arm of US healthcare giant
UnitedHealth Group
, has leased a 500,000-square-feet office space in Chennai, in one of the largest deals in South India's commercial office market this year.
The facility in the Embassy Splendid Tech Zone, will serve as Optum's newest
Global Capability Centre
(GCC), bolstering its existing footprint across Noida and Bengaluru, where the company occupies around 750,000 sq ft.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Public Policy
Data Analytics
Degree
Cybersecurity
Leadership
Product Management
PGDM
Data Science
MBA
Operations Management
Data Science
healthcare
Management
Project Management
Artificial Intelligence
Design Thinking
CXO
Finance
MCA
Others
Digital Marketing
Technology
others
Healthcare
Skills you'll gain:
Economics for Public Policy Making
Quantitative Techniques
Public & Project Finance
Law, Health & Urban Development Policy
Duration:
12 Months
IIM Kozhikode
Professional Certificate Programme in Public Policy Management
Starts on
Mar 3, 2024
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Calcutta
Executive Programme in Public Policy and Management
Starts on
undefined
Get Details
The transaction, inked at rentals around Rs 70–75 per sq ft, reaffirms India's strategic appeal as an innovation hub.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Mix 3 Kitchen Ingredients, Wake Up Thinner Every Morning
Get Fit Today
Click Here
Undo
'The expansion is expected to significantly enhance the company's global delivery network, while tapping into Chennai's deep technology talent pool,' a person aware of the deal said. 'The
property
is currently under construction and will go live by Q3 of 2025.'
Located in Chennai's Thoraipakkam-Pallavaram Radial Road corridor, Embassy Splendid Tech Zone, an integrated
business
park spread across five million sq ft, hosts clients like Accenture, BNY Mellon and Wells Fargo.
Live Events
The property has 1.4 million sq ft of development campus with the remaining to be built over the coming quarters.
Embassy Reit and Optum did not reply to emailed queries until press time Monday.
Chennai's office leasing market is witnessing a robust momentum, driven by GCCs. The city recorded over 2.9 million sq ft of gross absorption in the first half of 2025, a 15% jump year-on-year, according to industry data.
Nationally, the first half of 2025 is on track to cross 80 million sq ft in gross leasing, driven by strong pre-commitments and strategic consolidations.
GCCs alone account for about 50% of total active demand, reinforcing their role as anchor occupiers in India's Grade A commercial real estate market.
India has become a strategic innovation hub for UnitedHealth Group, with delivery centres in Gurgaon, Noida, Hyderabad, Bengaluru, and Chennai.
According to experts, India continues to cement its status as the GCC capital of the world, now home to over 1,700 active centres, comprising 53% of the global GCC footprint. With GCCs now occupying over one-third of India's total Grade A office stock, they have overtaken all other occupier groups in scale and impact,
As the focus shifts from cost arbitrage to value creation, sectors such as healthcare, life sciences, and AI-driven technology are leading fresh leasing activity. Markets like Hyderabad and Chennai are emerging as hubs, offering strong
supply
pipelines, competitive rentals, and quality talent.
Analysts forecast India's GCC employee base will cross 2.8 million by 2030, further leading to an increasing demand for large, scalable campuses.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
35 minutes ago
- Time of India
‘Irregularities in construction of LNJP block, file sent to LG'
New Delhi: A day after the closure of a corruption case against former minister Satyendar Jain, Delhi govt on Tuesday alleged irregularities in the construction of a block at LNJP Hospital during the tenure of the previous AAP dispensation. Tired of too many ads? go ad free now PWD minister Parvesh Verma said the govt had sent the file to lieutenant governor VK Saxena for a probe. "The budget sanctioned for the construction increased by Rs 650 crore. (Former) PWD minister Satyendar Jain got changes done. He would go on inspection and suggest changes, which led to cost escalation. There was a scam of Rs 650 crore," Verma alleged. LG will forward the file to either ACB or CBI, he added. AAP responded by claiming that every day, BJP hatched conspiracies against AAP functionaries and squandered taxpayers' money on these directionless investigations. "Just a day ago, the court taught them a lesson by closing one of the CBI cases against Satyendar Jain. The court clearly stated that CBI had registered a baseless case with no corruption, no criminality and no evidence," it said. Saxena set up a committee last year to examine the "procedural lapses" in the LNJP project and it was found that the original contract amount was Rs 465 crore, which escalated by almost 243% to Rs 1,139 crore. The committee highlighted alleged irregularities and violations in the consultancy work under Jain, the then health minister. It suggested that a favoured architect consultant was appointed without a proper tender, violating procurement and general financial rules, sources said. Although six consultants were empanelled, it was noted that financial bids must be called separately for each project. This requirement was ignored and an arbitrary decision was taken to appoint consultants district-wise or region-wise, they said, claiming that this effectively meant that a single consultant was allowed to handle all projects.
Time of India
35 minutes ago
- Time of India
Gemini Daily Horoscope Today, August 6, 2025: Let passion lead you through today
Today your inner fire is strong, and it will help you overcome any challenge if you stay focused. You may feel pulled in different directions, but your energy will guide you toward the right path. Do not waste time on doubts. Let your natural excitement lead the way, especially in areas where you truly care. You have the strength to finish what you start. Let your passion fuel each action. What you do today with heart will build a better tomorrow. Gemini Love Horoscope Today In love, feelings may feel more intense today, and that is not a bad thing. If you are in a relationship, use this passion to deepen your bond. Plan something thoughtful or speak from the heart. If single, do not hide your energy. Someone may be drawn to your confidence and spark. But make sure your actions are clear and your intentions honest. True love responds to sincerity, not pressure. Let your warmth create comfort, not confusion. Show your heart bravely. Gemini Career Horoscope Today Career matters today need your energy and drive. A task may feel too big at first, but if you break it into steps and stay focused, you will succeed. Avoid distractions or gossip. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bo Derek's Probably The Most Gorgeous 68-Year-Old. Paperela Undo Let your work show your strength. A new idea may come today, something bold and fresh. Do not let fear stop you. If you lead with passion, others will follow. You have the power to turn a small effort into something meaningful. Just start, and keep going. Gemini Money Horoscope Today Money matters may need you to think before acting. Your enthusiasm can lead to sudden spending, so pause and ask yourself what is necessary. If you are considering an investment or purchase, check all details first. Your energy can be used to plan future savings or to find new income ideas. Let your financial decisions reflect your long-term dreams. Money comes and goes, but your wise action today can build security. Be both brave and smart in your spending. Gemini Health Horoscope Today Health is strong today if you use your energy wisely. Do not push your body too hard, but keep it active. If you sit for too long, restlessness may grow. Go for a walk, stretch, or dance. Let your movement express your joy. Avoid overthinking, as your mind may run too fast. Breathe deeply and stay grounded. Your body needs food that supports your strength, like fruits, nuts, and warm meals. Passion is a gift, but it must be balanced with calm. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
Deccan Herald
41 minutes ago
- Deccan Herald
Bengaluru: Aster DM Healthcare to invest Rs 580 crore on 500-bed hospital in Yeshwanthpur
Bengaluru: Healthcare provider Aster DM Healthcare on Tuesday announced a Rs 580-crore investment to develop a 500-bed multi-specialty hospital in Yeshwanthpur. This new facility will be Aster's fifth hospital in Bengaluru, bringing its total bed capacity in the city to 2,580 new hospital is expected to be operational in the second half of FY Azad Moopen, founder and chairman, Aster DM Healthcare, said, 'The Yeshwanthpur hospital marks a significant milestone in Aster DM Healthcare's India growth strategy, especially in a vibrant and rapidly evolving healthcare market like Bengaluru. With this addition, we are expanding our capacity in the city to 2,580 beds—making it one of the largest private hospital networks in a single Indian metro.'.'Equip maxillofacial surgeons in govt hospitals'. 'Over the next few years, we aim to significantly increase our presence across South India by entering new cities and strengthening our footprint in existing ones,' he added.. Yeshwanthpur caters to a catchment of nearly 3–4 million people, with growing demand for advanced tertiary healthcare services.
