Friday 27 July 2018

Paytm Buys 10-Acre Plot To Build New Office Campus Along Noida Expressway

Paytm's will shift its headquarters to its new office in Sector 137 along Noida Expressway in Uttar Pradesh
The office will support Paytm's aggressive growth and plans to recruit 10,000 employees annually
Property consultants peg the deal size at INR 120-150 Cr
One97 Communications, which owns Indian e-commerce payment system and digital wallet company Paytm, is building its new, dedicated office campus in Sector 137 along Noida Expressway in Uttar Pradesh. Paytm’s new office campus will be spread across 10 acres.
Upon completion, this new office will serve as Paytm’s headquarters and will become the axis of its increased scale of operations.
“While adding a new chapter to the expansion of Paytm, this office campus will serve as the hub for the company to grow its operations while creating thousands of new jobs,” the company said in a media statement.
The new office campus is expected to offer world-class facilities and equipment and to accommodate more than 15,000 employees. It will be a green campus incorporating eco-friendly architecture.
Property consultants peg the deal size at INR 120-150 Cr, based on the current market price of INR 12-15 Cr per acre in Sector 137, which lies just off the Noida Expressway. Reports further said that One97 Communications purchased the land directly from the Noida Authority, the nodal body for managing Noida’s infrastructure.

Paytm Multiplying Its Growth

Launched in 2010 by Vijay Shekhar Sharma, Paytm currently has 20K employees.Of these, 760 work out of Paytm’s present 48,000 sq ft head office in Noida, and the remaining work from its other offices in Delhi-NCR, Mumbai, Bengaluru, Chennai, and Kolkata.

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