India, June 10 -- Tech giant Infosys Limited has leased 1.03 lakh sq ft office space in Gujarat's GIFT City for a monthly rent of Rs.57.26 lakh for 10 years, lease documents accessed by Propstack showed. Real estate experts say the deal is expected to boost the commercial real estate market in the area.

Infosys has leased office space in the PRAGYA-2 building, located in Gandhinagar, Gujarat. The development centre spans four contiguous floors (14 to 17) and is designed to accommodate up to 1,000 employees. Real estate experts say this move marks a significant expansion of the IT major's footprint in India's only operational International Financial Services Centre (IFSC).

According to the lease documents, the rental agreement commenced ...