Mahindra Satyam is cutting costs aggressively and  has decided to give up on its unviable units in software technology parks across the country.

The company is learnt to have decided it is time to get out of unviable leased IT buildings in the country. Sources say the company has given up on close to 10 lakh square feet of IT space in Chennai and Hyderabad alone—both cities which housed Satyam’s biggest campuses.

“Infrastructure consolidation continues to be a key area of focus, wherein we have identified cost optimisation opportunities. We continue to take steps to rationalise our current capacity to keep it in line with current and anticipated needs,” Mahindra Satyam told CNBC-TV18.

Satyam was one of the largest occupiers of IT space in Chennai and Hyderabad. Analysts say this move will result in a sudden flood of available units.

In Chennai alone, 90 lakh square feet of IT property is already available. And, Mahindra Satyam’s move comes at a time when developers are desperately trying to find takers for the existing space. And with this extra space becoming available, developers will have to redouble efforts to find new takers.