Tata Consultancy Services (TCS), India’s largest IT services firm, has inked one of the biggest commercial real estate deals in Bengaluru’s history, committing ₹2,130 crore over 15 years to lease 1.4 million sq ft of office space at 360 Business Park in Electronic City.
The lease spans Towers 5A and 5B, with 6.8 lakh sq ft in Tower 5A and 7.2 lakh sq ft in Tower 5B, owned by Labzone Electronics City Pvt Ltd.
Deal Highlights
- Total Lease Value: ₹2,130 crore over 15 years
- Monthly Rent: ₹9.31 crore at ₹66.5 per sq ft
- Security Deposit: ₹112 crore
- Escalation Clause: 12% rent hike every 3 years
- Lease Phases:
- Phase 1 (Ground to 7th floor): Begins April 1, 2026
- Phase 2 (8th to 13th floor): Begins August 1, 2026
Strategic Expansion
This move is part of TCS’s broader ₹4,500 crore infrastructure push across India, aimed at scaling operations and enhancing its footprint in Tier-I and Tier-II cities. In Bengaluru alone, TCS has acquired additional office space from Sattva and TRIL, expected to accommodate over 25,000 employees.
Bengaluru’s Booming IT Corridor
The deal reinforces Electronic City’s status as a magnet for global tech giants. Recent mega-leases by Amazon, Google, JP Morgan, and Qualcomm signal strong confidence in India’s commercial real estate and long-term workforce growth.
