TCS signs 15-year, 1.4 million sq ft office lease deal in Bengaluru’s Electronic City

In one of the year’s largest office leasing transactions, Tata Consultancy Services (TCS) has signed a lease for 1.4 million sq ft at 360 Business Park in Bengaluru’s Electronic City.

TCS has signed a 15-year lease for space across two under-construction office towers, committing a deposit of ₹112 crore and a monthly rent of ₹9.31 crore. With a 12% escalation every three years, the total rental outflow is expected to exceed ₹2,000 crore over the lease period, according to data from real estate analytics firm Propstack.

According to a report in ET, the office space is spread across Towers 5A and 5B in the city’s southern IT corridor of Electronic City at 360 Business Park. The lease covers 6.8 lakh sq ft in Tower 5A and 7.2 lakh sq ft in Tower 5B, with a consolidated monthly rent of ₹9.31 crore at a rate of ₹66.5 per sq ft. The documents showed that TCS has also provided a security deposit of ₹112 crore.

Another news report says that the lease will commence in two phases. Phase 1, comprising ground plus seven floors, is scheduled to start from April 1, 2026, while Phase 2, covering the 8th to 13th floors, will commence from August 1, 2026. Together, the two towers will add more than 1.4 million sq ft of Grade-A workspace for the IT services giant.

This deal is one of the largest office leases in Bengaluru in recent years, reflecting strong renewed confidence among IT occupiers despite mixed demand and hybrid work trends.

As per a report in Times of India, Amazon has leased over 1.1 million square feet from the Sattva Group in Bengaluru, while Google India has secured 1.6 million square feet at Bagmane Rio Park in the same city. Additionally, Google has renewed its lease for 370,000 square feet at Sattva Knowledge Capital in Hyderabad.