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6h ago

TCS Signs 1.4 Million Sq Ft, ₹2,130-Crore, 15-Year Lease at Bengaluru’s 360 Business Park

The long-term pact underscores revived demand for large contiguous space in Bengaluru’s southern tech corridor.

TCS has signed one of Bengaluru’s largest office leases, taking 1.4 mn sq ft for ₹2,130 cr over 15 years, documents from Propstack show. (Representational photo)
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TCS ISTOCK

Overview

  • TCS will occupy Towers 5A and 5B at 360 Business Park in Electronic City under a lease with Labzone Electronics City Pvt Ltd.
  • The agreement starts in two phases, with ground to seventh floors commencing April 1, 2026, and floors eight to thirteen from August 1, 2026.
  • Monthly rent is set at ₹9.31 crore at ₹66.5 per sq ft, with a ₹112 crore security deposit and a 12% escalation every three years.
  • Propstack-sourced lease documents place the total 15-year outlay at roughly ₹2,130 crore, and media have sought comments from TCS and the developer.
  • The transaction ranks among Bengaluru’s largest recent office deals, aligning with H1 2025 data showing a 189% year-on-year surge in third-party IT services leasing.