Tata Consultancy Providers (TCS) has signed a lease for 1.4 million sq ft of workplace house at 360 Enterprise Park in Bengaluru’s Digital Metropolis, in one of many metropolis’s largest workplace offers lately, The Instances of India reported, citing lease paperwork accessed by way of Propstack.
The lease covers Towers 5A and 5B, spanning 6.8 lakh sq ft and seven.2 lakh sq ft respectively. The owner is Labzone Electronics Metropolis Pvt Ltd.
Structured in two phases, the settlement begins April 1, 2026, with floor plus seven flooring, adopted by flooring eight to 13 from August 1, 2026. The tenure is 15 years.
TCS can pay month-to-month hire of ₹9.31 crore at ₹66.5 per sq ft, backed by a ₹112 crore safety deposit. With a 12% escalation each three years, the full lease outlay is pegged at ₹2,130 crore, in keeping with the report.
The deal underscores TCS’s growth in Bengaluru’s southern IT hall, the place demand for big contiguous workplace house stays sturdy. It comes amid a broader ₹4,500-crore push by the Mumbai-headquartered IT providers main to scale campuses and infrastructure nationwide.
In Bengaluru alone, TCS is alleged to have just lately acquired 1.4–1.6 million sq ft from Sattva for ₹2,250 crore and one other 3.2 million sq ft from TRIL for ₹1,625 crore, including capability for 25,000 seats.
Past Bengaluru, the corporate has been securing house in tier-2 and tier-3 cities. It leased further places of work in Coimbatore and Hyderabad, took 21.6 acres in Visakhapatnam on a 99-year lease, and bought 37 acres in Kochi’s Kinfra Electronics Manufacturing Cluster for ₹690 crore. In Kolkata, tasks spanning 30 acres at Sanchita Park and Bengal Silicon Valley Hub are anticipated to ship 16,500 seats over the following three years.
The transfer comes amid a surge in large-scale workplace offers by world know-how and monetary providers corporations. Amazon, Google, JP Morgan, Morgan Stanley, and Qualcomm have every signed leases exceeding 1 million sq ft throughout India’s main metros, reflecting confidence in India’s business actual property and long-term workforce progress.
