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Tata Consultancy Services (TCS) has leased 1.4 million sq ft in Electronic City, Bengaluru, on a 15-year lease at 360 Business Park, developed by Labzone Electronics City Pvt Ltd. The INR 2,130 crore deal will be executed in two phases starting April 1, 2026, and August 1, 2026. Terms include monthly rent of INR 9.31 crore, 12% escalation every three years, and a security deposit of INR 112 crore. The space gives TCS a large, contiguous footprint as it consolidates operations and expands delivery capacity. The transaction is part of a INR 4,500 crore expansion across Kolkata, Kochi, and Hyderabad, amid strong office absorption led by GCCs and IT majors.
Tata Consultancy Services (TCS) has recently leased 1.4 million square feet of office space in Electronic City, Bengaluru. The 15-year lease, valued at approximately INR 2,130 crore, is for space within the 360 Business Park, a project being developed by Labzone Electronics City Pvt Ltd. Advertisement
The lease agreement is structured to be executed in two phases, with the first phase commencing on April 1, 2026, and the second on August 1, 2026. Under the terms of the deal, TCS will pay a monthly rent of INR 9.31 crore, with a 12% escalation every three years, and has provided a security deposit of INR 112 crore. The deal secures a significant and contiguous office footprint for the IT services giant, which is consolidating its operations and expanding its delivery base in the city.
This transaction is part of a broader, INR 4,500 crore expansion initiative by TCS to strengthen its physical presence across major Indian cities, including Kolkata, Kochi, and Hyderabad. The move comes as Bengaluru's commercial real estate market has seen a surge in leasing activity, with the city recording its highest-ever office absorption in the first half of 2025.
The demand is being driven by global capability centers (GCCs) and major IT companies, who are increasingly opting for large-scale, long-term leases, a trend that experts say reflects a renewed confidence in the country's economic and technological growth. The deal not only provides stability for the landlord but also reinforces Bengaluru's status as a premier hub for technology and corporate growth.
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