Qualcomm Leases 2.56 Lakh Sq Ft Bengaluru Office Space

Qualcomm India has expanded its operational base in the country by signing a major lease for premium office space at Constellation Business Park: Virgo, developed by Bagmane Developers Pvt Ltd. The transaction highlights sustained demand for Grade A commercial real estate in Bengaluru, particularly from multinational technology firms.

Key Development - ₹184 Crore Lease Strengthens Bengaluru Presence

The lease encompasses the 5th, 6th, 7th and 11th floors of the building located in Mahadevapura, Bengaluru. According to registration documents, the agreement spans 5 years starting August 1, 2026, with a monthly rent of ₹113 per sq ft, totalling around ₹2.89 crore per month. 

A security deposit of ₹5 crore has been paid, with rent scheduled to escalate by 15% every three years. The space is intended for Qualcomm’s R&D and engineering divisions, aligning with its broader India strategy.

Statements & Insights: Reinforcing India’s Tech Hub Status

The deal underscores Qualcomm’s confidence in India’s deep technology talent pool and Bengaluru’s position as a preferred base for global innovation centres. Industry experts note that large-scale leasing activity by multinational firms continues to buoy the commercial real-estate market, particularly in the Outer Ring Road corridor, which houses several top technology parks. 

This leasing move also reflects broader post-pandemic trends, with technology companies recommitting to physical offices while integrating hybrid work models.

Read More: TCS Collaborates with Qualcomm to Build AI-Driven Smart and Sustainable Industrial Solutions!

Conclusion

Qualcomm’s ₹184 crore lease reinforces Bengaluru’s dominance as India’s top technology hub, reflecting growing interest from global enterprises in long-term office commitments. The move further strengthens the city’s position as a cornerstone of India’s innovation and R&D ecosystem.

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