TCS Leases 1.4 Million Sq Ft of Office Space in Bengaluru for ₹2,130 Crore

Tata Consultancy Services (TCS) has signed a lease worth around ₹2,130 crore for 1.4 million sq ft of office space at 360 Business Park in Bengaluru’s Electronic City, as per real estate data analytics platform Propstack. The deal, involving Towers 5A and 5B, is one of the largest in the city in recent years.

The lease covers Towers 5A and 5B of the project. Tower 5A accounts for 6.8 lakh sq ft and Tower 5B covers 7.2 lakh sq ft. The property is owned by Labzone Electronics City Pvt Ltd. The project itself includes three basements, a ground floor and 13 upper floors.

Lease Terms and Conditions

The agreement is split into 2 phases. The first phase, covering the ground to the 7th floor, will begin on April 1, 2026. The second phase, spanning floors 8 to 13, will start on August 1, 2026. The lease runs for 15 years.

TCS will pay a monthly rent of ₹9.31 crore, at a rate of ₹66.5 per sq ft. A security deposit of ₹112 crore has been placed. The contract includes a 12% escalation every 3 years. Over the full tenure, the outlay is estimated at ₹2,130 crore, as per the TOI report.

TCS’s Wider Expansion

As per news reports, the Bengaluru deal is part of a larger expansion plan. TCS has set aside more than ₹4,500 crore for campuses and office spaces across the country. In the same city, it has acquired 1.4-1.6 million sq ft from Sattva-Darshita Southern India Happy Homes and 3.2 million sq ft from TRIL, expected to create about 25,000 seats once operational.

Read more: TCS to Give Salary Hikes to 80% of Employees Starting September 1!

Tata Consultancy Services Share Price Performance 

As of 09:23 AM on August 28, 2025, Tata Consultancy Services share price was trading at ₹3127, a 0.96% decrease from the previous closing price.

Conclusion

With this deal, TCS has secured 1.4 million sq ft in Bengaluru’s Electronic City. The lease forms part of its larger plan to add capacity across India.

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