Tata Consultancy Services (TCS) has signed a major lease deal for 1.4 million sq ft of office space at 360 Business Park in Bengaluru’s Electronic City, marking one of the biggest commercial real estate transactions of the year. The IT major has taken space in two under-construction towers on a 15-year lease, with a monthly rent of ₹9.31 crore and a ₹112 crore security deposit. With a 12% rent escalation every three years, the total lease value over the term is expected to exceed ₹2,000 crore, according to data from Propstack.
This lease signifies TCS’s growing office space requirements as employees return to physical offices. The company has been expanding its real estate footprint across cities like Chennai, Kolkata, Hyderabad, and Visakhapatnam. The new lease in Electronic City is part of a relocation plan from its existing facility in the area.
Despite plans to cut 2% of its workforce (around 12,000 jobs), TCS continues to invest in office space. Experts believe this deal reflects strong confidence in India’s commercial real estate market, supporting infrastructure growth and job creation across sectors like construction, facility management, and services.
