IBM India has leased 161,884 square feet of premium office space at Embassy Golflinks Business Park in Bengaluru for ₹2.4 crore monthly rent under a five-year agreement, marking one of the year's largest commercial real estate transactions and reinforcing sustained demand for large-format offices.

Amazon, Cognizant, IBM, Accenture, and McKinsey are renewing leases in India's office space market, which is booming. Bangalore led the list of cities where major firms renewed office space, with 1.6 million square feet renewed between January and July 2024.

IBM renewed its lease for 830,000 square feet of Embassy Golf Links Business Park office space in Bengaluru. The ₹143 crore yearly leasing contract is one of the biggest in the commercial office space category this year. According to insiders, this initiative would strengthen the US technology giant