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.

Chennai's commercial real estate market is experiencing its strongest year ever, with office leasing reaching a 20-year high of 5.2 million square feet year-to-date, driven by multinational expansion and surging demand from technology and BFSI sectors.

Bengaluru has become India's largest and most important office market, surpassing all other cities. In June 2024, the city's office space exceeded 223 million sq ft, up from 100 million in 2013. It has the most office space in India. This brief report from Ghar.tv highlights critical points.