One of India’s Largest Office Lease Renewals Sealed in Bengaluru for ₹7.5 Cr Monthly Rent

In a major show of commitment to India’s tech ecosystem, a leading global technology company has renewed its lease for approximately 870,000 square feet of office space at a prominent business park in Bengaluru. The lease spans two towers in the city’s Bagmane Capital Business Park and is among the largest office space renewals signed so far in 2025.

Structured Deal with Escalations and High-Value Commitment

The new lease term, which commenced on November 25, 2024, is structured with a monthly rent of ₹7.5 crore. Of this, ₹3.9 crore accounts for roughly 450,000 sq. ft. in one tower, and ₹3.6 crore for 420,000 sq. ft. in the adjoining building. As part of the agreement, the tenant has also committed to periodic rent escalations—15% after the first year and another 15% after the third year. The security deposit paid exceeds ₹38 crore, as per documents accessed from a property data platform.

Confidence in Bengaluru’s Talent and Commercial Real Estate

A senior industry official familiar with the development suggested that the transaction is not merely about scale but signals a deep trust in Bengaluru’s commercial office market and its robust talent pool. The renewal highlights how large multinational firms continue to bank on Indian metros, especially Bengaluru, as anchors for their long-term growth strategies.

Part of a Larger Trend Among Global Tech Players

This leasing move aligns with a broader trend where several global corporations have either expanded or consolidated their operations in India’s Silicon Valley. The transaction is seen as a reflection of increasing interest in securing top-grade office space amid tightening supply in prime micro-markets like Outer Ring Road and Whitefield.

Demand Rising Amid Hybrid Work Revival

With hybrid work models evolving and return-to-office gaining momentum, large-scale lease renewals such as this are expected to boost the overall commercial real estate activity in the city. Experts believe that such moves also demonstrate a strong vote of confidence in India’s positioning as a key node in the global services and innovation chain.

Disclaimer: This report is based on publicly available information and industry insights. It is intended for general informational purposes and does not constitute legal or investment advice.