Qualcomm India Secures 2.56 Lakh Sq Ft Office Space at Constellation Business Park in Bengaluru's Tech Corridor

In a significant commercial real estate transaction, Qualcomm India Private Limited has finalized a lease agreement for approximately 2.56 lakh square feet of premium office space at the Constellation Business Park, Virgo, in Bengaluru, marking another major milestone in the technology sector's expansion across India's leading innovation hub.

Real estate data platform Propstack confirmed that the lease document, which was registered in October 2025, revealed that the agreement was executed with Bagmane Developers and came into effect from October 1, 2025. The transaction encompasses strategically located office space across the 5th, 6th, 7th, and 11th floors of this prominent commercial development situated in one of Bengaluru's core technology corridors.

Financial Terms and Lease Structure

According to the registered lease documentation, the agreement outlines comprehensive financial commitments spanning a five-year tenure. The monthly rental rate has been fixed at ₹113 per square foot, translating to a total monthly outgo of ₹2.89 crore for the technology major. Over the complete lease period, the transaction value is estimated to reach approximately ₹184 crore.

The lease structure includes a security deposit of ₹5 crore, which was deposited at the commencement of the agreement. Notably, the arrangement provides for a rent-free period extending until July 31, 2026, with rental payments scheduled to commence from August 1, 2026. This extended rent-free period typically allows organizations sufficient time for interior customization and infrastructure setup before operational deployment.

The agreement also incorporates a rent escalation clause of 15 percent every three years, aligning with market standards for commercial real estate lease agreements in India.

Strategic Expansion in India's Technology Capital

This substantial leasing transaction reinforces Qualcomm's commitment to expanding its operational footprint in India, particularly in South India, which has emerged as a preferred destination for technology companies seeking access to world-class talent and modern infrastructure. Similar to how Apple has expanded its presence in Bengaluru, Qualcomm's move reflects the growing trend of global technology corporations consolidating their operations in the city.

The lengthy rent-free period suggests that Qualcomm is planning a phased operational rollout, likely involving comprehensive interior fit-outs tailored to the company's specific requirements. This approach allows the semiconductor and telecommunications equipment company to align its space occupancy with broader business expansion strategies and workforce planning.

Industry observers note that such large-format office space leases by multinational technology corporations continue to underscore why Bengaluru dominates India's office space market, with the city offering an unmatched combination of technical talent, established infrastructure, and a thriving innovation ecosystem.

Constellation Business Park: A Premium Commercial Address

The Constellation Business Park represents one of Bagmane Group's flagship commercial developments, designed to meet the evolving requirements of multinational corporations and established enterprises. The development offers high-specification workspaces incorporating contemporary design principles, sustainability features, and excellent connectivity to key business districts and residential neighborhoods.

The project's strategic location within Bengaluru's established technology corridor provides occupants with access to a mature ecosystem of supporting services, established transportation networks, and proximity to other major corporate campuses. This positioning has made properties like Constellation Business Park highly sought-after addresses for companies seeking to establish or expand their presence in the city.

The development's ability to attract marquee tenants like Qualcomm reinforces the ongoing demand for Grade A commercial real estate in Bengaluru's prime locations. Similar recent transactions, including IBM's lease renewal in Bengaluru, demonstrate the sustained confidence global technology companies have in the city's commercial real estate market.

Broader Market Implications

This transaction adds to the growing momentum in India's commercial real estate sector, particularly in the technology-driven leasing segment. The deal reflects the sustained appetite for quality office space among global technology corporations, despite evolving workplace dynamics and hybrid work models.

Real estate consultants observe that Bengaluru continues to lead India's office leasing markets, with technology, telecommunications, and semiconductor companies driving significant absorption of premium office space. The city's position as India's innovation capital, combined with supportive government policies and world-class infrastructure development, continues to attract substantial corporate real estate investments.

The extended rent-free period and structured escalation clauses in this transaction are becoming increasingly common in large-format office leases, as developers seek to attract and retain marquee tenants while providing them with flexibility to customize spaces according to their specific operational requirements. This trend mirrors developments across other major Indian metropolitan markets where flexible office space arrangements are gaining prominence.

As Qualcomm joins other technology giants in expanding their physical presence in Bengaluru, the transaction underscores the city's enduring appeal as a destination for technology innovation, research and development activities, and corporate operations in the Asia-Pacific region.

Disclaimer: The information presented in this news article has been gathered from local media reports and has not been independently verified by our team. Please consult official sources or contact relevant authorities for confirmed details regarding this development.