TCS Signs ₹2,130 Cr Lease in Bengaluru’s Electronics City
1.4 Million Sq Ft at 360 Business Park Marks Major Expansion Move
Tata Consultancy Services (TCS) has signed a landmark lease deal valued at ₹2,130 crore for approximately 1.4 million sq ft of office space at 360 Business Park in Bengaluru’s Electronics City, marking one of the largest single-tenant commercial real estate transactions in India in recent years.
The lease spans 15 years, with TCS committing to a monthly rent of ₹9.31 crore. The leased premises will be spread across Towers 5A and 5B of the SEZ-certified 360 Business Park, developed by Labzone Electronics City Pvt. Ltd. The transaction includes a rent escalation of 12% every three years and a security deposit of ₹112 crore. The effective rental rate works out to ₹66.50 per sq ft per month.
The lease agreement will be executed in two phases. In Phase 1, starting April 1, 2026, TCS will occupy the ground to seventh floors of Tower 5A, totaling around 680,000 square feet. Phase 2, set to begin on August 1, 2026, will extend occupancy to floors 8 to 13 across Towers 5A and 5B, adding approximately 720,000 square feet.
The deal significantly boosts TCS’s footprint in Bengaluru, the city where it houses its largest workforce. It also reinforces the tech giant’s commitment to long-term infrastructure investment amid a rapidly growing demand for IT services. This lease is part of TCS’s broader real estate expansion strategy, under which it is investing over ₹4,500 crore across cities like Kolkata, Kochi, Hyderabad, Coimbatore, and Visakhapatnam.
The 360 Business Park offers a campus-style IT SEZ with modern amenities, multiple basements, and 13 floors above ground. With TCS as an anchor tenant, the park is expected to become a major employment and commercial hub in the region. This mega lease signals a continued rebound in India’s office leasing sector and solidifies Bengaluru’s status as the country’s premier tech real estate market.
Industry experts see the deal as a strong vote of confidence in Bengaluru’s commercial office market, particularly Electronics City, which continues to attract major occupiers despite limited new supply.