Tata Consultancy Services (TCS) has entered into a significant lease agreement for 1.75 million square feet of office space at Sattva Knowledge Point in Yeshwanthpur, Bengaluru.
The lease, valued at about ₹975 crore over five years, underscores TCS’s commitment to expanding its presence in the city’s thriving IT sector.
Under the terms of the agreement, TCS will pay a monthly rent of ₹15.37 crore, translating to ₹87.73 per square foot. A security deposit of ₹25 crore has been made, and the lease includes a 14% rental escalation every three years, with an option to renew for an additional five-year term. The leased space spans across three floors in both Tower A and Tower B of the development.
This move is part of TCS’s broader strategy to strengthen its infrastructure in key technology hubs. Earlier this year, the company secured another substantial lease for 1.4 million square feet at 360 Business Park in Bengaluru’s Electronic City, valued at ₹2,130 crore over 15 years. These strategic expansions align with TCS’s long-term growth objectives and its role as a leading player in the global IT services industry.
The Sattva Knowledge Point development, owned by Darshita Southern India Happy Homes Pvt Ltd, is among Bengaluru’s premier commercial properties, offering state-of-the-art facilities to meet the evolving needs of IT companies. TCS’s latest lease agreement reflects the sustained demand for high-quality office spaces in Bengaluru, driven by the city’s status as a major IT and business hub.
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