TCS inks 1.4 million sq ft office lease deal in Bengaluru business park
Bengaluru: Tata Consultancy Services (TCS) has leased 1.4 million sq ft at 360 Business Park in suburban Bengaluru’s Electronic City, in one of the largest office lease transactions this year.
The information technology (IT) giant has taken space in two under-construction office towers on a 15-year lease. TCS will pay a ₹112 crore deposit and a monthly rent of ₹9.31 crore. With a 12% rental escalation every three years, the company will pay over ₹2,000 crore in rent over the entire tenure, as per real estate data analytics platform Propstack.
