IBM India Private Ltd has finalised a significant real estate deal, securing 8.3 lakh square feet of office space within the prestigious Embassy GolfLinks Business Park in Bengaluru. The lease agreement, set to commence in January 2025, extends over a decade and reflects a starting monthly rent of ₹140 per square foot. The lease agreement, as per property registration documents from the real estate data analytics platform Propstack, includes a six-month rent-free period at the outset, offering IBM a strategic advantage in cost management. Additionally, the deal mandates a security deposit equivalent to six months’ rent, underscoring the scale and commitment of the transaction.
The leased office space is distributed across multiple floors in Blocks A, C, and D of the Embassy GolfLinks Business Park, encompassing the buildings named Cypress Point, Pacific Dunes, and Peach Tree. These locations in Domlur are renowned for their premium office facilities and prime business environment. This substantial lease agreement signals IBM’s continued commitment to expanding its presence in India, particularly in Bengaluru, which has emerged as a key technology and business hub. The strategic location and scale of the new office space are expected to support IBM’s growing operational needs and enhance its regional capabilities.
The transaction highlights the ongoing trend of major global corporations investing in significant office space in key Indian cities, driven by the burgeoning demand for tech and business services. As Bengaluru continues to attract international businesses, such high-profile deals are indicative of the city’s robust commercial real estate market and its vital role in the global business landscape. The lease also reflects a broader shift in corporate real estate strategies, with companies increasingly opting for long-term commitments in prime locations to support their expanding operations and organisational needs.
