IBM India inks decade-long lease for 2.83 lakh sq ft Bengaluru office

IBM India has secured a major office space lease at Bagmane Solarium City in Bengaluru, marking a significant commitment to its operations in the country's leading technology centre. The company will occupy 2.83 lakh square feet across the 10-year tenure, according to lease documents.

The financial commitment underscores the scale of IBM's footprint in the city. The monthly rent has been fixed at ₹2.49 crore, with an initial security deposit of ₹14.96 crore. Beyond these recurring and upfront payments, IBM will bear additional expenditure for customizing the office space to suit its operational requirements.

Bengaluru continues to be a strategic hub for global technology companies, with major corporations maintaining substantial presence in the city's premium office parks. The Bagmane property, which houses multiple multinational and domestic firms, offers modern infrastructure and connectivity that appeals to large-scale operations.

The long-term nature of IBM's lease signals confidence in the stability and growth prospects of its Indian operations, which have expanded significantly over the years across software services, cloud infrastructure, and artificial intelligence capabilities serving global markets.