BENGALURU — ARM Embedded Technologies Pvt Ltd, the India arm of UK‑based semiconductor and software design giant ARM Holdings, has signed a major new lease agreement spanning 400,000 sq ft of Grade‑A office space in the Taurus 4 (North Tower) block of Bagmane Constellation Business Park, located along the prime KR Puram–Marathahalli stretch.
Under the long‑term lease, which runs for 15 years, ARM is expected to pay ₹102 per sq ft monthly—totaling approximately ₹4.17 crore per month (around ₹50 crore annually). The deal structure features a 15% rent escalation every three years, bringing the total rental commitment close to ₹1,000 crore over the entire duration.
The lease encompasses multiple levels—including three basement parking levels, a ground floor, and 11 upper floors—providing a mix of current office capacity and room for future engineering expansion. ARM has also deposited ₹20.59 crore as security for the lease.
Bagmane Constellation is a premium IT SEZ that already hosts global tech giants like Amazon, Boeing, and PwC. Property analysts say that this new agreement reinforces global confidence in Bengaluru’s office market—and highlights India’s growing stature in semiconductor R&D.
“A 15‑year lease of over ₹1,000 crore in value reflects clear confidence in India’s innovation ecosystem and the long‑term stability of Bengaluru’s commercial office market,” a senior office leasing executive noted.
Market experts also point out that such high-value, extended-tenure deals signal robust demand for quality office space, particularly as supply in Bengaluru remains tight. Major global technology players—including semiconductor and embedded systems leaders—are increasingly committing long‑term operations to the city, leveraging India’s engineering talent pool and role in the global tech supply chain.
This landmark deal positions ARM alongside companies like Synopsys and Qualcomm, which have also made significant real estate investments in the region recently, reflecting a broader trend toward deepening tech operations in India’s Silicon Valley.
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