Tata Consultancy Services (TCS) has finalized a large commercial office lease in Bengaluru, marking one of the city’s biggest real estate deals in recent times. The IT major has leased 1.75 million sq ft of office space at Sattva Knowledge Point, Yeshwanthpur, for a total rental outlay of ₹975 crore spread over five years.
According to data from real estate analytics firm Propstack, the lease agreement has been signed with Darshita Southern India Happy Homes Pvt Ltd.
Under the agreement, TCS will pay a monthly rent of ₹15.37 crore, translating to ₹87.73 per sq ft. The company has also deposited ₹25 crore as security for the lease.
The leased space at Sattva Knowledge Point will significantly strengthen TCS’s presence in Bengaluru, a major hub for technology firms and multinational corporations. The commercial property, located in Yeshwanthpur, is considered a prime business district with excellent connectivity and modern infrastructure.
This deal reflects the continuing demand for Grade-A commercial office space in Bengaluru, despite evolving workplace models and hybrid work practices in the IT sector. Large-scale leasing by top corporates indicates long-term confidence in the city’s real estate market and its role as a strategic IT hub.
With this development, Bengaluru continues to remain at the forefront of commercial real estate activity in India, attracting both domestic and international companies seeking premium office spaces.
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