Mega Lease Deal at Sattva Knowledge Point
Tata Consultancy Services has struck one of the largest office space deals in Bengaluru this year by leasing 1.75 million square feet at Sattva Knowledge Point in Yeshwanthpur. The lease, signed with Darshita Southern India Happy Homes, carries a rental commitment of about Rs 975 crore over a five year term. According to real estate analytics firm Propstack, this makes it one of the most significant occupier transactions in the city’s commercial real estate market.
Rental Terms and Occupancy
Under the agreement, TCS will pay a monthly rent of Rs 15.37 crore which translates to Rs 87.73 per square foot. The company has deposited Rs 25 crore as security. The lease also includes a 14 percent escalation in rent every three years and gives TCS the option to renew for an additional five year term. The IT services leader will occupy Tower A which consists of three basements, ground and 10 floors, and Tower B which consists of two basements, ground and 12 floors. The project received its occupancy certificate earlier this year in April.
Expansion Across Indian Cities
This is not the first major lease TCS has signed in 2025. Earlier this year, the company secured 1.4 million square feet at 360 Business Park on Neeladri Road in Electronic City through a 15 year agreement. That deal carried a monthly rent of Rs 9.31 crore at Rs 66.5 per square foot with a total rental outgo of more than Rs 2,130 crore. In March, TCS also leased 6.3 lakh square feet at Ozone Techno Park in Navalur, Chennai, at a monthly rent of Rs 2.8 crore, spread across seven floors. Together these deals underline the company’s aggressive expansion strategy across India’s top technology hubs.
Bengaluru’s Commercial Real Estate Boom
The Bengaluru office market has witnessed several high profile leasing transactions in recent months. Amazon Development Centre India and Amazon Seller Services leased over 1 million square feet in North Bengaluru in June at a monthly rent of Rs 6.1 crore. In August, Apple India signed a 10 year lease for 2.7 lakh square feet with a monthly rent of Rs 6.3 crore, a deal expected to cross Rs 1,000 crore over the term. With TCS now adding its 1.75 million square foot lease, Yeshwanthpur is emerging as a prime destination for global and domestic tech giants.
The Bigger Picture
TCS’s move highlights the continued demand for premium Grade A office space in India’s technology capital even amid global economic headwinds. The scale of these leases demonstrates confidence in the long term growth of India’s IT services sector and its ability to attract global clients. With Bengaluru remaining the country’s leading tech hub, large scale commercial real estate deals like this one point to sustained expansion and job creation in the years ahead.
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