Tata Consultancy Services Leases Bengaluru Office

Tata Consultancy Services (TCS) has signed one of India — Bengaluru's largest office space deals in recent years, leasing 1.4 million sq ft at 360 Business Park in Electronic City from Labzone Electronics City Private Limited. The 15-year agreement, valued at Rs 2,130 crore, will commence in two phases in April and August 2026. This expansion is part of Tata Consultancy Services' broader nationwide strategy to invest over Rs 4,500 crore in new campuses and infrastructure, including significant acquisitions in India — Bengaluru and leases in Tier-II cities like India — Visakhapatnam, India — Kochi, India — Coimbatore, India — Hyderabad, and India — Kolkata. The deal reflects a wider trend of global technology and financial services firms, such as Amazon (company), Alphabet Inc., JPMorgan Chase, Morgan Stanley, and Qualcomm, securing large office spaces across India's major cities, underscoring robust demand in the commercial real estate sector despite a mixed IT industry demand environment and increasing adoption of hybrid working.