Propstack

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[Propstack @PropstackIndia]

𝗜𝗕𝗠 𝗹𝗲𝗮𝘀𝗲𝘀 ~𝟮.𝟴𝟯 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗶𝗻 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂; 𝗧𝗼𝘁𝗮𝗹 𝗿𝗲𝗻𝘁 𝗼𝘂𝘁𝗴𝗼 𝗼𝗳 ₹𝟱𝟮𝟮 𝗖𝗿 𝗼𝘃𝗲𝗿 𝟭𝟬 𝘆𝗲𝗮𝗿𝘀

Global technology giant IBM India has locked in a major office lease in Bengaluru, securing 2,83,321 sq. ft. of Grade-A workspace at the Radon Building in Bagmane Solarium City.

The transaction represents a total financial commitment of approximately ₹522 Cr across the 10-year lease term, combining long-term warm-shell rentals with developer-backed turnkey fit-outs.

𝗞𝗲𝘆 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:
🔹 Tenant: IBM India Private Limited
🔹 Landlord: Akruthi Infra-Build Developers Private Limited (Bagmane Group)
🔹 Asset: Radon Building, Bagmane Solarium City, Bengaluru
🔹 Chargeable Area: 283,321 sq. ft.
🔹 Warm Shell Rent: ₹88/sq. ft./month (~₹2.49 Cr/month)
🔹 Fit-out Rent: ~₹2.98 Cr/month (for an initial 5-year period
🔹 Lease Tenure: 10 Years

📊 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗢𝘂𝘁𝗴𝗼 & 𝗗𝗲𝗮𝗹 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲:
• Base Warm Shell Outgo: ~₹343 Cr over the 10-year tenure
• Fit-out Rental Outgo: ~₹179 Cr amortized over 5 years
• Total Estimated Outgo: ~₹522 Cr

This transaction underlines the continued appetite large technology enterprises have for high-grade, scalable institutional office spaces in Bengaluru. A long-term commitment of this scale, coupled with developer-backed fitted infrastructure, highlights two key trends: occupiers are prioritizing Grade-A assets, and Bengaluru remains the indispensable anchor for global tech R&D and core operations.

Media Coverage:
BS: https://t.co/u7J4LU9kGy

[Propstack @PropstackIndia]

𝗟𝘂𝗟𝘂 𝗚𝗿𝗼𝘂𝗽 𝗹𝗲����𝘀𝗲𝘀 ~𝟲𝟮,𝟬𝟬𝟬 𝘀𝗾. 𝗳𝘁. 𝗵𝘆𝗽𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗽𝗮𝗰𝗲 𝗳𝗼𝗿 𝟭𝟱 𝘆𝗲𝗮𝗿𝘀

Multinational retail major LuLu Group has executed a landmark retail lease, anchoring an outlet at I-Thums Galleria in Sector Alpha-II, Greater Noida. The 15-year lease entails ~₹51.5 Cr in base rental commitment, spanning 62,035 sq. ft. of carpet area on the Lower Ground Floor.

According to media reports, the UAE-based retailer is targeting an investment of ₹2,500 crore to establish 25 outlets across Delhi-NCR by 2030, rolling out a mix of hypermarkets and smaller daily-concept formats based on local catchment density.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Adihm Developers Private Limited
🔹 Lessee: LuLu International Shopping Malls Private Limited
🔹 Asset: LG-01, I-Thums Galleria, Sector Alpha-II, Greater Noida
🔹 Carpet Area: 62,035 sq. ft. (56,035 sq. ft. Retail + 6,000 sq. ft. BOH)
🔹 Monthly Rent: ₹26.42 Lakh (₹45/sq. ft. Retail; ₹20/sq. ft. BOH)
🔹 Tenure: 15 Years

📊 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗥𝗲𝘁𝗮𝗶𝗹 𝗔𝗻𝗰𝗵𝗼𝗿 & 𝗦𝘂𝗯𝘂𝗿𝗯𝗮𝗻 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻

🔹 Landmark Catchment Presence: Crossing over ₹51 Cr in long-term rental commitment, this deal marks another major suburban milestone for LuLu in NCR, catering to a rapidly maturing residential population across Greater Noida.

🔹 Flagship Footfall Driver: Locking in a dedicated lower-ground hypermarket footprint—complete with dedicated loading docks and staff facilities—cements I-Thums Galleria as a regional commercial hub while ensuring consistent, multi-category retail footfall.

As institutional and large-format retailers seek out strategic catchment opportunities in dense suburban micro-markets, NCR’s commercial retail landscape continues to display robust fundamentals and sustained absorption.

Media coverage:
HT: https://t.co/5ag647p46t

[Propstack @PropstackIndia]

🔥 ₹𝟴𝟬𝟬 𝗖𝗿+ 𝗠𝗲𝗴𝗮 𝗗𝗲𝗮𝗹 𝗶𝗻 𝗡𝗼𝗶𝗱𝗮: 𝗦𝗼𝗽𝗿𝗮 𝗦𝘁𝗲𝗿𝗶𝗮 𝗹𝗲𝗮𝘀𝗲𝘀 𝗲𝗻𝘁𝗶𝗿𝗲 ~𝟰.𝟳𝟰 𝗹𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝘁𝗼𝘄𝗲𝗿 𝗳𝗼𝗿 𝟭𝟱 𝘆𝗲𝗮𝗿𝘀

European IT and technology services major Sopra Steria has executed a landmark commercial office lease along NCR’s prime growth corridor, locking in an entire institutional tower at Maconns Grande in Sector-132, Noida.

Sopra Steria India Limited has signed a fresh 15-year lease valued at over ₹816 Cr across its tenure, spanning 4,74,150 sq. ft. of chargeable area across Ground + 17 floors of Tower-A in the built-to-suit Grade-A IT/ITES campus developed by Maconns Infra.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Maconns Infra Private Limited
🔹 Lessee: Sopra Steria India Limited
🔹 Asset: Maconns Grande, Tower-A, Plot No. B-9, Sector-132, Noida
🔹 Floor: Ground + 17 Floors
🔹 Chargeable Area: 4,74,150 sq. ft.
🔹 Monthly Rent: ₹3.75 Cr (~₹79.20/sq. ft./month)
🔹 Tenure: 15 Years

📊 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗘𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗖𝗮𝗺𝗽𝘂𝘀 & 𝗕𝘂𝗶𝗹𝘁-𝘁𝗼-𝗦𝘂𝗶𝘁 𝗖𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁
🔹 Landmark Scale & Value: Spanning nearly half a million sq. ft. and crossing ₹816 Cr in total rental commitment over 15 years, this ranks among the largest single-occupier office absorption deals along the Noida Expressway.

🔹 Enterprise Campus Anchor: Securing a full standalone tower (G+17) provides complete operational independence, bespoke specialized infrastructure, and long-term consolidation for multi-year workforce expansion.

As global enterprise occupiers seek purpose-built, sole-occupier environments to establish lasting operational anchors, NCR’s core IT corridors continue to demonstrate sustained institutional depth.

Media coverage:
BS: https://t.co/dccBtngdmG
HT: https://t.co/zhKMR0UrfH

[Propstack @PropstackIndia]

𝗦𝗠𝗕𝗖 𝗹𝗲𝗮𝘀𝗲𝘀 ~𝟱𝟬,𝟬𝟬𝟬 𝘀𝗾. 𝗳𝘁. 𝗶𝗻 𝗕𝗞𝗖 𝗮𝘁 ��� 𝗿𝗲𝗰𝗼𝗿𝗱 ~₹𝟲𝟵𝟰/𝘀𝗾. 𝗳𝘁

Japanese banking heavyweight Sumitomo Mitsui Banking Corporation (SMBC) has executed a landmark commercial office lease in Mumbai’s prime business district, locking in a full-floor footprint at Sumitomo’s newly completed C-65 tower in Bandra Kurla Complex (BKC).

Sumitomo Mitsui Banking Corporation has signed a fresh 5-year lease valued at over ₹188.7 Cr, spanning 49,820 sq. ft. of chargeable area across the entire 9th floor of the Grade-A commercial development developed by Goisu Realty.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Goisu Realty Private Limited
🔹 Lessee: Sumitomo Mitsui Banking Corporation
🔹 Property Manager: GRPS Private Limited
🔹 Asset: Sumitomo C-65, Plot C-65, BKC, Mumbai
🔹 Floor: 9th Floor
🔹 Chargeable Area: 49,820 sq. ft.
🔹 Monthly Rent: ₹3.45 Cr (~₹694/sq. ft./month)
🔹 Security Deposit: ₹31.11 Cr

📊 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸 𝗕𝗞𝗖 ��𝗿𝗶𝗰𝗶𝗻𝗴 & 𝗙𝗹𝗮𝗴𝘀𝗵𝗶𝗽 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻

🔹 Record Benchmark: At ~₹694/sq. ft./month, this ranks among the highest office rental rates ever recorded in Indian CBDs.

🔹 Japanese Synergies: Anchors Sumitomo Corp’s flagship Mumbai development (via Goisu Realty) with dedicated building signage and ground-floor lobby presence.

As global banking powerhouses continue to anchor their high-value leadership hubs and strategic capital in India, Mumbai’s BKC reasserts its position as the premier financial corridor commanding top-tier institutional valuations.

Media coverage:
HT: https://t.co/9TuHoizQm6

[Propstack @PropstackIndia]

𝗖𝗼𝗴𝗻𝗶𝘇𝗮𝗻𝘁 𝗹𝗲𝗮𝘀𝗲𝘀 𝟲.𝟰𝟱 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗶𝗻 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗳𝗼𝗿 𝗨.𝗦. 𝗕𝗮𝗻𝗰𝗼𝗿𝗽.

Global technology services major Cognizant has executed a landmark commercial office lease in Chennai to set up a dedicated large-scale facility for leading American financial institution U.S. Bancorp.

Cognizant Technology Solutions India Private Limited has signed a fresh, contiguous 10-floor lease spanning 6,45,172 sq. ft. of chargeable area in Block 1 - Tower 3, Embassy Splendid TechZone, Pallavaram.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: ESNP Property Builders And Developers Private Limited
🔹 Lessee: Cognizant Technology Solutions India Private Limited
🔹 Asset: Embassy Splendid TechZone - Block 1, Tower 3, Pallavaram, Chennai
🔹 Floors: Ground to 9th Floors (Contiguous Entire Tower)
🔹 Chargeable Area: 6,45,172 sq. ft.
🔹 Monthly Rent: ₹4.77 Cr (~₹74/sq. ft./month)

📊 𝗕𝗙𝗦𝗜 𝗚𝗖𝗖 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 & 𝗟𝗮𝗿𝗴𝗲-𝗕𝗹𝗼𝗰𝗸 𝗔𝗯𝘀𝗼𝗿𝗽𝘁𝗶𝗼𝗻
This transaction highlights how global IT leaders are anchoring and scaling massive, dedicated Global Capability Centers (GCCs) for Fortune 500 BFSI institutions tapping Chennai’s deep engineering and fintech talent pool.
🔹 Large-Format Take-Up: Single-tenant absorption of ~6.45 Lakh sq. ft. across an entire 10-storey standalone tower
🔹 Dedicated Campus Infrastructure: Built inside Embassy REIT’s institutional IT park along the Pallavaram-Thoraipakkam arterial corridor
🔹 Long-Term Capital Commitment: Over ₹303 Cr in aggregate rental commitments over the initial 5-year tenure

As multinational banking and financial services giants accelerate their core digital and technology footprint in India, Chennai continues to reinforce its stature as a preferred destination for mega enterprise campus leasing.

Media Coverage:
HT: https://t.co/zvLGoOsbh5

BS: https://t.co/r1wR2rUKVv

[Propstack @PropstackIndia]

🔥 𝗦𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝗚𝗶𝗮𝗻𝘁 𝗞𝗟𝗔 𝗔𝗰𝗾𝘂𝗶𝗿𝗲𝘀 𝟭𝟮 𝗔𝗰𝗿𝗲𝘀 𝗳𝗼𝗿 ₹𝟭,𝟬𝟮𝟬 𝗖𝗿 𝘁𝗼 𝗕𝘂𝗶𝗹𝗱 𝗖𝗮𝗽𝘁𝗶𝘃𝗲 𝗚𝗖𝗖 𝗖𝗮𝗺𝗽𝘂𝘀!

India's GCC playbook is beginning to evolve from commercial leasing toward permanent, self-owned campuses. Highlighting this shift, global semiconductor process control major KLA Corporation has acquired land in Chennai to build a dedicated Global Capability Center (GCC) campus.

KLA-Tencor Software India has acquired a contiguous 12 acre parcel across three registered deeds for ₹1,020 Cr along the Pallavaram–Thoraipakkam Radial Road to scale its high-tech R&D, computational software, and chip engineering operations.

Key Deal Insights:
🔹 Sellers: SNP Ventures LLP, P.L. Raju Constructions Ltd, Mukunda Agro Crops LLP
🔹 Buyer: KLA-Tencor Software India Private Limited
🔹 Total Extent: 12 Acres
🔹 Total Consideration: ₹1,020.4 Cr (~₹85 Cr/Acre)
🔹 Permitted Use: Master-planned for IT/ITES Tech Park & Corporate R&D Campus

Key Takeaways:
🔹 Strategic Campus Ownership: A decisive move from multi-tenant leases to large-scale, captive owner-occupier infrastructure
🔹 Prime Tech Spine: Direct connectivity linking Chennai Airport, GST Road, and the OMR IT corridor
🔹 Deep-Tech Anchoring: Solidifies Chennai's position as a premier global hub for semiconductor hardware-software integration and yield metrology

Media coverage:

HT: https://t.co/Wr8f0D09Hm

[Propstack @PropstackIndia]

𝗕𝗹𝗮𝗰𝗸𝘀𝘁𝗼𝗻𝗲 𝗹𝗲𝗮𝘀𝗲𝘀 𝟰.𝟱𝟮 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗳𝗼𝗿 𝗶𝘁𝘀 𝗚𝗖𝗖 𝗮𝘁 𝗣𝗿𝗲𝘀𝘁𝗶𝗴𝗲 𝗟𝗮𝗸𝗲𝘀𝗵𝗼𝗿𝗲 𝗗𝗿𝗶𝘃𝗲, 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂.

Leading global asset manager Blackstone has executed a major office space transaction in Bengaluru to establish and scale its Center of Excellence. Blackstone COE India Private Limited has signed a fresh, large-format lease spanning 4,52,225 sq. ft. of chargeable area across contiguous 10 floors at Building No. 20, Prestige Lakeshore Drive.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:

🔹 Lessor: Prestige Beta Projects Private Limited
🔹 Lessee: Blackstone COE India Private Limited
🔹 Asset: Prestige Lakeshore Drive - Building No. 20, Bengaluru
🔹 Floors: Ground, 1st to 9th Floors
🔹 Chargeable Area: 4,52,225 sq. ft.
🔹 Monthly Rent: ₹4.16 Cr (~₹92/sq. ft./month)
🔹 Lease Tenure: 5 Years (15% escalation every 3 years)

📊 𝗚𝗖𝗖 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 & 𝗟𝗮𝗿𝗴𝗲-𝗕𝗹𝗼𝗰𝗸 𝗔𝗯𝘀𝗼𝗿𝗽𝘁𝗶𝗼𝗻
This transaction underscores sustained demand from premier multinational financial institutions and institutional investors expanding their tech, analytics, and shared services operations in India.
🔹 Large-Format Take-Up: Single-tenant absorption of ~4.52 Lakh sq. ft. across 10 floors
🔹 Campus Integration: Anchor-scale presence inside Prestige Group's prime commercial park
🔹 Strategic Growth: Long-term operational commitment to Bengaluru’s institutional-grade Grade-A office ecosystem

As global enterprises continue to deepen their high-value capability centers, Bengaluru’s premier commercial developments maintain steady momentum driven by large-scale enterprise campus leasing

Media coverage:

HT: https://t.co/b9of2j2kNC

[Propstack @PropstackIndia]

𝗪𝗡𝗦 𝗹𝗲𝗮𝘀𝗲𝘀 𝟯.𝟮𝟮 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. ��𝘁 𝗛𝗶𝗿𝗮𝗻𝗮𝗻𝗱𝗮𝗻𝗶 𝗖𝗲𝗻𝘁𝗮𝘂𝗿𝘂𝘀, 𝗧𝗵𝗮𝗻𝗲; 𝘁𝗼𝘁𝗮𝗹 𝗿𝗲𝗻𝘁 𝗼𝘂𝘁𝗳𝗹𝗼𝘄 𝗼𝗳 ₹𝟲𝟭𝟵 𝗖𝗿.

Global business process management leader WNS has significantly expanded its operational presence in the Mumbai Metropolitan Region (MMR). WNS Global Services Private Limited has executed two fresh lease agreements spanning 3,22,447 sq. ft. of carpet area across five floors (Floors 3 to 7) at Hiranandani Centaurus, Thane.

The transaction represents a massive long-term rental commitment of ₹619 Cr, backed by an initial security deposit of ₹34.8 Cr, with monthly rentals standing at ₹2.90 Cr.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Roma Builders Private Limited
🔹 Lessee: WNS Global Services Private Limited
🔹 Asset: Hiranandani Centaurus, Thane
🔹Carpet Area: 3,22,447 sq. ft. (Floors 3, 4, 5, 6 & 7)
🔹 Monthly Rent: ₹2.90 Cr (₹90/sq. ft./month on carpet)

📊 𝗟𝗲𝗮𝘀𝗲 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 & 𝗧𝗲𝗻𝘂𝗿𝗲 𝗕𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻

This transaction reflects a dual-tenure strategy tailored for long-term core scaling alongside flexible near-term capacity additions.

As multinational enterprises continue to anchor and scale their global delivery networks in India, prime institutional developments in Thane maintain strong absorption momentum driven by integrated township infrastructure, grade-A commercial supply, and extensive talent access.

Media coverage

BS: https://t.co/7k05sZYPIj

[Propstack @PropstackIndia]

𝗙𝗲𝗱𝗘𝘅 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝘁𝗼 𝟯.𝟳𝟬 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗮𝘁 𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗖𝗲𝗻𝘁𝗮𝘂𝗿𝘂𝘀.

Global logistics and supply chain giant FedEx has deepened its operational presence in Hyderabad's prime IT corridor. FedEx Express Transportation and Supply Chain Services (India) Private Limited has executed a fresh lease transaction spanning 1,19,526 sq. ft. of chargeable area on the 17th floor of Phoenix Centaurus, Manikonda/Gachibowli.

Over a 5-year lease tenure, the transaction represents a total rental commitment of ~₹55.57 Cr, backed by an initial security deposit of ₹8.39 Cr.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Athena Global Technologies Limited
🔹 Lessee: FedEx Express Transportation and Supply Chain Services (India) Private Limited
🔹 Asset: Phoenix Centaurus, Manikonda / Gachibowli, Hyderabad
🔹 Chargeable Area: 1,19,526 sq. ft.
🔹 Monthly Rent: ~₹93.23 Lakhs (₹78/sq. ft./month)
🔹 Lease Tenure: 5 Years

📊 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗦𝗰𝗮𝗹𝗲 & 𝗖𝗮𝗺𝗽𝘂𝘀 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻 This transaction highlights continued large-format office space absorption and institutional tenant commitment within the IT/ITES SEZ corridor.
🔹 Existing Footprint: ~2.50 Lakh sq. ft. operational space
🔹 Fresh Expansion: 1,19,526 sq. ft. added to support ongoing operations
🔹 Total Campus Footprint: Increases FedEx’s consolidated occupancy at Phoenix Centaurus to ~3.70 Lakh sq. ft.

As global enterprises continue to anchor and scale their capability and support centers in India, institutional-grade commercial developments in Hyderabad maintain steady leasing momentum driven by footprint additions and campus consolidations.

Media coverage:
HT: https://t.co/mnhbYjsePF

[Propstack @PropstackIndia]

AI can read a lease in seconds. The hard part is knowing which answers to trust.

We've spent the last decade working on that problem.

Since 2013, Propstack has turned India's registered sale, lease and mortgage documents into structured data. That covers more than 1 million transactions and 1.4 billion sq ft of space. The documents are scanned, handwritten, multilingual and inconsistent. The only way to get that data right at scale is to let automation do the heavy lifting and have trained analysts check the fields that matter.

So when Basking asked us to be the human in their human-in-the-loop, the workflow felt familiar.

Starting today, enterprises anywhere can get AI-powered lease abstraction from Basking and Propstack:

🔹 Basking's AI extracts hundreds of fields per lease in one pass, each with a confidence score

🔹 Propstack's expert team checks every low-confidence value against the source document

🔹 Every change is tracked, so the final record is audit-ready

"Combining that expertise with Basking's AI platform lets us offer enterprises worldwide something that didn't exist before: abstraction at AI speed with the accuracy of a trained analyst on every lease." — Raja Seetharaman, Co-founder, Propstack

More details here- https://t.co/IpCXoz3COq

#LeaseAbstraction #CorporateRealEstate #PropTech #AI

[Propstack @PropstackIndia]

𝗙𝗿𝗲𝘀𝗵 𝗼𝗳𝗳 𝗟'𝗢𝗿é𝗮𝗹’𝘀 ~₹𝟰,𝟬𝟬𝟬 𝗖𝗿 𝗯𝘂𝘆𝗼𝘂𝘁, 𝗜𝗻𝗻𝗼𝘃𝗶𝘀𝘁 𝗽𝗶𝗰𝗸𝘀 𝘂𝗽 𝟮.𝟲𝟮 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗶𝗻 𝗚𝘂𝗿𝗴𝗮𝗼𝗻.

Following one of the largest acquisitions in India’s direct-to-consumer (D2C) ecosystem—where global beauty leader L'Oréal acquired Innovist in a landmark deal valued at ~₹4,000 Cr—the digital-first personal care giant is aggressively scaling its physical infrastructure.

Operating under Onesto Labs Private Limited, the parent entity behind high-growth brands Bare Anatomy, Chemist at Play, and SunScoop has executed a fresh, large-format lease for 2,62,350 sq. ft. in Block H1, Horizon Industrial Park, Bilaspur, Gurugram.

Over a 5-year tenure, the transaction represents an estimated total rental commitment of ~₹47 Cr, securing institutional-grade warehousing to power manufacturing, omnichannel reach, and rapid fulfillment across North India.

𝗞𝗲𝘆 𝗗𝗲��𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Horizon Industrial Parks Limited
🔹 Lessee: Onesto Labs Private Limited (Innovist)
🔹 Asset: Block H1, Horizon Industrial Park, Bilaspur, Pathredi Village, Manesar Tehsil, Gurugram
🔹 Total Chargeable Area: 2,62,350 sq. ft
🔹 Monthly Rent: ~₹72.14 Lacs (₹27.50 / sq. ft. / month)

📊 𝗠&𝗔 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 & 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗦𝗰𝗮𝗹𝗲
This transaction underscores how mega D2C consolidation directly fuels demand for institutional logistics real estate:
🔹 Record-Breaking Exit to Enterprise Scale: On the heels of L’Oréal’s marquee acquisition, Innovist is establishing an institutional fulfillment hub to support its next phase of global and domestic growth.
🔹 Commitment & Phased Growth: 2,62,350 sq. ft. locked in under a 5-year lease starting March 13, 2026, supported by an interest-free deposit of ₹2.88 Cr and a 5% annual escalation.
🔹 Prime Connectivity: Situated in the Bilaspur–Manesar industrial belt with seamless access to NH-48 and the Western Peripheral Expressway (KMP), optimizing supply chains for both e-commerce and quick-commerce channels.

As global FMCG conglomerates snap up homegrown digital-first brands, the scale of post-acquisition operations is driving significant Grade-A warehousing absorption across key industrial corridors like Gurugram.

Media coverage:

HT: https://t.co/IvcAii8rQw

#CommercialRealEstate #Warehousing #D2C #Logistics #GurgaonRealEstate

[Propstack @PropstackIndia]

𝗔𝗰𝗰𝗲𝗻𝘁𝘂𝗿𝗲 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝘁𝗼 𝟱.𝟲𝟳 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗮𝘁 𝗣𝗿𝗶𝘁𝗲𝗰𝗵 𝗣𝗮𝗿𝗸 𝗦𝗘𝗭.

Global IT services leader Accenture has strengthened its presence in Bengaluru's prime Outer Ring Road corridor. Accenture Solutions Private Limited has executed a consolidated transaction totaling 5,66,617 sq. ft. in Block 14, Pritech Park SEZ, Bellandur.

The deal combines the renewal of 4,40,951 sq. ft. of existing operational space alongside a fresh expansion of 1,25,666 sq. ft. Over a 5-year tenure, the combined lease entails an estimated total rental commitment of ~₹269 Cr.

𝗞��𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Pritech Projects
🔹 Lessee: Accenture Solutions Private Limited
🔹 Asset: Block 14, Pritech Park SEZ, Bellandur, Bengaluru
🔹 Total Chargeable Area: 5,66,617 sq. ft.
🔹 Monthly Rent: ~₹4.32 Cr

📊 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗦𝗰𝗮𝗹𝗲 & 𝗖𝗮𝗺𝗽𝘂𝘀 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻
This transaction reflects both long-term tenant commitment and active enterprise expansion within the IT/ITES SEZ.
🔹 Renewal Space: 4,40,951 sq. ft. renewed under long-term occupancy.
🔹 Fresh Expansion: 1,25,666 sq. ft. added to accommodate business growth.
🔹 Total Footprint: Accenture’s footprint in Block 14 expands to an aggregate of 5.67 Lakh sq. ft.

As global enterprises continue to anchor core operations in India, institutional-grade tech parks along Bengaluru’s ORR maintain strong absorption driven by large-scale portfolio consolidations and footprint additions.

Media coverage:
HT: https://t.co/PKt8g8RViV

BS: https://t.co/NVFggfnmWs

[Propstack @PropstackIndia]

The world's largest real estate services firm is putting Propstack data into its India workflows.

We've signed a strategic enterprise agreement with CBRE South Asia. Our data and analytics platform will be integrated across their India operations, supporting investment advisory, occupier advisory and client reporting. Rollout starts this month.

CBRE's research and market expertise is well respected for advisory in India. Pairing that with real-time, granular transaction data is how the industry moves from opinion to evidence.

Data has always been the differentiator in commercial real estate. What's changed is what you can do with it. In an AI-first world, a proprietary dataset stops being a reference library and starts being the engine underneath every recommendation you make.

That's the shift we want to accelerate, and it isn't ours alone to make.

So, we encourage everyone building in this market: run Propstack as your operating data platform. Bring your own proprietary datasets into it. Build insights your clients can't get anywhere else.

We've just shipped tools that make this straightforward, with integration and analysis happening in real time, built for the way your teams actually work.

If that's a conversation worth having, we're ready.

Media coverage:
ET: https://t.co/DnWcJPVJOp
BS: https://t.co/bbEQtXBK1f
HT: https://t.co/96nmamgqqA

[Propstack @PropstackIndia]

𝗕𝗼𝗼𝗸𝗶𝗻𝗴 𝗛𝗼𝗹𝗱𝗶𝗻𝗴𝘀 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝘄𝗶𝘁𝗵 𝗮 𝟭.𝟭𝟭+ 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗹𝗲𝗮𝘀𝗲.

Global travel technology leader Booking Holdings has expanded its Center of Excellence / GCC presence in Bengaluru. Booking Holdings India Private Limited has secured 1,11,525 sq. ft. of prime commercial office space on the 8th floor of RMZ Ecoworld (Series 30 - Campus 30) along the Outer Ring Road corridor.

The transaction highlights the continued momentum of global tech majors consolidating and expanding their captive capability centers in Bengaluru’s premier Grade-A business parks. Over its 5-year tenure, the lease entails an estimated total rental commitment of ~₹84 Cr.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: RMZ Hotels Private Limited
🔹 Lessee: Booking Holdings India Private Limited
🔹 Asset: 8th Floor, Series 30 - Campus 30, RMZ Ecoworld, Bellandur
🔹 Total Chargeable Area: 1,11,525 sq. ft.
🔹 Monthly Rent: ~₹1.33 Cr (₹119.6 / sq. ft)

📊 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗦𝗰𝗮𝗹𝗲 & 𝗖𝗮𝗺𝗽𝘂𝘀 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻
This fresh transaction builds directly upon Booking Holdings’ existing presence within the business park.
🔹Prior Occupancy: Occupies space across the 7th and 8th floors in Campus 31. Booking Holdings’ total occupied footprint across RMZ Ecoworld expands to ~2.65 Lakh sq. ft.

As global tech leaders drive high-value digital and operational mandates out of India, institutional tech ecosystems along Bengaluru’s ORR continue to command strong absorption for large-scale enterprise expansions.

Media coverage:
ET: https://t.co/JUSJwUC9Om

HT: https://t.co/aWNR3WaMG4

[Propstack @PropstackIndia]

𝗗𝗮𝗻𝗮𝗵𝗲𝗿 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗚𝗖𝗖 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝗶𝗻 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂 𝘄𝗶𝘁𝗵 𝗮 𝟭.𝟴+ 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗺𝗲𝗴𝗮 𝗹𝗲𝗮𝘀𝗲.

Global science and technology innovator Danaher Corporation has signed a significant long-term commercial lease to expand its Global Capabilities and R&D presence in Bengaluru. DHR Holding India Private Limited��the Indian subsidiary of Danaher Corporation—has locked in a 5-year lease for 1,80,121 sq. ft. of prime commercial office space at Sumadhura Capitol Towers in Whitefield.

The transaction highlights the continued momentum of global Fortune 500 GCCs establishing long-term, high-value tech, engineering, and shared services hubs in Bengaluru. Over its 5-year primary tenure, the transaction represents a total rental commitment of ~₹88.6 Crore.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Sumadhura Capitol Towers Private Limited
🔹 Lessee: DHR Holding India Private Limited
🔹 Asset: Floors 9, 10 & 11 (Tower 1), Sumadhura Capitol Towers, Whitefield
🔹 Chargeable Area: 1,80,121 sq. ft. (Carpet Area: 1,33,290 sq. ft.)
🔹 Starting Rent: ₹74.2/ sq. ft. / month (~₹1.34 Cr/month)
🔹 Security Deposit: ₹9.38 Crore (equivalent to 7 months' rent)
🔹 Tenure: 5 Years (5% escalation annually, with a 5-year renewal option)
🔹 Car Parking: 180 reserved basement parking bays (1:1,000 ratio)
🔹 Lease Commencement: April 1, 2026 (Rent commencement: June 1, 2026)

💼 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗙𝗼𝗰𝘂𝘀: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 & 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗛𝘂𝗯
The facility is positioned to act as a centralized backbone supporting high-impact operations across Danaher's enterprise ecosystem:
🔹 𝗥&𝗗 𝗮𝗻𝗱 𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿𝗶𝗻𝗴: Purpose-built for research and development laboratories, validation centres, and advanced software/product engineering.
🔹 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀: Anchoring shared enterprise functions including digital platforms, cloud services, regulatory compliance, supply chain management, and finance.
🔹 𝗠𝘂𝗹𝘁𝗶-𝗔𝗳𝗳𝗶𝗹𝗶𝗮𝘁𝗲 𝗘𝗻𝗮𝗯𝗹𝗲𝗺𝗲𝗻𝘁: Structured with flexible intra-group occupancy and assignment provisions, enabling collaborative use across Danaher group companies and global operating entities.

As multinational healthcare, life sciences, and technology enterprises continue leveraging India’s engineering talent pool, institutional Grade-A developments in Bengaluru's Whitefield corridor remain the preferred choice for enterprise-scale GCC footprints.

Media coverage:
HT: https://t.co/Rf6It3sgJ8

[Propstack @PropstackIndia]

𝗩𝗶𝗻𝗴𝗿𝗼𝘂𝗽-𝗯𝗮𝗰𝗸𝗲𝗱 𝗚𝗿𝗲𝗲𝗻 𝗦𝗠 𝗹𝗼𝗰𝗸𝘀 𝗶𝗻 𝟭,𝟬𝟱𝟬+ 𝗯𝗮𝘆 𝗺𝗲𝗴𝗮 𝗘𝗩 parking 𝗹𝗲𝗮𝘀𝗲 in 𝗚𝗿𝗲𝗮𝘁𝗲𝗿 𝗡𝗼𝗶𝗱𝗮.

As Vietnam’s conglomerate Vingroup accelerates its India expansion via VinFast India and all-electric ride-hailing arm Green SM India, the company has signed a long-term lease in the National Capital Region. Green SM India has secured 35,400 sq. mtr. (~3.81 Lakh sq. ft.) across Basement-2 for 1,050 car parking slots at Golden Grande in Tech Zone IV, Greater Noida, representing a total rental commitment of ₹15+ Cr over its 5-year tenure.

Raja Seetharaman, Co-Founder of Propstack, noted: "Large-scale EV operations are redefining traditional parking usage, turning standard basement infrastructure into revenue-generating, tech-enabled charging hubs. This 1,050-bay deal in Noida underscores how mobility and PropTech dynamics are reshaping real estate demand."

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Licensor: Ashrai Infra Private Limited
🔹 Licensee: Green SM India Private Limited
🔹 Asset: Basement-2, Golden Grande, Plot No. 19, Sector-Tech Zone IV, Greater Noida West
🔹 Licensed Area: ~35,400 sq. mtr. (Basement-2)
🔹 Infrastructure Scope: 1,050 EV Parking Bays + 5 Dedicated Containerized Charging & Admin Spaces
🔹 Starting Rent: ₹23.38 Lakh / month
🔹 Security Deposit: ₹1.16 Crore (5 months)
🔹 Tenure: 5 Years (5% annual escalation)

⚡ 𝗧𝗵𝗲 𝗘𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗼𝗱𝗲𝗹 𝗳𝗼𝗿 𝗘𝗩 𝗠𝗼𝗯𝗶𝗹𝗶𝘁𝘆
This transaction illustrates how high-capacity commercial assets are adapting to next-gen fleet demands:
🔹 𝐁𝐚𝐬𝐞𝐦𝐞𝐧𝐭 𝐅𝐥𝐨𝐨𝐫-𝐏𝐥𝐚𝐭𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Converting underutilized basement volumes into institutional-grade fleet staging and fast-charging hubs.
🔹 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐅𝐥𝐞𝐞𝐭 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦𝐬: Pairing 24/7 vehicle charging access with modular container units for on-site driver administration, training, and maintenance.

As EV operators ramp up fleet deployments across Tier-1 metros, high-capacity commercial hubs with scalable power infrastructure are set to emerge as critical real estate backbones for modern urban transport.

Media coverage:
Business Standard: https://t.co/50MMpWVqGc
HT: https://t.co/sYXbmOvLIv

[Propstack @PropstackIndia]

𝗔𝗼𝗻 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗚𝗖𝗖 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝗶𝗻 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂 𝘄𝗶𝘁𝗵 𝗮 𝟭.𝟵𝟴+ 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗺𝗲𝗴𝗮 𝗹𝗲𝗮𝘀𝗲.

Global professional services and management consulting firm Aon has expanded its Global Capability Center footprint in Bengaluru. Aon Consulting has secured 1,98,509 sq. ft. of prime office space across four floors at The Earth Centre in Whitefield, structured across two consecutive transactions.

The transaction underscores the sustained leasing appetite of Fortune 500 multinationals anchoring long-term capability centers in Bengaluru’s core tech micro-markets. Across its 5-year horizon, the combined lease represents an estimated total rental commitment of ₹97+ Crore.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Vista Spaces Earth Centre Private Limited
🔹 Lessee: Aon Consulting Private Limited
🔹 Asset: Block A (Floors 2, 3, 4 & 6), The Earth Centre, EPIP Zone, Whitefield
🔹 Total Chargeable Area: 1,98,509 sq. ft.
🔹 Starting Rent: ₹77.3/ sq. ft. / month (~₹1.53 Cr/month combined)
🔹 Tenure: 5 Years (15% escalation every 3 years)

📊 𝗣𝗵𝗮𝘀𝗲𝗱 𝗢𝗰𝗰𝘂𝗽𝗮𝗻𝗰𝘆 & 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 The footprint was acquired in two phased transactions to streamline campus consolidation and fit-out execution:
🔹 Phase 1 (Floors 3, 4 & 6): 1,64,482 sq. ft. handed over in Dec 2025, with staggered rent commencement on May 2026 (Floors 3 & 4) and June 2026 (Floor 6).
🔹 Phase 2 (Part of Floor 2): 34,027 sq. ft. expansion executed in June 2026, with rent commencement from October 2026.

As global consulting and enterprise risk majors scale high-value knowledge operations, institutional Grade-A developments in Whitefield continue to serve as key destinations for large-format GCC expansions.

Media coverage
HT: https://t.co/rLvWkLRIzp

[Propstack @PropstackIndia]

𝗧𝗜𝗔𝗔 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝘁𝘀 𝗚𝗖𝗖 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝗶𝗻 𝗣𝘂𝗻𝗲 𝘄𝗶𝘁𝗵 𝗮 𝟮.𝟱𝟱+ 𝗟𝗮𝗸𝗵 𝘀𝗾. 𝗳𝘁. 𝗺𝗲𝗴𝗮 𝗹𝗲𝗮𝘀𝗲.

Global financial services major TIAA (Teachers Insurance and Annuity Association of America) has signed a significant long-term commercial lease to expand its Global Capabilities footprint in Pune. TIAA Global Capabilities has locked in a 10-year lease for 2,55,713 sq. ft. of prime office space at Panchshil Vantage in Wagholi.

The deal highlights the sustained leasing appetite of Fortune 100 GCCs scaling their operations across Tier-1 Indian tech corridors. Across its 10-year horizon, the transaction represents a total rental commitment of ₹320+ Crore.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: P-one Infrastructure Private Limited
🔹 Lessee: TIAA Global Capabilities Private Limited
🔹 Asset: Floors 5, 6, 7 & 8, Panchshil Vantage, Wagholi, Pune
🔹 Chargeable Area: 2,55,713 sq. ft.
🔹 Starting Rent: ₹92 / sq. ft. / month (~₹2.35 Cr/month)
🔹 Security Deposit: ₹14.11 Crore
🔹 Tenure: 10 Years (15% escalation every 3 years)
🔹 Lease Commencement: June 1, 2026

📊 𝗣𝗵𝗮𝘀𝗲𝗱 𝗢𝗰𝗰𝘂𝗽𝗮𝗻𝗰𝘆 & 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 The transaction features a phased absorption model to streamline fit-out timelines and workforce deployment: 🔹 𝗧𝗿𝗮𝗻𝗰𝗵𝗲 𝟭 (𝗙𝗹𝗼𝗼𝗿𝘀 𝟱, 𝟲 & 𝟳): 1,87,996 sq. ft. with rent commencement from December 1, 2026.
🔹 𝗧𝗿𝗮𝗻𝗰𝗵𝗲 𝟮 (𝗙𝗹𝗼𝗼𝗿 𝟴): 67,717 sq. ft. with rent commencement from June 1, 2027.

As global BFSI institutions continue optimizing technology delivery and domain capabilities, large-scale institutional developments in Pune's eastern growth corridor remain a top choice for long-term global center expansions.

Media Coverage:
BS: https://t.co/AkfCciFohz

[Propstack @PropstackIndia]

𝗜𝗻𝗳𝗶𝗻𝗲𝗼𝗻 𝗶𝘀 𝗴𝗼𝗶𝗻𝗴 𝗮𝗹𝗹-𝗶𝗻 𝗼𝗻 𝗕𝗲𝗻𝗴𝗮𝗹𝘂𝗿𝘂: ₹𝟳𝟱𝟬+ 𝗖𝗿 𝗺𝗲𝗴𝗮 𝗹𝗲𝗮𝘀𝗲 + 𝗮𝗻 𝗔𝗜 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻.

German Semiconductor giant Infineon Technologies has made a massive two-pronged bet on India’s deep-tech ecosystem. In one of the largest commercial office transactions this year, Infineon has signed a 10-year lease for 6.31 lakh sq. ft. of prime office space at Bagmane Solarium City, Whitefield, Bengaluru.

This landmark expansion comes directly in tandem with Infineon’s acquisition of Indian startup C2i Semiconductors. The acquisition further strengthens Infineon’s top position in power solutions for AI data centers while expanding its engineering capabilities in India.

The Bengaluru office expansion alone translates to an estimated warm-shell rental payout of ₹750+ Crore across the 10-year tenure.

𝗞𝗲𝘆 𝗗𝗲𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
🔹 Lessor: Akruthi Infra-Build Developers Private Limited (Bagmane Group) & Co-owners
🔹 Lessee: Infineon Technologies India Private Limited
🔹 Asset: Building No. 14 (Ground to 9th Floor), Bagmane Solarium City, Whitefield, Bengaluru
🔹 Chargeable Area: 6,31,922.87 sq. ft.
🔹 Starting Rent: ₹88 / sq. ft. / month (with a 15% escalation every 3 years) 🔹 Tenure: 10 Years (8-month operational rent-free window)

📊 𝗧𝗵𝗲 𝗦𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 & 𝗔𝗜 𝗧𝘄𝗶𝗻-𝗘𝗻𝗴𝗶𝗻𝗲 𝗕𝗲𝘁
Infineon’s massive footprint expansion perfectly mirrors the surging momentum across India's semiconductor and AI design landscapes:
🔹 𝗖𝗮𝗺𝗽𝘂𝘀 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻 & 𝗦𝗰𝗮𝗹𝗶𝗻𝗴: Moving into an entire standalone 10-floor tower (Building 14) enables Infineon to house large-scale R&D labs, embedded software teams, and advanced semiconductor design units under one roof.
🔹 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗦𝘆𝗻𝗲𝗿𝗴𝘆: Integrating C2i Semiconductors alongside this new 6.3L+ sq. ft. campus cements Bengaluru as a key nerve center driving Infineon's global AI and digital power engineering roadmap.

As global semiconductor leaders race to build resilient supply chains and accelerate AI silicon development, large-scale commercial leases like this highlight India’s rapid evolution from a regional support hub into a premier global R&D powerhouse.

𝗠𝗲𝗱𝗶𝗮 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲:
Business Standard: https://t.co/lfeSNZdbCV

HT: https://t.co/hLjpsRcNKb