HSBC’s India division has leased over 1.2 lakh sq ft of office space in Bengaluru through a long-term sub-lease. The agreement covers an initial period of five years, with an option to extend it for another five years. According to property registration documents accessed by CRE Matrix, the transaction was registered on October 23, 2026. The initial lease term involves a rental commitment of approximately ₹191.84 crore.
What Are the Key Details of HSBC’s Bengaluru Office Lease?
HSBC Electronic Data Processing India has taken office space across the first, second and third floors of Ecospace Campus 1C. The commercial tower stands on Outer Ring Road in Bellandur, Bengaluru. Cowrks India has sub-leased the premises to HSBC Electronic Data Processing India. Arliga Ecoworld Infrastructure is the principal lessor and confirming party.
The registered agreement also includes 119 car parking spaces. It records a security deposit of approximately ₹19.18 crore, equivalent to six months of rent. These terms form part of the registered sub-lease agreement.
What Are the Rental Terms and Financial Commitments of the Deal?
The agreement involves a rental commitment of ₹191.84 crore over the initial five-year term. HSBC also has the option to extend the lease for another five years. If the company exercises this option, the potential rental outgo could reach ₹383.68 crore over ten years. This estimate assumes that the rent remains unchanged and excludes any escalation.
The security deposit stands at ₹19.18 crore. This amount equals six months of rent under the agreement. The lease therefore involves a substantial financial commitment beyond the initial occupancy period if HSBC chooses to extend it.
Where Is Ecospace Campus 1C Located in Bengaluru?
Ecospace Campus 1C is situated on Outer Ring Road in Bellandur, Bengaluru. The property forms part of the city’s commercial office market. HSBC’s leased premises span three floors within the tower. The location and scale of the transaction add to Bengaluru’s office leasing activity.
How Does This Lease Strengthen HSBC’s Bengaluru Office Presence?
The agreement gives HSBC’s India division a long-term office arrangement in Bengaluru. Its five-year extension option also provides flexibility for future occupancy requirements. The leased space supports the company’s office operations while securing its presence at Ecospace Campus 1C.
Recent Transactions
Bengaluru’s warehousing market has seen activity through large warehouse leases involving major occupiers. In August 2026, DHL Supply Chain India Private Limited leased a 2.4 lakh sq ft warehouse in Hoskote for five years, with an estimated total rent of ₹37.03 crore.
Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!
