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Airbus India Private Limited Expands Bengaluru Footprint to Nearly 8 Lakh Sq Ft

Airbus India Private Limited Expands Bengaluru Footprint to Nearly 8 Lakh Sq Ft (3)

Global aerospace and defence major Airbus India Private Limited has leased 1.51 lakh sq ft of office space at Titanium Tech Park in Bengaluru, according to documents accessed by CRE Matrix. The deal strengthens the company’s long-term expansion strategy in India. With this addition, Airbus continues to scale its technology and engineering footprint in the city.

Deal Details 

Airbus leased 1,14,955 sq ft across the third and fourth floors and 36,755 sq ft on the ground floor. The company agreed to pay ₹64 per sq ft per month. It will pay ₹73.57 lakh for the upper floors and ₹23.52 lakh for the ground floor. The total leased area stands at 1,51,710 sq ft. The total monthly rent stands at ₹97.09 lakh. The lease runs for eight years until October 31, 2034. The company paid a security deposit of ₹4.75 crore for the upper floors and ₹1.52 crore for the ground floor. The agreement also includes 203 parking spaces across all floors.

Earlier 6.2 Lakh Sq Ft Commitment

Last year, Airbus leased over 6.2 lakh sq ft in the same tower to establish its global capability centre. The company took 5.63 lakh sq ft across the sixth to the fifteenth floors at a monthly rent of ₹3.60 crore. It also leased 57,508 sq ft on the fifth floor for ₹36.80 lakh per month. The earlier agreement included a scalability clause that allowed Airbus to add another 1.5 lakh sq ft and extend the lease by five years, potentially making it a 15-year commitment.

Market Outlook and Sentiments

India’s office market continues to show strong momentum, with leasing activity nearing record levels and Bengaluru leading demand. Global capability centres, technology firms, and flex operators are driving fresh absorption despite global uncertainties.

Improving sentiment indicators reflect renewed confidence in premium office assets. The Airbus expansion aligns with this broader optimism, as large occupiers continue to secure quality space in Bengaluru. This, in turn, indicates sustained demand in India’s commercial real estate market.

Recent office space transactions in Bengaluru highlight sustained demand from global occupiers and technology majors. In one of the largest commercial leasing deals of 2025, IBM India Pvt. Ltd. leased 161,884 sq ft of Grade-A office space at Embassy Golflinks Business Park (EGL), Bengaluru.

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Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services has expanded its India operations with a large office lease in Hyderabad. The US-based insurer’s India arm has taken 1.59 lakh sq ft of office space in Gachibowli, one of the city’s key IT corridors. The deal comes with a monthly rent of ₹92.28 lakh, according to lease documents accessed by CRE Matrix.

The office is located in Kalyani Trident and spans the 21st and 22nd floors. Hartford will pay ₹44.48 lakh per month for 76,701 sq ft on the 21st floor. Additionally, it will pay ₹47.79 lakh per month for 82,406 sq ft on the 22nd floor.

Lease Structure, Rentals, and Key Terms

The rent works out to ₹58 per sq ft per month across both floors. Hartford has paid a security deposit of ₹5.53 crore as part of the agreement.

The lease runs for five years with a three-year lock-in period. Moreover, the agreement includes a 15% rent escalation every three years. The company also secured 213 car parking slots, each charged at ₹3,500 per car per month.

The lease was officially registered on December 9, 2025, and Hartford paid a stamp duty of ₹14 lakh.

Hartford will begin paying rent for the 21st-floor space from March 1, 2026. Meanwhile, rent payments for the 22nd-floor premises will start from September 1, 2026.

Gachibowli’s Growing Appeal

Gachibowli continues to attract global occupiers. The micro-market benefits from steady demand from global capability centres, IT firms, and financial services companies. It also offers Grade A office developments, strong road connectivity via the Outer Ring Road, upcoming metro links, and easy access to the international airport.

As a result, Gachibowli remains a preferred destination for large, long-term office leasing deals.

Recent Transactions

Recent office transactions in Hyderabad reflect steady occupier confidence across key IT corridors. Large leasing deals by global firms highlight sustained demand for Grade A spaces, flexible lease structures, and well-connected micro-markets such as Gachibowli and Hitec City.

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, Facebook India leased 69,702 sq ft office space in Hyderabad’s Hitec City.

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Wipro Leases 1.45 Lakh Sq Ft Office Space at Mindspace SEZ, Airoli

Wipro Leases 1.45 Lakh Sq Ft Office Space at Mindspace SEZ, Airoli

Wipro Limited has leased a large office space at Mindspace SEZ, Airoli East (MIDC Industrial Area), Navi Mumbai, reinforcing Airoli’s position as a key commercial and IT hub in the Mumbai Metropolitan Region (MMR).

According to documents accessed by CRE Matrix, the space is located in Building No. 4 at Mindspace SEZ, owned by Mindspace Business Parks Private Limited. The lease transaction was officially registered on 29 December 2025.

Key Lease Details

Wipro has leased a total area of 145,157 sq ft, with a starting monthly rent of approximately Rs 97.25 lakh. This translates to Rs 67 per sq ft per month. The agreement includes 97 car parking spaces, supporting large-scale office operations.

The lease tenure is 60 months, with a lock-in period of 36 months. This provides stability for both the lessor and lessee.

Rent Structure and Escalation

The lease agreement includes a handover date of 07 January 2026, with rent commencement scheduled from 01 April 2026. This provides Wipro a rent-free period of 84 days. The contract stipulates an annual rent escalation of 5%. The security deposit stands at Rs 5.83 crore and is subject to a 5% escalation every year, as per the lease terms
In addition, Common Area Maintenance (CAM) charges amount to Rs 12 per sq ft per month. This aligns with prevailing Grade A SEZ office benchmarks in Navi Mumbai.

Strategic Importance of Airoli

Airoli has emerged as a preferred destination for IT and IT-enabled services companies due to its SEZ ecosystem, competitive rentals, robust infrastructure, and strong connectivity to Thane, Navi Mumbai, and Mumbai via road and rail networks. Developments such as Mindspace SEZ have consistently attracted large corporate occupiers looking for scalable, high-quality office spaces.

This transaction highlights sustained occupier demand for Grade A office assets in established business parks. Tenants are increasingly prioritising long-term visibility, predictable lease structures, and operational efficiency.

Market Outlook

Large-format office leasing by established IT majors like Wipro signals renewed confidence in structured office environments, particularly in SEZs offering integrated infrastructure and compliance benefits. With a limited supply of high-quality spaces in prime micro-markets, Airoli remains a strong performer in Navi Mumbai’s commercial real estate landscape.

Recent Transactions

Airoli has witnessed steady commercial leasing activity in recent months, with large corporates opting for Grade A office spaces within SEZ developments. This highlights the micro-market’s attractiveness amid evolving workplace strategies across the Mumbai Metropolitan Region.

In a recent transaction, Prime Lohegaon Infraspaces LLP, a subsidiary of Pune-based Panchshil Realty, acquired Capgemini’s Knowledge Park in Airoli for ₹550 crore.

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Cognizant Renews 92,000+ Sq Ft Office Lease in Navi Mumbai in ₹40 Cr Deal

Cognizant Renews 92,000+ Sq Ft Office Lease in Navi Mumbai in ₹40 Cr Deal

Cognizant Technology Solutions India Pvt. Ltd. has renewed a large office lease in Navi Mumbai, reaffirming its long-term presence in one of Mumbai’s key IT hubs. According to property registration documents accessed by CRE Matrix, the IT services major has secured over 92,000 sq ft of commercial office space at Mindspace Business Park in Airoli for a total lease value of nearly ₹40 crore. The transaction highlights continued demand for Grade A office spaces in established technology parks.

Details of the Lease Renewal

Cognizant occupies the renewed office space across the second and sixth floors of Mindspace Business Park. The second floor measures around 45,000 sq ft, while the sixth floor exceeds 46,000 sq ft. Notably, the lease term is five years, with a lock-in period of three years.

Cognizant will start with a monthly rent of ₹62.70 lakh. The rent will escalate annually by 4.5%. The agreement also includes a two-month rent-free period from May 5, 2030, to July 4, 2030. In addition, the company will pay common area maintenance charges of ₹11 per sq ft per month.

Registration and Location Significance

The transaction was registered on December 12, 2025. Cognizant paid stamp duty of over ₹42 lakh and registration fees of ₹30,000 for the deal.

Meanwhile, Mindspace Business Park in Airoli continues to attract leading IT and technology firms. Owing to its strong infrastructure, reliable connectivity, and campus-style development, the location remains a preferred office destination. As a result, such large-scale renewals further strengthen Navi Mumbai’s position as a stable and mature commercial office market.

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Hrithik Roshan Leases Out Office Space in Pune’s Kharadi

Hrithik Roshan Leases Out Office Space in Pune’s Kharadi

Bollywood superstar Hrithik Roshan has recently leased out a prime office space in Pune’s thriving commercial hub, EON Kharadi. The office, spanning 9,209 sq ft, is located on the 8th floor of the World Trade Centre and has been rented out to Regus Ruby Business Centre for a tenure of 36 months. 

The leasing agreement, as per documents accessed through CRE Matrix, states that the property has been let out at a monthly rental of Rs 6.08 lakh. Additionally, the tenant has paid a security deposit of nearly Rs 11.88 lakh. The agreement includes an annual rental escalation of 5%, ensuring consistent appreciation in returns for the property owner.

Furthermore, Regus Ruby Business Centre will be paying Rs 13 per sq ft as maintenance charges every month, which will also increase by 5% annually. This additional income enhances the overall yield from the investment.

The transaction demonstrates a rising trend of Bollywood celebrities making active investments in commercial real estate. High-net-worth individuals are progressively diversifying their portfolios with premium office spaces, retail establishments, and mixed-use developments.

Investing in real estate promises capital growth over time in addition to rental income. Strategic investments like Hrithik Roshan’s lease at EON Kharadi are paying off because of the growing demand for Grade-A commercial spaces.

Recent Office Space Transactions in Pune

With the demand for premium workspaces surging in Pune, investments in well-located commercial properties continue to offer substantial financial rewards. As more celebrities and investors enter the sector, the commercial real estate market is set for sustained growth in the coming years.

In a recent transaction, co-working giant Awfis Space Solutions leased 1.97 lakh sq ft of office space in Pune’s Kharadi for 5 years. In another transaction, US-based CA Technologies Private Limited renewed its lease for a 1.08 lakh sq ft commercial space in the same locality. 

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Nielsen Media and Subsidiary Lease 1.52 lakh sq ft Office Space in Mumbai for ₹3.87 Crore Per Month for 10 Years

Nielsen_Media_and_Subsidiary_Lease_Office_Space_in_Mumbai

Nielsen Media India Private Limited and its subsidiary, Whats On India Media, signed a significant lease agreement for 1.52 lakh square feet of office space in Mumbai’s Goregaon. The office units are located in Commerze III, International Business Park, Oberoi Gardens in Goregaon East. Documents obtained from CRE Matrix revealed that the leasing agreement is for 10 years, with an initial monthly rent of ₹3.87 crore.

The property is strategically located along the Western Express Highway and is owned by Oberoi Realty. According to the documents accessed, Whats On India Media Private Limited has leased 39,852 square feet, including a portion of the terrace space. This deal comes with 42 parking spaces for cars and covers the 35th level of the building. 4 out of the 46 parking spaces would require payment at a rate of ₹5,000 per space. The company has paid a security deposit of ₹8.03 crore and the monthly rent for this area is ₹1.004 crore. The agreement was registered on July 9, 2024, with the license commencement date set for January 1, 2025.

In a separate transaction, Nielsen Media India Private Limited has leased the entire 36th, 37th, and 38th floors, along with a portion of the terrace, totaling approximately 1.124 lakh square feet. This lease involves a monthly rental of approximately ₹2.87 crore, accompanied by a security deposit of ₹22.9 crore. The rent for these three floors totals ₹255 per square foot per month. There are 122 free parking spots included in the lease, and 11 more parking spots can be leased for ₹5,000 per month.

These noteworthy lease agreements demonstrate the ongoing demand for upscale office space in Mumbai, especially in desirable areas like Goregaon East.

Recent Transactions for Office Spaces in Mumbai

Recent office space transactions in Mumbai highlight significant activity in the commercial real estate sector. In the latest transaction, Red Fox IT Infra LLP acquired 22 office units in the Times Square building at Marol in Mumbai for approximately Rs 267.5 crore. 

In another transaction, Bank of America leased two commercial units in Malad at a monthly rent of ₹91.5 lakh.

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