{"id":1255,"date":"2025-12-18T10:50:59","date_gmt":"2025-12-18T05:20:59","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=1255"},"modified":"2026-02-06T12:36:07","modified_gmt":"2026-02-06T07:06:07","slug":"ibm-leases-1-62-lakh-sq-ft-at-embassy-golflinks-bengaluru-for-%e2%82%b92-4-cr-monthly-rent","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/ibm-leases-1-62-lakh-sq-ft-at-embassy-golflinks-bengaluru-for-%e2%82%b92-4-cr-monthly-rent\/","title":{"rendered":"IBM Leases 1.62 Lakh Sq Ft at Embassy Golflinks, Bengaluru for \u20b92.4 Cr Monthly Rent"},"content":{"rendered":"\n

In one of the largest commercial leasing transactions of 2025, IBM India Pvt. Ltd. has leased 161,884 sq ft of Grade-A office space at Embassy Golflinks Business Park (EGL), Bengaluru. According to documents accessed by CRE Matrix<\/a>, the transaction was registered on 23 September 2025. <\/p>\n\n\n\n

Transaction Structure and Financial Terms<\/strong><\/h3>\n\n\n\n

IBM India Pvt. Ltd., the licensee in the transaction, has leased a total built-up area of 161,884 sq ft. The starting monthly rent is \u20b92,42,82,600, translating to \u20b9150 per sq ft. The company has paid a security deposit of \u20b914,56,95,600 for the lease. This runs for a total tenure of 60 months with a lock-in period of 36 months. The agreement also provides IBM with 216 car parking slots at a charge of \u20b94,526.70 per slot. IBM was scheduled to take possession on 17 April 2025, followed by a 45-day rent-free fit-out period before full rent commences.<\/p>\n\n\n\n

Fit-Out Terms Highlight Long-Term Occupation Strategy<\/strong><\/h3>\n\n\n\n

The lease includes a detailed fit-out arrangement that reflects a large-scale and long-term workspace buildout. During the fit-out phase, IBM will pay a fit-out rent of \u20b963.09 per sq ft and has furnished a fit-out security deposit of \u20b96,12,79,569. This is equivalent to six months of fit-out charges. Major technology and consulting firms typically use such commercial terms when they make substantial investments in customized office infrastructure. They do this to support delivery, engineering, and innovation-led teams.<\/p>\n\n\n\n

Prime Campus Location Strengthens EGL\u2019s Market Position<\/strong><\/h3>\n\n\n\n

IBM has leased space across Unit 3 and Unit 4 on the third floor and Unit 1 and Unit 2 on the fourth floor of the Pine Valley block at Embassy Golflinks, Challaghatta. Positioned between Koramangala and Old Airport Road, Embassy Golflinks Business Park remains one of India\u2019s most sought-after integrated technology campuses. <\/p>\n\n\n\n

The park continues to attract Fortune 500 occupiers across IT services, BFSI, cybersecurity, research and development, and consulting sectors. IBM\u2019s high-value lease further reinforces the sustained demand for Grade-A office spaces in Bengaluru. Furthermore, it highlights the city\u2019s continued importance as a global technology and business hub.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/em><\/h4>\n\n\n\n