IBM Leases 2.83 Lakh Sq. Ft. Office Space in Bengaluru for 10 Years

Global technology company IBM is continuing to expand its office presence in India, leasing 2.83 lakh square feet of office space for 10 years at Radon Tower in Bagmane Solarium City, Bengaluru. According to property registration documents accessed by commercial real estate agency Propstack, the leased premises cover the ground floor and the first three floors. IBM will pay a starting monthly rent of ₹2.49 crore at ₹88 per square foot, with a 15% rent increase every three years. The company has also paid a security deposit of ₹14.96 crore to property owner Akruthi Infra-Build Developers Private Limited.

In addition to the regular rent, IBM will pay approximately ₹2.98 crore per month in fit-out rent for office interiors and infrastructure through March 2031. The fit-out component is estimated at ₹179 crore, taking the combined rental and fit-out expenditure to around ₹522 crore over the relevant periods. The lease commenced on February 5, 2026; the agreement was signed on May 29 and registered on October 1, according to reported documents. Earlier in 2026, IBM leased 2.30 lakh square feet in Gurugram, while it also has office operations in Hyderabad, including space at Divyasree Orion Campus in Gachibowli.