IBM has signed lease agreements for 500,000 square feet of office space in a special economic zone in Bengaluru.
The company will pay a base rent of ₹52 per sq. ft. with a 15-year lock-in period for the upcoming project. IBM plans to use the space in Bhartiya City to consolidate its operation in Bengaluru.
The developer will be doing the fit outs for IBM, which plans to use the space in Bhartiya City to consolidate its operation in Bengaluru.
Bhartiya City is an integrated business park with 3 million sq. ft. of office development.
The project comprises SEZ and non-SEZ portions too. IBM is also in talks with the builder for an additional 200,000 sq. ft. in the non-SEZ portion.
In 2020, IBM had renewed 6, 25,000 sq. ft. of office space in Manyata Tech Park in Bengaluru .
