Qualcomm India has secured a lease for 256,000 square feet of office space in Bengaluru, marking another significant move for the technology behemoth in India.
A lease document obtained from Propstack indicates that this deal, established with Bagmane Developers Private Limited at Constellation Business Park – Virgo, commenced on October 1, 2025. It spans the 5th, 6th, 7th, and 11th floors of this premium commercial facility, situated in one of Bengaluru’s prime tech areas.
The agreement details a five-year lease with a rental rate of ₹113 per square foot, amounting to ₹2.89 crore monthly and a total commitment of ₹184 crore throughout the lease duration. An initial security deposit of ₹5 crore is included, along with a 15% rent escalation every three years.
Rent payments are set to begin on August 1, 2026, allowing for a rent-free period that is likely designed to facilitate Qualcomm’s phased operational ramp-up in the new space.
This recent leasing activity contributes to Qualcomm’s growing presence in the vibrant commercial real estate market in India, especially in South India, which remains a focal point for office leasing in the tech sector.
Qualcomm’s document highlights that this Bengaluru lease reflects a broader trend of technology companies securing large, scalable Grade A office spaces to accommodate rapid growth, digital innovation, and Global Capability Centres (GCCs).
In recent years, Qualcomm has made notable office space investments across India’s leading tech hubs. Their lease in Hyderabad exceeds 1.8 million square feet at K Raheja Corp’s Commerzone Madhapur project, recognized as the company’s largest office setup outside the US. This Hyderabad lease spans 15 years and emphasizes Qualcomm’s strategy to bolster its engineering, R&D, and IT operations in India’s burgeoning tech landscape. Additionally, Qualcomm has leased 260,000 square feet in Chennai’s Ramanujan IT Park and over 600,000 square feet in various locations in Bengaluru, including Bagmane Capital – Angkor, indicating strategic growth across multiple cities.
The new Bengaluru lease is in harmony with the robust growth trajectory of India’s commercial office market. Large-scale transactions exceeding 100,000 square feet have been significant drivers of Grade A space uptake over the past five years. In the first half of 2025, such deals constituted 51% of total leasing activity across the top seven Indian cities, amassing 17.2 million square feet, according to Colliers India.
The technology sector remains the primary engine for office leasing in India, accounting for nearly 40% of Grade A leasing during the first half of 2025. Major firms, including Amazon, Qualcomm, Salesforce, and TCS, are securing large floor plates to bolster their long-term growth strategies. The leasing volume for sizable deals rose from 6.4 million square feet in 2023 to 8.7 million square feet in 2024, continuing its momentum in the first half of 2025.
“The tech sector continues to showcase exceptional resilience against global uncertainties,” remarked Arpit Mehrotra, managing director at Colliers India. “Since 2020, tech entities have leased nearly 85 million square feet in India’s premier cities, underscoring the sector’s crucial role in commercial real estate.”
This leasing boom is fueled by substantial GCC expansions, AI-driven digital transformation initiatives, and a robust confidence in India’s wealth of talent and improving infrastructure. Tech companies also spearhead the demand for flexible workspaces, allowing for cost efficiency and adaptable workforce arrangements in cities like Bengaluru and Hyderabad.
Tech hubs along Bengaluru’s Outer Ring Road and Whitefield are particularly appealing to major occupiers due to excellent connectivity, robust IT ecosystems, and the availability of ample large floor plates, especially amidst evolving global tech strategies, increasing GCC establishments, and the rising adoption of AI and cloud technologies.
