MUMBAI: Tata Consultancy Services (TCS) has acquired a 20-acre land parcel in the Bengal Silicon Valley Tech Hub at New Town, Kolkata, for Rs 94 crore through a long-term lease spanning over 99 years.
The West Bengal Housing Infrastructure Development Corporation (WBHIDCO), the government agency overseeing the development of New Town as a tech and urban hub, has allocated this land to TCS.
The plot allocation took place on March 22, 2023, and the transaction agreement was signed on January 9, 2026, according to documents obtained from Propstack, a realty data analytics firm.
This land has been leased to TCS with perpetual development rights, designated exclusively for commercial office use or to establish an IT/IT-enabled services (IT/ITES) institution.
This acquisition highlights TCS’s ongoing expansion in eastern India, particularly in Kolkata’s developing New Town area, recognized as a significant tech and business district by the state government. The Bengal Silicon Valley Tech Hub aims to attract major domestic and international technology companies.
As a condition of the land allotment, TCS must complete construction and begin commercial operations within 36 months from the allotment date, in line with WBHIDCO’s strategy for timely development of land parcels within the tech hub.
RealtyDailyNews’s email inquiry to TCS was unanswered by the time of publication.
New Town has increasingly become a favored location for IT and office tenants, bolstered by planned infrastructure, proximity to the airport, and ample availability of large land parcels—resources that are limited in more developed areas of Kolkata.
TCS already has a strong presence in Kolkata, and this latest land acquisition is expected to enhance its delivery capabilities and workforce in the region. This move underscores the company’s long-term dedication to expanding its campus-style projects across major Indian cities.
This transaction reflects the ongoing demand for sizeable land parcels from institutional tenants, even as India’s office market adapts with a mix of expansion, consolidation, and shifts in strategic locations.
