Qualcomm India has leased 2.56 million square feet of office space in Bengaluru, further expanding the tech giant’s footprint in India.According to a registered lease document shared by Propstack, the deal at Constellation Business Park – Virgo, signed with Bagmane Developers Private Limited, commenced on October 1, 2025 and covers the 5th, 6th, 7th and 11th floors of the premium commercial real estate located in one of Bengaluru’s sought-after tech corridors.
“The lease period covers five years with a monthly rent of Rs 113 per sq ft, which translates to Rs 2.89 crore per month and a total liability of Rs 184 crore over the lease period,” the report said.
The lease agreement includes Rs 5 crore as security deposit and provides for 15% rent escalation every three years.“Rental payments will commence from August 1, 2026, providing a rent-free period that is likely to support Qualcomm’s phased operational scale-up within the space,” the document shared by the data analytics company said.
This new lease adds to Qualcomm’s growing presence in India’s vibrant commercial real estate market, especially in South India, which continues to be the epicenter for office leasing in the technology sector.
The company’s document said the lease in Bengaluru is part of a broader trend of tech companies capturing large, scalable Class A office spaces to support high-growth operations, digital innovation and Global Capability Centers (GCCs).
In recent years, Qualcomm has seen significant acquisitions of office space in India’s major technology hubs. In Hyderabad, Qualcomm has a 1.8 million square foot lease in K Raheja Corp’s Commerzone Madhapur project, considered the company’s largest office building outside the US.
This deal in Hyderabad, signed for a term of 15 years, underlines Qualcomm’s strategic focus on consolidating and expanding its engineering, R&D and IT activities in India’s emerging technology markets. Additionally, Qualcomm has leased 2.6 million sq ft in Ramanujan IT Park in Chennai, and over 6 million sq ft in other locations in Bengaluru, including Bagmane Capital – Angkor, indicating multi-tiered growth across multiple cities.
Qualcomm’s lease in Bengaluru is in line with the overall robust growth of the Indian commercial office market. Large transactions of over 100,000 square feet have driven most of the absorption of prime space over the past five years. In the first half of 2025 alone, deals of this size accounted for 51% of total leasing activity in India’s seven largest cities, totaling 17.2 million square feet, Colliers India said.
The technology sector remains the dominant driver of office leasing in India, accounting for nearly 40% of Class A leasing in the first half of 2025. Industry giants such as Amazon, Qualcomm, Salesforce and TCS continue to secure large floorplates to support long-term growth plans. Leasing volume for major deals increased steadily from 6.4 million square meters in 2023 to 8.7 million square meters in 2024, with continued momentum in the first half of 2025.
“The technology sector continues to show remarkable resilience even amid global uncertainties,” said Arpit Mehrotra, managing director at Colliers India. “Since 2020, technology users have leased nearly 85 million square feet across India’s major cities, supporting the sector’s critical role in commercial real estate.”
The rental revenue growth is supported by strong GCC expansion, AI-led digital transformation initiatives and deep confidence in India’s vast talent pool and improving infrastructure. Technology companies are also leading the demand for flexible workspace, with flexible arrangements enabling cost optimization and workforce agility in cities such as Bengaluru and Hyderabad.
Bengaluru’s Outer Ring Road and Whitefield technology hubs continue to attract major technology users due to its superior connectivity, strong IT ecosystems and availability of large floor plates – given the ongoing shifts in global technology strategies, the rising number of GCCs and increasing adoption of AI and cloud technologies.
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