IBM signs ₹143 crore lease for 830,000 sq ft at Embassy REIT property

IBM has renewed a major lease for 830,000 square feet at Embassy Golf Links Business Park in Bengaluru, with an annual rental of ₹143 crore. This long-term agreement, one of the year's largest office transactions, includes a 10-year term with escalating rent provisions. The move strengthens IBM’s position in a key market, contributing significantly to Embassy REIT’s rental revenue. Despite the rise of remote work, the office leasing market in India continues to grow, reflecting strong demand from major corporations.