IBM India leases 2.83 lakh sq ft office space in Bengaluru for 10 years
IBM India leased 2.83 lakh sq ft of office space at Radon tower in Bengaluru for 10 years, committing ₹522 crore in total rental and fit-out costs. The lease includes a monthly base rent of ₹2.49 crore with a 15% escalation every three years. This move underscores Bengaluru's importance as a hub for multinational companies seeking large office spaces.