Jaguar Land Rover Technology and Business Services India (JLRTBSI) has expanded their presence in Bengaluru by leasing an office area of additional area of 146,000 sq ft at Brigade Tech Gardens. They will be paying a monthly rent of approximately ₹1.67 crore for a period of five years, as per the details accessed by Propstack. The total rental value for the five years is estimated to be around ₹106 crores.
As a result of this extension, JLR is now spreading over an area of more than 2.04 lakh sq ft at the prestigious office campus, a joint venture between Brigade Group and GIC. The newly leased areas consist of the ground and first-floor portions, as well as the fifth and eighth floors. Rental agreements for these spaces commenced in May and December 2024, respectively, while rent commencement dates are in October and December 2024.
Additionally, the agreement features a ₹10.10 crore security deposit and a 15% rent escalation every three months. Furthermore, according to Propstack, Jaguar is incurring a fit-out rent of ₹65.95 lakh for the 67,065 sq ft block, which comes to ₹98.35 per sq ft per month.
“This major deal by a marquee brand like Jaguar Land Rover underscores the immense confidence global companies have in Bangalore as a premier GCC hub. This lease is part of a larger, significant wave of GCC activity we're tracking, as firms commit to large-scale, long-term operations in top-tier properties,” said Raja Seetharaman, Co-Founder of Propstack.
JLRTBSI, the Indian technology and business services arm of Jaguar Land Rover, is the company’s capability and technology hub in India that extends support to business operations across different functions. The move is indicative of the strong and sustained demand for top-notch office space by multinational corporations in Bengaluru, and is a testimony to the city’s position as a preferred destination for Global Capability Centres (GCCs) and tech-driven enterprises.
Brigade Tech Gardens located in Brookfield, Bengaluru is an expansive Grade-A office campus that is heavily catered to the needs of GCCs and technology companies. The campus has flexible warm-shell and built-to-suit options along with modern infrastructure and strategic connectivity that make it a perfect choice for a company looking for a scalable office space.
Bengaluru has become the hotspot of large-scale office deals in the recent past. Early this year, the city witnessed one of the largest transactions when IT giant Tata Consultancy Services (TCS) signed a lease for 1.4 million sq ft for ₹2,130 crore for 15 years. In the same manner, Google launched its 1.6 million sq ft Ananta campus in Mahadevapura, Bangalore, which is now the company's largest office space in India. Apple India Pvt Ltd also took a lease of about 2.7 lakh sq ft at Embassy Zenith for ten years, with the monthly rent crossing ₹6 crores, thereby setting a new benchmark in Bangalore's commercial real estate sector.
As per Colliers India, Global Capability Centres (GCCs) have consumed approximately 100 million sq ft of office space across the seven largest cities in India since 2021. Out of this, Bengaluru and Hyderabad together contribute more than 60 million sq ft. The demand is a testimony to the city not only being a technology hub but also its increasing role in the field of global engineering, design, and manufacturing operations.
Industry experts are of the opinion that the Jaguar Land Rover lease is an indication of the growing trust in Bengaluru among multinational companies for business operations in the long run. It not only strengthens the city’s position as a leading GCC hub but also shows that there is a high demand for modern office infrastructure which enhances operational efficiency and employee experience.
The deal is an indication that Bengaluru is still on the top of the list of places where companies want to expand or consolidate their operations in India, With its great location, flexible spaces, and up-to-date facilities, Brigade Tech Gardens is the perfect match for the requirements of global companies like Jaguar Land Rover.
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