Morgan Stanley Advantage Services has leased around 1.6 lakh sq. ft. of office space at Brookfield’s Ecoworld in Bengaluru for nearly five years at a monthly rent of ₹1.92 crore. The deal reflects strong BFSI and GCC-led demand along the Outer Ring Road, reinforcing Bengaluru’s status as a global offshore hub.
Morgan Stanley Advantage Services Private Limited has leased approximately 1.6 lakh sq. ft. of office space at Ecoworld, a premium business park on Bengaluru’s Outer Ring Road–Sarjapur corridor. The lease spans nearly 5 years and carries a monthly rental of about ₹1.92 crore, according to property registration documents accessed by Propstack.
The leased space covers the 8th and 9th floors of the building, with a total chargeable area of 1,58,533 sq. ft. The 8th floor measures 79,618 sq. ft., while the 9th floor spans 78,914 sq. ft. The lease commenced on January 10, 2026, with the tenant paying a monthly rent of ₹121 per sq. ft.
Lease Structure and Commercial Terms
In addition to the base rent, Morgan Stanley Advantage Services has paid a security deposit of approximately ₹11.89 crore. The agreement includes a 15% rent escalation every 3 years, in line with prevailing market norms for Grade A commercial assets. The tenant will also pay an additional ₹6.3 lakh per month for 158 car parking spaces, further underlining the scale of the transaction.
According to the lease documents, the tenant will use the space for computer software, IT-enabled services, and financial services operations. The transaction is a new lease, not a renewal, reflecting continued expansion by global financial institutions in India.
Outer Ring Road Remains a Prime Office Destination
The Outer Ring Road–Sarjapur corridor continues to be Bengaluru’s most preferred office micro-market, driven by sustained demand from global capability centres, technology firms, and multinational BFSI players. Its strong infrastructure, access to skilled talent, and large-format office campuses make it a top choice for global occupiers.
Commenting on the transaction, Raja Seetharaman, co-founder of Propstack, said, “Bengaluru’s status as a critical offshore hub for global finance is evident in this lease. The Outer Ring Road’s ability to command higher rentals while retaining large BFSI clients highlights the value of its ecosystem, a combination of deep talent, infrastructure, and high-quality office spaces.”
Brookfield’s Growing Office Portfolio in India
Ecoworld is part of Brookfield Properties’ Indian portfolio and was originally developed by RMZ. In 2020, RMZ divested a significant portion of its real estate assets to Brookfield Asset Management in a landmark $2 billion transaction, the largest-ever in India’s real estate sector. The deal included 12.8 million sq. ft. across Bengaluru, Chennai, and Pune, along with the CoWrks co-working platform.
Ecoworld remains one of the crown jewels of that portfolio, with Brookfield acquiring 6.7 million sq. ft. of the 14 million sq. ft. development.
Large Transactions Signal Market Confidence
The Morgan Stanley deal follows a series of large commercial real estate transactions by global occupiers. Last year, the firm leased one million sq. ft. in Mumbai at a starting monthly rent of ₹15.96 crore, while companies like Qualcomm and Amazon have also committed to sizeable long-term leases in Bengaluru.
Together, these transactions point to strong occupier confidence in India’s office market, particularly in premium business districts that support hybrid work, scalability, and long-term growth.
