Qualcomm India has leased 2.56 lakh sq. ft. at Bagmane Developers’ Constellation Business Park in Bengaluru. The five-year lease, valued at ₹184 crore, strengthens its presence in South India. The move aligns with the company’s broader India expansion strategy, amid rising demand for large-scale, Grade A tech office spaces across key metropolitan areas.
Qualcomm Deepens India Footprint with New Bengaluru Lease
In a significant real estate move, Qualcomm India has leased 2.56 lakh square feet at Constellation Business Park – Virgo, thereby expanding its already robust presence in South India. The deal, inked with Bagmane Developers Pvt. Ltd., commenced on October 1, 2025, covering the 5th, 6th, 7th, and 11th floors of the premium Bengaluru property — one of the city’s most prominent tech corridors.
According to data shared by Propstack, the five-year lease comes with a monthly rent of ₹113 per sq. ft., translating to ₹2.89 crore per month, with a total commitment of ₹184 crore. The agreement includes a ₹5 crore security deposit and a 15% rent escalation every three years, with rent payments commencing on August 1, 2026, and offering a rent-free phase to support Qualcomm’s operational ramp-up.
Part of a Larger Expansion Strategy
The Bengaluru lease adds to Qualcomm’s growing Indian portfolio as the company continues to consolidate its R&D and engineering operations across major metros. Its Hyderabad facility at K Raheja Corp’s Commerzone Madhapur, spanning 1.8 million sq. ft., remains its largest campus outside the U.S., reflecting a long-term commitment to India’s tech ecosystem.
Additionally, Qualcomm’s presence extends to Ramanujan IT Park in Chennai (2.6 lakh sq. ft.) and other Bengaluru sites such as Bagmane Capital – Angkor (6 lakh sq. ft.), indicating a layered expansion across the country’s leading tech hubs.
Tech Sector Fuelling India’s Office Market
This leasing activity mirrors broader trends in India’s commercial real estate. According to Colliers India, deals exceeding 100,000 sq. ft. accounted for 51% of total Grade A space leasing across the top seven cities in the first half of 2025, totalling 17.2 million sq. ft. The technology sector continues to dominate, representing 40% of total office leasing.
“The technology sector continues to demonstrate remarkable resilience, even amid global uncertainties,” said Arpit Mehrotra, Managing Director, Colliers India. “Since 2020, tech occupiers have leased close to 85 million square feet across India’s top cities, underpinning the sector’s pivotal role in commercial real estate.”
Bengaluru: The Heart of India’s GCC Ecosystem
The city’s tech hubs — particularly Outer Ring Road and Whitefield — remain magnets for global tech occupiers due to their strong infrastructure, connectivity, and large-format availability. The leasing surge is being driven by GCC expansions, AI-driven digital transformation, and a growing focus on flexible workspace solutions that enhance cost efficiency and workforce agility.
Qualcomm’s latest expansion reinforces this shift — a testament to India’s thriving talent ecosystem, its mature infrastructure, and the country’s growing stature as a strategic innovation hub for the global technology industry.
