IBM India Signs Lease for 2.83 Lakh Sq Ft at Bagmane Tech Park, Bengaluru

IBM India Ltd., a wholly owned Indian subsidiary of the multinational technology company headquartered in the United States, has taken a 283,321 sq. ft. lease in Bagmane Solarium City. Situated in the Whitefield-Brookefield micro-market of Bengaluru, Solarium City is a technology park. Documents pertaining to the acquisition indicate that the tech major will commence a new lease on February 5, 2026.

The chargeable area will be rented out for a total of INR 2,49,32,248 per month at a rate of INR 88 per square foot. A security deposit of INR 14.96 crore is required at the beginning of the 10-year deal, and every three years, the rent will increase by 15%. Akruthi Infra-Build Developers Private Limited has leased the bottom three stories of the Radon Tower at the tech park to IBM.

IBM Spreading its Wings in India

Additionally, IBM will cover the fit-out rent of approximately 2.98 crore rupees every month for a period of five years, up until March 2031, bringing the total fit-out rent to 179 crore Indian rupees. Located in Sector 59, Gurugram, Tata Realty and Infrastructure's Intellion Park offers 230,000 square feet of office space, which the business leased earlier this year. Ahmedabad, Bengaluru, Delhi, Kolkata, Mumbai, and Noida are among the major metropolitan locations where the corporation now has facilities.

This agreement follows a recent analysis from real estate firm Knight Frank India, which found that office leasing numbers in India remained stable in the first nine months of 2026 (9M CY2026). Hence, mirroring levels observed during the same period last year. A total of 66.7 million square feet (msf) were transacted in the eight primary markets mentioned in the study.

IBM Partners With OpenAI

On August 13th, IBM and OpenAI announced their strategic alliance to aid businesses in achieving their goals through the large-scale deployment of artificial intelligence (AI) in their most fundamental processes and workflows. Concurrently, the collaboration will enhance cyber resilience and defence with initiatives such as OpenAI Daybreak. Among the many things that the two companies will be doing together is developing solutions tailored to certain industries, such as retail, government, telecommunications, and financial services.

In addition, it will provide assistance to critical business areas, including HR, customer operations, procurement, and finance. By integrating OpenAI frontier models (such as GPT-5.6) and products (such as Codex and ChatGPT Work) into IBM Consulting Advantage, a client-facing AI platform, the two companies aim to assist businesses in safely deploying AI on a large scale, generating tangible business results, and developing innovative business models. According to IBM Consulting managing partner Mike Healy, who spoke to a media house, the agreement states that IBM will create an OpenAI practice within IBM Consulting and train and certify thousands of consultants.