Tata Consultancy Services (TCS) Acquires Land in Bengal Silicon Valley Tech Hub for ₹94 Crore
Tata Consultancy Services (TCS), a leading IT major, has acquired a 20-acre parcel of land in the Bengal Silicon Valley Tech Hub at New Town, Kolkata, for ₹94 crore through a long-term lease of over 99 years, according to documents accessed by Propstack.
Key Details of the Acquisition
- Land size: 20 acres
- Acquisition price: ₹94 crore
- Lease duration: Over 99 years
- Land allotment: West Bengal Housing Infrastructure Development Corporation (WBHIDCO)
TCS' Previous Office Leases
TCS has been actively expanding its office space in various cities across India. Here are some of its recent office leases:
Bengaluru
- September 2025: TCS leased about 17.52 lakh sq ft of commercial office space in Sattva Knowledge Point in Bengaluru for ₹975 crore rent over five years.
- Rate per sq ft: ₹87.73
- Security deposit: ₹25 crore
Electronic City, Bengaluru
- Last year: TCS signed one of Bengaluru's largest commercial real estate deals, leasing 1.4 million sq ft of office space for ₹2,130 crore over 15 years.
- Rate per sq ft: ₹66.5
- Security deposit: ₹112 crore
Chennai
- March 2025: TCS leased 6.3 lakh sq ft of office space in Chennai's Ozone Techno Park for ₹2.8 crore monthly rent.
- Location: Navalur
- Lease duration: Over 5 years
Hyderabad
- April 2025: TCS leased 10.18 lakh sq ft of office space in Hyderabad's financial district for ₹4.3 crore monthly rent.
- Location: Serlingampally Mandal
- Lease duration: Over 5 years