IBM, Walmart sign large office lease deals in Bengaluru

IBM will pay roughly ₹145 crore rent for 60 months lease period. “IBM India has an initial lease of around 1.62 lakh sq ft at Embassy GolfLinks ₹150 per sq ft reflects how global residents with GCC (global talent hub)-led operations continue to attach themselves to world-class Bengaluru office campuses, backed by a prolonged lock-in and a significant security deposit,” said Abhishek Kiran Gupta, Chief Executive Officer, CRE Matrix. “Such transactions emphasize choice of scale, long-term certainty, and established ecosystems that support mission-critical operations.”