Topic
lease
Business TCS Renews 1.5 Million Sq Ft Chennai Lease Worth ₹1,420 Crore Over 10 Years
Tata Consultancy Services (TCS) has renewed its lease for nearly 1.5 million sq ft of office space at Chennai One IT SEZ in Thoraipakkam, committing an estimated ₹1,420 crore in rentals over 10 years, according to property analytics platform Propstack. The lease, effective November 1, 2025, covers 14.66 lakh sq ft across multiple towers in Blocks A and B, owned by IG3 Infra Ltd. The deal underscores TCS's long-term commitment to Chennai, one of its largest delivery and talent hubs for global IT services exports.
Business IndiQube Expands Chennai Footprint with 1.5 Lakh Sq Ft Office Lease in Perungudi
IndiQube Spaces Ltd has signed a 15-year lease for 151,462 sq ft of office space in Chennai's Perungudi locality at a monthly rent of ₹64 per sq ft, with total rental commitment estimated at ₹235 crore. The move underscores rising demand for flexible office solutions from enterprises and startups in Chennai's OMR corridor.