Qualcomm India expands Bengaluru presence with 2.56 lakh sq ft lease

Qualcomm India has leased 2.56 lakh square feet of office space in Bengaluru, further expanding the technology giant’s footprint in India.

According to a registered lease document shared by Propstack, the deal at Constellation Business Park – Virgo, inked with Bagmane Developers Private Limited, started on October 1, 2025, and covers the 5th, 6th, 7th, and 11th floors of the premium commercial property located in one of Bengaluru’s sought-after tech corridors.

“The lease tenure spans five years with a monthly rent of Rs 113 per square foot, translating to Rs 2.89 crore per month and a total commitment of Rs 184 crore over the lease period,” it mentioned.

The lease agreement includes Rs 5 crore as a security deposit and features a rent escalation of 15% every three years.

“The rent payments will start from August 1, 2026, providing a rent-free period that likely supports Qualcomm’s phased operational scale-up within the space,” the document the data analytics firm shared said.

This fresh lease adds to Qualcomm's expanding presence in India's bustling commercial real estate market, particularly in South India, which continues to be the epicentre for technology-sector office leasing.

The company’s document said the Bengaluru lease was part of a broader trend of tech firms locking in large, scalable Grade A office spaces to support fast-growing operations, digital innovation, and Global Capability Centres (GCCs).

Recent years have seen Qualcomm making significant office space acquisitions across India’s top tech hubs. In Hyderabad, Qualcomm holds a lease of over 1.8 million square feet in K Raheja Corp’s Commerzone Madhapur project, identified as the company’s largest office set-up outside the US.

This Hyderabad deal, inked for a 15-year term, underscores Qualcomm’s strategic focus on consolidating and expanding its engineering, R&D, and IT operations in India’s emerging tech markets. Additionally, Qualcomm has leased 2.6 lakh square feet in the Ramanujan IT Park in Chennai, and over 6 lakh square feet in other Bengaluru locations, including Bagmane Capital – Angkor, suggesting layered growth in multiple cities.

Qualcomm's Bengaluru lease aligns with the overall robust growth of India’s commercial office market. Large-sized transactions over 100,000 square feet have driven the majority of Grade A space uptake over the past five years. In the first half of 2025 alone, deals of this size accounted for 51% of the total leasing activity across India’s top seven cities, totalling 17.2 million square feet, according to Colliers India.

The technology sector remains the dominant driver of office leasing in India, accounting for nearly 40% of Grade A leasing in H1 2025. Industry giants such as Amazon, Qualcomm, Salesforce, and TCS continue to secure large floor plates to support long-term growth plans. Leasing volume for large-sized deals climbed steadily from 6.4million square feet in 2023 to 8.7 million square feet in 2024, with continued momentum in the first half of 2025.

“The technology sector continues to demonstrate remarkable resilience, even amid global uncertainties,” said Arpit Mehrotra, managing director at 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.”

The leasing surge is underpinned by strong GCC expansions, AI-led digital transformation initiatives, and deep confidence in India’s vast talent pool and improving infrastructure. Tech firms also lead flexible workspace demand, with flexible arrangements enabling cost optimization and workforce agility in cities like Bengaluru and Hyderabad.

Bengaluru’s Outer Ring Road and Whitefield tech hubs continue attracting major tech occupiers due to superior connectivity, strong IT ecosystems, and the availability of large floor plates—given ongoing shifts in global tech strategies, rising GCC counts, and growing adoption of AI and cloud technologies.