TVS Motor Leases 5.29 Lakh Sq Ft Office Space in Bengaluru for 10 Years

By The Realty Times | Real Estate News Services

Bengaluru: TVS Motor Company has leased approximately 5.29 lakh sq ft of office space at Gardencity IT Park in Bengaluru’s Hebbal area for a period of 10 years, in one of the city’s significant recent corporate office leasing transactions.

According to reports, the lease commenced on September 22, 2026, and the monthly rent is estimated at around ₹4.7 crore. The transaction was registered last week, with Hebbal Infraspace Pvt Ltd, owned by Gardencity, identified as the landlord. Real estate consultancy Colliers India advised on the transaction.

The large office lease is understood to be part of TVS Motor’s strategy to consolidate its existing office operations and expand its footprint in Bengaluru.

The 10-year commitment indicates a long-term requirement for substantial office space as the company continues to strengthen its operations. TVS Motor, headquartered in Chennai, has manufacturing facilities in locations including Hosur, Mysore and Solan, along with sales and other offices across India.

The deal comes at a time when Bengaluru continues to record strong demand for commercial office space. The city recorded 15.7 million sq ft of office leasing during the first nine months of 2026, representing a 12% year-on-year increase. Bengaluru accounted for around 29% of office leasing across India's top seven cities during the period, according to Colliers India data cited in the report.

The city also added around 14.1 million sq ft of new office supply during the first nine months of 2026, up 19% year-on-year.

The TVS Motor transaction highlights the continued demand for large-format office spaces from major corporate occupiers. Areas such as Hebbal are increasingly attracting companies looking for sizeable, well-connected commercial developments outside Bengaluru’s traditional central business districts.

The transaction also reflects a broader trend of companies committing to longer leases while consolidating workplaces and planning for future expansion.