TCS Leases 6.3 Lakh Sq Ft in Chennai for Rs 28 Mn Monthly
Real Estate

TCS Leases 6.3 Lakh Sq Ft in Chennai for Rs 28 Mn Monthly

Tata Consultancy Services Ltd (TCS) has leased 630,000 square feet of office space at Ozone Techno Park in Navalur, Chennai, at a monthly rent of Rs 28 million, according to documents accessed by property analytics firm Propstack.

The lease, which spans seven floors, commenced on 15 March 2025, and has a ten-year tenure with a three-year lock-in period until March 2028. The landlord for the property is Platinum Holdings Pvt Ltd, and TCS has reportedly paid a security deposit of Rs 255 million.

The rent is priced at Rs 45 per sq ft per month, with a 12 per cent escalation every three years. The premises includes 631 parking spaces, covering stilt and surface parking.

Email queries have been sent to both TCS and Platinum Holdings for comment. Responses were awaited at the time of publication.

This lease follows several large-scale commercial real estate transactions in Chennai’s booming IT corridors. In January, Walmart leased 460,000 sq ft in International Tech Park, Chennai, for Rs 32.6 million per month, with a deposit of Rs 195.5 million.

In March, Cognizant sold its India headquarters on Old Mahabalipuram Road (OMR) to Bagmane Constructions for Rs 6.12 billion, according to JLL, which facilitated the deal. The site spans 590,000 sq ft or 13.6 acres.

Previously, in August 2024, LTI Mindtree leased 585,000 sq ft in Manapakkam, Chennai, for a monthly rent of Rs 39.8 million.

These transactions highlight Chennai’s continued emergence as a key commercial and IT hub, particularly in suburbs along OMR and surrounding tech corridors.

Tata Consultancy Services Ltd (TCS) has leased 630,000 square feet of office space at Ozone Techno Park in Navalur, Chennai, at a monthly rent of Rs 28 million, according to documents accessed by property analytics firm Propstack.The lease, which spans seven floors, commenced on 15 March 2025, and has a ten-year tenure with a three-year lock-in period until March 2028. The landlord for the property is Platinum Holdings Pvt Ltd, and TCS has reportedly paid a security deposit of Rs 255 million.The rent is priced at Rs 45 per sq ft per month, with a 12 per cent escalation every three years. The premises includes 631 parking spaces, covering stilt and surface parking.Email queries have been sent to both TCS and Platinum Holdings for comment. Responses were awaited at the time of publication.This lease follows several large-scale commercial real estate transactions in Chennai’s booming IT corridors. In January, Walmart leased 460,000 sq ft in International Tech Park, Chennai, for Rs 32.6 million per month, with a deposit of Rs 195.5 million.In March, Cognizant sold its India headquarters on Old Mahabalipuram Road (OMR) to Bagmane Constructions for Rs 6.12 billion, according to JLL, which facilitated the deal. The site spans 590,000 sq ft or 13.6 acres.Previously, in August 2024, LTI Mindtree leased 585,000 sq ft in Manapakkam, Chennai, for a monthly rent of Rs 39.8 million.These transactions highlight Chennai’s continued emergence as a key commercial and IT hub, particularly in suburbs along OMR and surrounding tech corridors.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?