Qualcomm signs Rs 184 crore office lease in Bengaluru

Qualcomm signs ₹184 crore office lease in Bengaluru

Qualcomm India Private Limited has leased office space worth Rs 184 crore over five years at Constellation Business Park – Virgo, developed by Bagmane Developers Private Limited, in Bengaluru.

According to data from Propstack, the fresh lease covers 256,167 square feet across the 5th, 6th, 7th and 11th floors of the building. The agreement starts on 1 October 2025, with rent payments commencing from 1 August 2026.

The monthly rent is set at Rs 113 per sq ft, amounting to Rs 2.89 crore per month, with a 15 percent escalation every three years. Qualcomm has placed a security deposit of Rs 5 crore for the five-year tenure.

Constellation Business Park – Virgo is part of Bagmane Developers’ office portfolio located in Doddanekkundi, Bengaluru.

The Qualcomm deal comes amid a series of large office leases signed in the city in recent months. Apple India recently took up about 2.7 lakh sq ft at Embassy Zenith on a 10-year lease valued at over Rs 1,000 crore, while Tata Consultancy Services (TCS) leased around 14 lakh sq ft at 360 Business Park in Electronic City in a Rs 2,130 crore agreement for 15 years.

These transactions highlight continued occupier confidence in Bengaluru’s premium office market, which remains India’s most active hub for large-scale technology leasing.