IBM India Leases 2.3 Lakh Sq Ft Office Space in Gurugram for ₹180 Crore

Gurugram continues to attract large global companies for office expansion. Strong infrastructure, modern business parks, and good connectivity make the city a preferred office market. In a recent transaction, IBM India has leased a large office space in Gurugram. The deal shows that demand for premium office space in NCR remains strong, especially from technology companies.

IBM India Private Limited has leased around 2.3 lakh square feet of office space in Gurugram. The lease is for a long period of 10 years, with a total rental value of about ₹180 crore. The transaction details were confirmed through property documents accessed by Propstack.

The lease started on September 22, 2025.

The office space is located at Intellion Park in Sector 59, Gurugram. IBM has taken floors 7 to 12 in Tower 4 of the business park. Intellion Park is known for its large floor plates and modern office infrastructure, which suits companies with large teams.

The landlord for this transaction is Mikado Realtors Private Limited, a Tata Group company under Tata Realty and Infrastructure Limited.

The total chargeable area leased by IBM is about 2,30,378 square feet. The monthly rent is around ₹1.25 crore, which works out to approximately ₹54.5 per square foot per month.

The lease agreement includes a rent increase of 15 percent every three years. IBM has also paid a security deposit of ₹18.43 crore as part of the agreement.

The deal includes 307 car parking spaces for IBM employees. In addition, IBM will have access to 150 seats in the food courts located in Towers 3 and 4 of the same complex. These facilities support large employee strength and improve daily workplace convenience.

Gurugram is one of the strongest office markets in India. It has direct road access, proximity to Delhi, and a large supply of Grade A office buildings. Areas like Sector 59 have become key office hubs due to planned development and availability of modern commercial spaces.

This makes Gurugram attractive for companies looking for long-term office consolidation.

Intellion Park has seen strong leasing activity in recent months. Apart from IBM, Zomato’s parent company leased a large office space in the same park earlier. Together, these two deals alone account for nearly half a million square feet of office space absorption.

This shows strong demand for large, ready-to-move office spaces in NCR.

Several global and Indian companies have leased office space in Gurugram over the past year. Technology firms, aerospace companies, and flexible workspace operators have all shown interest.

These transactions confirm that Gurugram continues to be a preferred destination for long-term office leases, especially for companies needing large teams under one roof.

IBM’s 10-year lease shows that large companies are confident about India’s office market. Long-term leases suggest stability and a clear business outlook. For developers and investors, such deals improve confidence in the commercial real estate sector.

It also highlights the importance of premium office corridors that offer quality infrastructure and flexibility.

Large office leases help support local employment and business activity. They also improve the value of surrounding commercial properties. With more global companies choosing Gurugram, the city is expected to remain a key office hub in NCR.

IBM India has leased 2.3 lakh square feet of office space at Intellion Park in Gurugram for a period of 10 years, with a total rent of about ₹180 crore. The deal highlights strong demand for premium office space in NCR. Located in Sector 59, the office offers modern infrastructure, parking, and employee facilities. The transaction reflects continued confidence by global technology firms in Gurugram’s long-term commercial real estate growth.