Archive · 15 Sep 2025
BlackRock Leases Bengaluru Office Space for ₹410 Crore
BlackRock, an investment firm, has leased a large office space in Bengaluru.
The 10-year lease agreement is for 1.43 lakh sq.
ft.
in the Indiqube Symphony building, starting October 2025.
The monthly rent is ₹2.72 crore, with a total commitment of ₹410 crore, and a 5% annual increase.
The office space is located on MG Road.
The deal reflects the growth of office space leasing in Bengaluru, which has the largest share of Grade A office space in India.
Other companies, such as TCS and Apple, have also recently leased office space in the city.
BlackRock Services India signed a lease for 1.43 lakh sq. ft. of office space in Bengaluru.
The lease is for 10 years, commencing on October 1, 2025.
Monthly rent is ₹2.72 crore, with a total commitment of ₹410 crore.
The office is located at KNG Tower 1 (Indiqube Symphony), MG Road, Bengaluru.
Bengaluru continues to lead office space leasing in India.
- Who
- BlackRock Services India
- What
- Signed a lease for office space in Bengaluru.
- When
- The 10-year lease commences on October 1, 2025.
- Where
- KNG Tower 1 (Indiqube Symphony), MG Road, Bengaluru
- Why
- No specific reason is stated, but it indicates expansion in the Bengaluru office market.
- Company
- BlackRock Services India
- Lease Agreement
- 10-year lease
- Location
- KNG Tower 1 (Indiqube Symphony), MG Road, Bengaluru
- Size
- 1.43 lakh sq. ft.
- Rent
- ₹2.72 crore per month
- Total Rent Commitment
- ₹410 crore
- Rent Escalation
- 5% annually
- Lease Commencement
- October 1, 2025
- Security Deposit
- ₹21.75 crore
- Monthly Rent per Sq. Ft.
- ₹190