Archive · 30 Jan 2026
IBM Leases Gurugram Office for ₹180 Crore
IBM India has taken a big office space in Gurugram for 10 years.
The office is very large, over 230,000 square feet, and is in a special area for technology companies.
IBM will pay a lot of money for this space, about ₹1.25 crore every month.
The rent will go up a little bit every three years.
This office is part of a big park that has other big companies too, like Zomato.
IBM is also expanding in other cities like Bengaluru, where they have taken more office spaces recently.
IBM India signed a 10-year lease for 230,000 sq. ft of office space in Gurugram's Intellion Park.
The total lease outlay is ₹180 crore, with a monthly rent of ₹1.25 crore and a 15% rental escalation every three years.
The lease was signed with Mikado Realtors Pvt. Ltd, promoted by Tata Realty and Infrastructure Ltd.
Intellion Park is a campus-style IT/ITeS special economic zone spread across 25 acres.
IBM has also expanded its office footprint in Bengaluru, leasing additional spaces in 2024 and 2025.
- Who
- IBM India Pvt. Ltd
- What
- Signed a 10-year lease for office space in Gurugram
- When
- Lease deed signed in December
- Where
- Intellion Park, Sector 59, Gurugram
- Why
- To expand its office footprint in India
- Company
- IBM India Pvt. Ltd
- Location
- Intellion Park, Sector 59, Gurugram
- Lease Duration
- 10 years
- Total Area
- 230,000 sq. ft
- Monthly Rent
- ₹1.25 crore
- Rental Escalation
- 15% every 3 years
- Lease Outlay
- ₹180 crore
- Landlord
- Mikado Realtors Pvt. Ltd (Tata Realty)