Archive · 18 Nov 2025
JLR Expands Bengaluru Tech Hub With ₹106 Crore Lease
Jaguar Land Rover is growing its office in Bengaluru, India.
They've rented a big space for 5 years, which will help them expand their technology and business services in India.
This deal is special because it has a 15% rent increase every three months, which is not common in Bengaluru's real estate market.
This shows that many companies want to be in Bengaluru and are willing to pay more for good office spaces.
Jaguar Land Rover Technology & Business Services India (JLR TBSI) leased 1.46 lakh sq ft at Brigade Tech Gardens for 5 years
Lease worth ₹106 crore, with monthly rental of ₹1.67 crore
New office to house India technology verticals and feature warm-shell fit-out
Expansion strengthens JLR's Indian tech and business-services operations
Deal includes 15% escalation every three months, unusual in Bengaluru's market
- Who
- Jaguar Land Rover Technology & Business Services India (JLR TBSI)
- What
- Leased office space in Bengaluru
- When
- 2024-25
- Where
- Brigade Tech Gardens, Bengaluru
- Why
- To expand Indian tech and business services operations
Pro-Bengaluru Expansion
Market Uncertainty
Bengaluru's Attractiveness
Pro-Bengaluru Expansion
Bengaluru's strategic location and Grade-A specifications make it an attractive base for global tech centers.
Market Uncertainty
The steep escalation clause may indicate uncertainty in the market or a rush to secure space.
- Office Size
- 1.46 lakh sq ft
- Lease Duration
- 5 years
- Total Lease Value
- ₹106 crore
- Monthly Rental
- ₹1.67 crore
- Security Deposit
- ₹10.10 crore
- Escalation Rate
- 15% every three months
