Concentrix Secures 1.6 Lakh Sq Ft Office Space in Gurugram with a 5-Year Lease
Concentrix Daksh Services India Private Limited has taken a significant step in its expansion strategy by leasing 1.6 lakh sq ft of office space in Gurugram. According to documents accessed by Propstack, the company has signed a five-year lease with a monthly rent of ₹1.53 crore.
The lease agreement covers six floors in Sector 32, with a chargeable area of 1.61 lakh sq ft. The rental rate is set at ₹95 per sq ft per month, leading to a total monthly outgo of ₹1.53 crore. The lease commenced on February 4, 2026, and includes a security deposit of ₹6.12 crore. Additionally, the agreement features a rent escalation clause of 15% every three years.
As part of the deal, the landlord will provide 173 parking spaces on a right-to-use basis at no additional cost. This move by Concentrix Daksh highlights the company's commitment to maintaining a strong physical presence in India's bustling real estate market, despite the rise of AI-driven automation.
Raja Seetharaman, co-founder of Propstack, commented on the transaction: “Concentrix Daksh’s commitment to 1.6 lakh sq ft of office space in Gurugram’s Sector 32 is a powerful signal for the commercial real estate market. Despite the rapid rise of AI-driven automation, this expansion by a global customer experience leader highlights that physical infrastructure remains a crucial necessity for scaling sophisticated operations.”
This transaction is not an isolated incident in Gurugram's real estate landscape. Earlier this year, IBM India Private Limited leased 2.3 lakh sq ft of office space in Gurugram for a total rent of ₹180 crore over 10 years. The technology major leased spaces on floors 7 to 12 of Tower 4 at Intellion Park in Sector 59, with a monthly rent of ₹1.25 crore at ₹54.5 per sq ft per month, commencing on September 22, 2025.
Co-working space operator TableSpace Technologies Pvt Ltd also leased 1.45 lakh sq ft of commercial space in Gurugram for five years at a starting monthly rent of ₹2.85 crore earlier this year. Last year, US tech major Google signed one of the largest office leasing deals of 2025, taking around 617,000 sq ft at Atrium Place in Gurugram. The property, jointly developed by DLF and Hines, underscores Google's continued expansion in India’s office real estate market.
These transactions collectively indicate a robust and growing demand for office space in Gurugram, driven by both multinational corporations and local businesses. The city's strategic location, modern infrastructure, and skilled workforce continue to attract significant investments in the commercial real estate sector.
