Qualcomm Leases 2.56 Lakh Sq Ft Office Space in Bengaluru for ₹184 Crore Over Five Years
Qualcomm India Pvt Ltd has leased 2.56 lakh sq ft of office space in Bengaluru for a period of five years at a total rent of ₹184 crore, according to documents accessed by Propstack. The lease covers the 5th, 6th, 7th, and 11th floors of the Bagmane Constellation Business Park.
QualcommBengaluruReal EstateOffice SpaceLeaseReal EstateNov 01, 2025
The company has taken up space in the Constellation Business Park, Virgo Tower, developed by Bagmane Developers Pvt Ltd, one of Bengaluru’s commercial real estate players. The lease covers the 5th, 6th, 7th, and 11th floors of the building, providing Qualcomm with a robust and modern office environment.
The monthly rent is fixed at ₹113 per sq ft, amounting to a rent of ₹2.89 crore, with a security deposit of ₹5 crore. The rent commenced from August 1, 2026, and the agreement includes a 15% rent escalation every three years, ensuring that the financial terms remain fair and competitive over the lease period.
The Bagmane Constellation Business Park in Mahadevapura, part of the Outer Ring Road corridor, is home to several global occupiers, including Amazon, Samsung, and Google. This strategic location offers easy access to major highways and a concentration of tech talent, making it an attractive choice for companies like Qualcomm.
Last year, Amazon Development Centre India Private Limited renewed its lease for a 6.76 lakh square feet office space in the Taurus 3 facility of Constellation Business Park for a period of five years at a starting monthly rent of ₹4.92 crore. This deal, registered on October 18, 2024, involved a stamp duty of ₹1.11 crore and a registration fee of ₹56.04 lakh, highlighting the robust commercial real estate market in Bengaluru.
Email queries have been sent to Qualcomm and Bagmane. If a response is received, the copy will be updated.
In another significant transaction, global semiconductor display equipment manufacturer Applied Materials leased 8.06 lakh sq ft of office space in Whitefield for ₹855 crore over 10 years, according to documents accessed by Propstack. The deal translates to a monthly rent of ₹5.97 crore. The office space is in the ITPB-Endeavour (MTB 6) building, with the 10-year lease commencing on April 1, 2025. The agreement entails a total rent outlay of about ₹855 crore over the tenure, with a 15% escalation every three years and a security deposit of ₹35.8 crore.
In October, BMW Techworks, a joint venture between BMW and Tata Technologies, leased 58,900 sq. ft of commercial office space in Bengaluru’s Whitefield area for a starting monthly rent of ₹1.04 crore, according to property registration documents accessed by Propstack.com. The leased space spans six floors of a premium office tower, with a monthly rent of ₹1.04 crore, translating to ₹175.50 per sq. ft. The lease agreement includes a security deposit of ₹5.21 crore and a 5% annual rent escalation, aligning with market-standard terms for Grade A office space in Whitefield.
Frequently Asked Questions
What is the total rent for Qualcomm's lease in Bengaluru?
Qualcomm has leased 2.56 lakh sq ft of office space in Bengaluru for a total rent of ₹184 crore over five years.
Which company developed the Bagmane Constellation Business Park?
The Bagmane Constellation Business Park was developed by Bagmane Developers Pvt Ltd.
What is the monthly rent for Qualcomm's office space?
The monthly rent for Qualcomm's office space is ₹2.89 crore.
Which other major companies have office space in the Bagmane Constellation Business Park?
The Bagmane Constellation Business Park is home to several global companies, including Amazon, Samsung, and Google.
What is the rent escalation clause in Qualcomm's lease agreement?
The lease agreement includes a 15% rent escalation every three years.
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