TCS Acquires 20 Acres in Kolkata's Bengal Silicon Valley Tech Hub for ₹94 Crore

Tata Consultancy Services (TCS), one of India's leading IT giants, has acquired a 20-acre parcel of land in the Bengal Silicon Valley Tech Hub at New Town, Kolkata, for ₹94 crore. The acquisition is part of a long-term lease spanning over 99 years, according to documents accessed by Propstack.

The land has been allotted by the West Bengal Housing Infrastructure Development Corporation (WBHIDCO), the state-run agency responsible for developing New Town as a planned urban and technology hub. The allotment was made on March 22, 2023, and the agreement was registered on January 9, 2026.

This strategic move by TCS underscores the company's commitment to expanding its operations and infrastructure in key technology hubs across India. New Town, Kolkata, is rapidly emerging as a major tech hub, and this acquisition positions TCS to leverage the growing talent pool and business opportunities in the region.

In September 2025, TCS leased about 17.52 lakh sq ft of commercial office space in Sattva Knowledge Point in Bengaluru for nearly ₹975 crore rent over five years. The technology firm leased three floors in Tower A and Tower B. The monthly rent is around ₹15.37 crore, and the office space was leased in Sattva Knowledge Point, Tower A and B, Yeshwanthpur, Bengaluru. The rate per sq ft is ₹87.73, and the company paid a security deposit of ₹25 crore.

Last year, TCS also signed one of Bengaluru’s largest commercial real estate deals, leasing 1.4 million sq ft of office space for ₹2,130 crore over 15 years. The office space is spread across Towers 5A and 5B in the city’s southern IT corridor, Electronic City, at 360 Business Park. The lease covers 6.8 lakh sq ft in Tower 5A and 7.2 lakh sq ft in Tower 5B, with a consolidated monthly rent of ₹9.31 crore at a rate of ₹66.5 per sq ft. The documents showed that TCS also provided a security deposit of ₹112 crore.

In March 2025, TCS leased 6.3 lakh sq ft of office space in Chennai's Ozone Techno Park for ₹2.8 crore monthly rent. Located in Navalur, the lease spans across seven floors, and the rental commenced on March 15, 2025.

Previously, in April, TCS leased 10.18 lakh sq ft of office space in Hyderabad's financial district, an IT suburb in Serlingampally Mandal, for a monthly rent of ₹4.3 crore. The office space is located in Paradigm Rajapushpa and spans across 18 floors. The building consists of five basements, a ground floor, and 18 office floors.

Knight Frank India, in its latest report, India Real Estate Market – Office and Residential (January – March 2026), noted that the India Office Market recorded its highest-ever quarterly leasing volume at 29.9 million square feet (mn sq ft) in Q1 2026 across the eight leading cities. This represents a 6% increase over the previous peak observed in Q1 2025, marking a notable milestone despite a quarter characterized by heightened geopolitical tensions. Leasing activity remained firmly concentrated in Grade A assets, which accounted for 93% of total transactions. While Bengaluru remained the largest office leasing market with 9.2 mn sq ft, strong performances by Hyderabad (5.9 mn sq ft), Mumbai (5.6 mn sq ft) and the National Capital Region (NCR) (4.0 mn sq ft) made leasing activity more equitable. GCC continued its dominance as the largest end-user group, leasing 14.4 million sq ft of office space in Q1 2026, it noted.