Tech giant Google has leased 1.3 million sq ft of office space in Bengaluru, according people aware of the deal, marking one of the largest office lease transactions in the country since the pandemic began.
The California-headquartered company has entered into an agreement with Bagmane Developers for a new lease at its Bagmane Rio Business Park on Outer Ring Road, adding that the property has a lease tenure of 15 years and is expected to be operational by the third quarter of 2022.
"Google will be paying Rs 85 per sq ft for the property. The property is under fitout and marks one of the largest deals signed so far,” they said. Since the start of the pandemic, Google has taken up 2.8 million sq ft of office space in India, including flexible office space in Gurgaon.
The company has four offices in India, including its country headquarters in Hyderabad. "Google is also exploring flexible offices across various cities to implement a hybrid work model," said an industry source.
