India, Jan. 30 -- IBM India Private Limited has leased 2.3 lakh sq ft of office space in Gurugram for a total rent of Rs.180 crore for 10 years, according to a document accessed by Propstack.

The technology major has leased spaces on floors 7 to 12 of Tower 4 at Intellion Park in Sector 59. The lease has been signed with Mikado Realtors Private Limited, a Tata Group Company (Tata Realty and Infrastructure Ltd), as the landlord, the document showed.

The chargeable area of 2,30,378 sq ft has been leased at a monthly rent of Rs.1.25 crore at Rs.54.5 per sq ft per month, and the lease commenced on September 22, 2025.

The lease agreement provides for a 15% rent escalation every three years, while IBM has paid a security deposit of Rs.18.43 ...