India, Oct. 23 -- IBM India Private Limited has strengthened its presence in Bengaluru by signing a fresh 10-year lease for 2.83 lakh sq ft of office space, with the total rental outlay estimated at Rs.343 crore, according to documents accessed by Propstack.

The company has leased space across the ground and first to third floors of Bagmane Solarium City - Radon in Bengaluru. The lease commenced on February 5, 2026, the documents showed.

Akruthi Infra-Build Developers Private Limited owns the property. IBM will pay a monthly rent of Rs.2.49 crore, at a rate of Rs.88 per sq ft, with a 15% escalation every three years. The company has paid a security deposit of Rs.14.96 crore, the documents showed.

In addition to the rent, IBM will pay f...