 "land leasing")
Global tech firms — from IBM to Cognizant — have signed big office leasing deals in Bengaluru recently.
US-based tech giant IBM has leased 721,000 sq. ft in three wings of Embassy Golf Link Business Park in Bengaluru. IBM already has a space in the 4.5-million sq. ft business park, which is located at Intermediate Ring Road in Bengaluru.
The lease deal has a tenure of five years and IBM will pay a rent of Rs 75 per sq ft or Rs 65 crore per year, according to the sources in the know. IBM could open a development centre on
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