India, Dec. 17 -- IBM India Private Limited has leased over 1.61 lakh sq ft of office space at Embassy Golflinks Business Park in Bengaluru for a monthly rent of about Rs.2.4 crore, according to documents accessed by CRE Matrix.

The lease, signed with Golflinks Software Park Private Limited, is for a period of five years, with a handover date was April 17, 2025. The space spans approximately 1.61 lakh sq ft across the third and fourth floors of the Pine Valley block at Embassy Golflinks Business Park, located in Challaghatta, Varthur Hobli, the lease deed showed.

The agreement includes a rent-free fit-out period of 45 days and a lock-in of three years. The company paid a security deposit of Rs.14.5 crore, and the deal was registered on ...