Bengaluru, May 12 -- Tata Consultancy Services Ltd (TCS) has leased around 630,000 sq.ft. of office space in Chennai's Ozone Techno Park at a monthly rent of Rs.2.8 crore.

India's largest information technology (IT) services company leased the space in Chennai's Navalur suburb from Platinum Holdings Pvt. Ltd for 10 years after paying a deposit of Rs.25.5 crore, according to documents accessed by real estate data analytics firm Propstack. As per the lease terms, the rent will increase by 12% after every three years.

A TCS spokesperson didn't respond to an email query on the transaction.

Office space leasing by domestic IT services companies has been slow across major Indian cities, reflecting a slowdown in the sector amid global economi...