Google has leased over 30 lakh square feet of space in Bengaluru in six separate deals with monthly rentals ranging from ₹58 psf to ₹230.88 psf.
The Google entities that have rented the premises are Google India Pvt Ltd and Google Connect Services, paying ₹33 crore a month as starting rent.
Despite recent layoffs across the world, the company is committed to the long-term prospects in India, and the leasing of the premises affirms that commitment.
The transactions provide some optimism to the office leasing sector, which started out on a subdued note this year, after a record absorption of over 50 msf in 2022.