An HSBC group company in India has taken 1,19,751 sq ft of furnished office space at the Ecospace campus in Bengaluru's Bellandur, at a starting rent of ₹3.19 crore a month. Total rent over the term is reported at more than ₹207 crore, according to property registration documents cited by The Realty Today.
The deal was registered on 23 October 2026. The lease and rent started on 24 August 2026.
The deal: HSBC office lease in Bengaluru
The tenant is HSBC Electronic Data Processing India Private Limited. It has taken the space on sub-lease from CoWrks India Private Limited, a flexible-workspace operator.
Arliga Ecoworld Infrastructure Private Limited, the principal lessor, is a confirming party to the deal. A sub-lease means the operator holds the main lease from the landlord and rents part of that space onward to an occupier.
The office covers the first, second and third floors and comes with 119 car parking spaces. It is a fully furnished, plug-and-play space, meaning the tenant can move in without its own fit-out work.
Rent, deposit and tenure
The starting rent works out to about ₹267 per sq ft per month. HSBC has paid a security deposit of about ₹19.18 crore, roughly six months of the starting rent.
Office rents in India are usually quoted per sq ft per month. In this case the figure covers a fully furnished floor, so it includes interiors that the tenant would otherwise have to pay to fit out itself.
The initial tenure is five years, with an option to extend or renew for five more. The report gives the total rent of over ₹207 crore and the starting monthly rent as separate figures. The report does not explain how the two relate or give any rent-escalation terms, so both are given here as reported.
HSBC's growing India footprint
The Bellandur deal adds to a run of large HSBC office commitments in south India. In June 2026, the bank took about 2.03 lakh sq ft at Phoenix H09 in Hyderabad's Gachibowli–HITEC City area for 4.7 years, with a reported rental outflow of ₹388 crore, The Realty Today said.
In July, Prestige Group said it had signed a letter of intent with HSBC to pre-lease about 1.2 million sq ft across two towers at Prestige JRC Signature Towers on Bengaluru's Outer Ring Road for 20 years. HSBC said that campus would bring together staff now spread across several Bengaluru locations. Prestige said the towers were expected to be completed by October 2027, and the deal still needed definitive agreements and regulatory approvals.
What it means for you
For office landlords and investors, the deal shows flexible-workspace operators are signing large, long-tenure, enterprise-sized contracts with banks, not only short desk deals with start-ups.
For residents and home buyers around Bellandur and the Outer Ring Road, continued large-office demand matters because it supports rental demand from employees in nearby housing.
Sources
- The Realty Today: HSBC Sub-Leases 1.19 Lakh Sq Ft Office Space in Bengaluru — published 7 November 2026.
- Outlook Business: Prestige Group pre-leases 1.2 mn sq ft office spaces in Bengaluru to HSBC — published 1 July 2026.
Frequently asked questions
Where is HSBC's new office in Bengaluru?
The space is at the Ecospace campus in Bellandur, on Bengaluru's Outer Ring Road, across the first, second and third floors, according to registration documents cited by The Realty Today.
What rent is HSBC paying for the Bellandur office?
Starting rent is ₹3.19 crore a month, or about ₹267 per sq ft, and total rent over the term is reported at over ₹207 crore. The security deposit is about ₹19.18 crore.
How long is HSBC's Ecospace lease?
The initial term is five years from 24 August 2026, with an option to extend for another five years.