April 22, 2026Tata Consultancy Services(TCS) has expanded its office footprint in Chennai to approximately 7.79 lakh sq ft with a fresh lease of 1.47 lakh sq ft at Ozone Techno Park, reinforcing the city’s position as a key hub in the company’s India delivery network.
The new lease, signed with Platinum Holdings Private Limited, covers space across the fourth and fifth floors of the IT park on Old Mahabalipuram Road (OMR). According to Propstack data, the agreement will commence on October 1, 2025, for a tenure of 53 months at a rental of Rs 45 per sq ft per monthtranslating into a monthly rent of about 66.2 lakh.With this addition,TCS' total rental commitment at the campus has increased to nearly 3.5 crore per month.,The lease includes a security deposit of 5.96 crore with a 12% escalation after every three years.
TCS has options to renew the lease for two additional five years, potentially extending occupancy until March 2040.The expansion highlights Chennai's growing importance in TCS' real estate and operational strategy, particularly as the company continues to scale delivery capabilities in established IT corridors.Industry sources indicate that TCS has been steadily consolidating its presence in key markets, aligning workplace investments with evolving delivery models and workforce requirements.
This expansion marks a significant step in the IT giant's strategy to consolidate high-capacity office hubs in key tech corridors.
Key Deal Insights 📍 Location: Floors 4 & 5, Ozone Techno Park, Chennai. 📏 Area: 147,176 sft.
⏳ Tenure: 53-month long-term lease 💰 Monthly Rent: ₹ 0.66 Cr (₹45/per/sft.)
Strategic Highlights With this transaction, TCS’s total occupied office space within the park has surged to approximately 7.79 lac sft., reflecting a massive monthly rental commitment of roughly ₹3.5 cr. The agreement includes a renewal option for two successive five-year terms, potentially extending TCS’s stay at the facility until March 2040.
This move underscores the continued demand for Grade-A office spaces in Chennai as major IT players transition back to large-scale physical office operations.
