Bengaluru has once again proven its dominance as India’s corporate hub with a massive office deal. BlackRock Services India, the local arm of the world’s largest asset manager, has signed a ten-year lease for prime office space at IndiQube Symphony. The leased area measures nearly 14 lakh square feet, making it one of the largest flexible workspace transactions in the country.
The lease begins on October 1, 2025, with a monthly rental of ₹190 per square foot. Over the next decade, the deal is valued at around ₹410 crore. BlackRock has also deposited ₹21.75 crore as security. The lease covers the ground plus five additional floors, giving the global financial powerhouse a significant presence in Bengaluru’s bustling business district.
IndiQube’s Expansion Milestone
For IndiQube, this agreement marks another milestone in its growth story. The company has been expanding aggressively since its IPO in July 2025, which raised ₹650 crore. Of this, more than ₹460 crore is allocated for expansion and new workspace development. With this investment, IndiQube aims to add three million square feet in the next three years. By 2028, the company expects to manage over 11.47 million square feet across India.
IndiQube’s strong base in Bengaluru highlights its dominance in the flexible workspace sector. Out of 115 centres nationwide, 65 are located in the city, together managing 5.43 million square feet. Winning BlackRock as a client not only boosts IndiQube’s portfolio but also reinforces Bengaluru’s reputation as the leading destination for global firms.
Business Heart Bengaluru
The demand for flexible workspaces is surging, and Bengaluru remains at the centre of this growth. In the first half of 2025, flexible offices accounted for 19 percent of all office leasing in India, up nearly 48 percent compared to the same period last year. This shift shows how companies are moving toward adaptable, modern spaces that suit hybrid and global work needs.
Bengaluru’s edge lies in its rich talent pool, strong infrastructure, and global connectivity. For BlackRock, setting up at IndiQube Symphony ensures access to skilled professionals and a thriving business ecosystem. For IndiQube, this deal underscores its ability to serve major multinational clients and scale operations effectively.
Transforming the Office Landscape
This mega lease is significant for all stakeholders. BlackRock secures a premium, future-ready workspace in India’s technology capital. IndiQube strengthens its standing as a top flexible office provider. Bengaluru reaffirms its position as the country’s undisputed hub for global business expansion.
The BlackRock-IndiQube deal is more than just a real estate transaction. It represents India’s rising importance in the global economy, the increasing demand for modern offices, and Bengaluru’s role as the heartbeat of this transformation.