Chennai-based TVS Motor Company has secured approximately 529,533 square feet of super built-up office space at Gardencity IT Park in Hebbal, Bengaluru, according to sources familiar with the matter. The 10-year lease commenced on September 22, 2026, with monthly rent of approximately ₹4.7 crore. The transaction was registered last week, as reported by sources familiar with the matter.
The lease is understood to be part of TVS Motor's consolidation and expansion of its office operations in Bengaluru. Hebbal Infraspace Pvt Ltd, which is owned by Gardencity, serves as the landlord for the property. Real estate consultancy firm Colliers advised on the transaction, though the company declined to comment when queried. Email queries sent to TVS Motor Company and Gardencity remained unanswered.
TVS Motor Company has its registered office in Chennai and operates manufacturing plants across India, including facilities in Hosur, Mysore and Solan. The company is part of TVS VENU and manufactures two- and three-wheeler vehicles. In August 2026, TVS Motor Company recorded monthly sales growth of 21%, with sales of 616,540 units compared to 509,536 units in August 2025.
According to a research report by Colliers India, Bengaluru emerged as India's leading office market, with lease transactions spanning 15.7 million square feet in the first nine months of 2026, representing a 12% year-on-year increase. The city accounted for 29% of overall office leasing across the top seven Indian cities. New office supply in Bengaluru during the first nine months of 2026 stood at 14.1 million square feet, up 19% year-on-year, driving about one-third of the overall office completions across the top Indian cities in 2026.
