Global asset manager BlackRock has signed a fresh lease for 1.43 lakh square feet of office space with flexible workspace provider Indiqube in central Bengaluru, according to documents accessed from Propstack. The lease, executed through BlackRock Services India Pvt Ltd, is for KNG Tower 1 at Indiqube Symphony on MG Road in Ashok Nagar. It will commence on 1 October 2025 and will remain in place for a period of 10 years.
Under the terms of the agreement, BlackRock will pay a monthly rent of Rs 2.72 crore at a rate of Rs 190 per square foot, bringing the total rental outlay to nearly Rs 410 crore over the entire tenure. The company has also provided Rs 21.75 crore as a security deposit to Indiqube Space Ltd. The leased area spans the ground plus five floors of the building, covering a chargeable space of 1,43,127 square feet.
This transaction highlights the growing demand for high-quality office spaces in Bengaluru’s central business district, as international financial and technology firms continue to strengthen their presence in the city. The lease demonstrates BlackRock’s commitment to expanding its India operations in line with the broader trend of multinational companies setting up large back-office and technology hubs across the country.
By securing a long-term lease in one of Bengaluru’s most prominent business corridors, BlackRock reinforces its strategic plan to scale up its operations in India and position the city as a vital hub for its global activities.
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