TCS Acquires 20 Acres in Bengal Silicon Valley Tech Hub for ₹94 Crore
TCS buys 20 acres of land in Bengal Silicon Valley Tech Hub at New Town, Kolkata for ₹94 crore
Hindustan Times
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Tata Consultancy Services (TCS) has secured a 20-acre land parcel in the Bengal Silicon Valley Tech Hub located in New Town, Kolkata, for ₹94 crore through a long-term lease. This acquisition, facilitated by the West Bengal Housing Infrastructure Development Corporation, is part of TCS's broader expansion strategy in India.
- 01TCS acquired 20 acres in New Town, Kolkata for ₹94 crore.
- 02The land lease is for over 99 years, allocated by WBHIDCO.
- 03This acquisition is part of TCS's ongoing expansion in major Indian cities.
- 04TCS has previously signed significant office leases in Bengaluru, Chennai, and Hyderabad.
- 05The Indian office market saw record leasing activity in Q1 2026.
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Tata Consultancy Services (TCS), a leading IT services firm, has acquired 20 acres of land in the Bengal Silicon Valley Tech Hub in New Town, Kolkata, for ₹94 crore through a long-term lease of over 99 years. The land was allotted by the West Bengal Housing Infrastructure Development Corporation (WBHIDCO), which is responsible for the development of New Town as a technology hub. The allotment was made on March 22, 2023, and the agreement was registered on January 9, 2026. This acquisition aligns with TCS's strategy to expand its footprint in key urban centers across India. Previously, TCS has signed major office leases in cities like Bengaluru, Chennai, and Hyderabad, indicating a robust demand for commercial real estate in the country. Notably, the Indian office market recorded its highest-ever quarterly leasing volume at 29.9 million square feet in Q1 2026, reflecting a 6% increase over the previous peak in Q1 2025, despite geopolitical challenges.
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The acquisition will likely create job opportunities and stimulate local economic growth in New Town, Kolkata, as TCS expands its operations.
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