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.