Infineon leases 631,923 sq ft Bengaluru office in Rs 750 crore deal

German semiconductor maker Infineon Technologies has leased 631,923 sq ft at Bagmane Solarium City in Whitefield, Bengaluru, in a 10-year deal worth more than Rs 750 crore in total rental payouts. The lease, starting Dec 1 2026, includes an initial monthly rent of Rs 5.56 crore and a 15% escalation

MUMBAI: German semiconductor major Infineon Technologies has leased over 631,923 square feet of office space at Bagmane Solarium City in Whitefield, Bengaluru, in a 10-year deal with a total rental payout exceeding Rs 750 crore. The lease is one of the largest office transactions in the city.

The company’s India arm, Infineon Technologies India, signed the lease with Akruthi Infra-Build Developers, part of the Bagmane Group and a member of the sponsor group of Bagmane Prime Office REIT. The fresh lease has a tenure of 10 years and is scheduled to commence from December 1, 2026.

Infineon will pay an initial monthly rent of Rs 5.56 crore for the office space at a rate of Rs 88 per sq foot per month. The lease provides for a 15% escalation in rent every three years, taking the total rental payout over the lease period to more than Rs 750 crore, according to documents accessed through Propstack, a realty data analytics platform.

The company has also agreed to a security deposit equivalent to six months of rent, amounting to Rs 33.36 crore, and will receive an eight-month rent-free period.

The office deal comes as Infineon expands its engineering and research capabilities in India. The company announced on Monday that it had agreed to acquire Bengaluru-based power semiconductor startup C2i Semiconductors to strengthen its capabilities in power solutions for AI data centres. The acquisition is expected to expand Infineon's engineering capabilities and innovation footprint in India and help establish a centre of excellence for digital power technologies in the country.

Infineon has around 2,800 employees in India, with the country serving as an important base for its global research and development operations. Bengaluru is a key location for the company's engineering and technology activities.

The transaction comes as semiconductor and technology companies deepen their engineering and R&D operations in Bengaluru. Whitefield, one of Bengaluru's established technology corridors, has developed into a major office hub, with large occupiers seeking sizeable office campuses. ET’s email query to Bagmane Group remained unanswered until the time of going to press.