Morgan Stanley Advantage Services has expanded its presence in India by leasing 160,000 sq ft of office space at Ecoworld business park in Bengaluru. The move goes beyond a real estate transaction, reflecting the growing strategic importance of India in global financial services operations.
Lease Details and Commitment
- Office size: 160,000 sq ft
- Location: Ecoworld, Outer Ring Road (ORR), Bengaluru
- Lease start date: January 10, 2026
- Operations expected: May 2026
- Lease tenure: 5 years
- Annual rent: ₹23 crore (₹121 per sq ft per month)
- Security deposit: ₹11.88 crore
- Rental escalation: 15% every three years
These financial terms indicate a long-term commitment and confidence in Bengaluru as a strategic operating base.
Strengthening India’s Role as a Financial Services Hub
The expansion reinforces Bengaluru’s position as a key hub for BFSI Global Capability Centers (GCCs). The ORR corridor, despite being one of the city’s most expensive office markets, continues to attract global banks due to its deep talent pool, strong infrastructure, and proximity to technology ecosystems.
Ecoworld, owned by Arliga Ecoworld Business Parks and managed by Brookfield Asset Management, hosts several multinational corporations, making it a preferred destination for large-scale GCC operations.
Aligned with Morgan Stanley’s India Strategy
This Bengaluru expansion follows Morgan Stanley’s 1.1 million sq ft lease in Mumbai’s Oberoi Commerz III, valued at approximately ₹2,100 crore over 9.5 years. Together, these investments underline the firm’s long-term strategy to scale its India operations while supporting global functions.
Bengaluru Office Market Outlook
Bengaluru’s commercial office market remains resilient, with 15–18 million sq ft of absorption projected in 2025. The ORR micro-market accounts for a significant share of leasing activity, supported by Grade-A office supply and sustained demand from IT services and GCCs.
The BFSI sector continues to be a major contributor, accounting for 16.4% of India’s total office leasing between January and September 2024. Rental rates in prime Bengaluru locations are expected to rise by 3–4% annually in FY25 and FY26.
Broader Market Confidence
India’s financial services sector is witnessing rapid growth, supported by increased credit flow, rising insurance penetration, and positive investor sentiment. Global financial institutions continue to deepen their India presence, signaling confidence in the country as a strategic hub for global operations and talent-driven GCCs.
Conclusion
Morgan Stanley Advantage Services’ expansion in Bengaluru highlights the continued evolution of India as a global BFSI GCC destination. With strong talent availability, robust infrastructure, and sustained demand, cities like Bengaluru are playing a pivotal role in shaping the next phase of global financial services delivery.
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