Enzyme Office Spaces leases 3.4 lakh sq ft office space in Bengaluru for ₹2.5 crore monthly rent

Enzyme Office Spaces leased the assets in Whitefield, HSR Layout and Hebbal, expecting ₹50 crore annual rent from GCC and startup clients

Updated on: Mar 21, 2026, 08:36:45 IST

By Souptik Datta

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Enzyme Office Spaces, a managed workspace provider, has leased 3.4 lakh sq ft of flexible space in Bengaluru for a total of ₹2.5 crore in monthly rent for 10 years, Ashish Agarwal, founder and CEO, Enzyme Office Spaces, told Hindustan Times Real Estate.

Enzyme Office Spaces has leased 3.4 lakh sq ft in Bengaluru at ₹2.5 crore monthly rent for 10 years, its CEO Ashish Agarwal said. (File Photo )

The company has taken around 1.8 lakh sq ft in Whitefield, 1.5 lakh sq ft in HSR Layout and 16,000 sq ft in Hebbal, with plans to sublease the spaces to GCCs and startups and target ₹50 crore in annual revenue by the next financial year, he said.

“The leases were executed between February 14 and March 5 and have a tenure of 10 years. We follow a core strategy of leasing properties, furnishing them, and offering them as managed office or enterprise solutions,” Agarwal said.

The Whitefield and HSR assets are standalone developments, while the Hebbal space is part of the larger commercial project Umiya Vellociti, and spans about 6 lakh sq ft.

Also Read: Vyapar leases 90,000 sq ft commercial space from Enzyme Office Spaces in Bengaluru

All three centres are being developed as managed office spaces and will comprise around 5,000 seats. With these additions, the company’s total seating capacity across India will increase to about 60,000 seats, he said.

Agarwal said that while the HSR Layout centre is expected to cater largely to startups, the Whitefield and Hebbal facilities are being positioned to attract global capability centres (GCCs), reflecting continued demand from multinational firms setting up back-end and innovation hubs in Bengaluru.

The HSR property is expected to be handed over within the next three months, while the Whitefield asset is currently undergoing building modifications. The Hebbal space is expected to be handed over by April, he said.

“Looking ahead, we plan to expand further and are targeting to sign 2–2.5 lakh sq ft of additional office space in the financial year beginning April 1, driven by growing demand for flexible and managed workspaces,” he said.

Enzyme Offices currently manages a strong portfolio of 2 million sq ft of premium workspace assets across key markets. Its key clients include Vyapaar, which occupies about 4,000 seats, and Paytm.

Also Read: Accenture expands office space in Coimbatore, leases 1.09 lakh sq ft for over ₹83 lakh monthly rent

Previous transactions

In June last year, the company leased 90,000 sq ft of customised office space in Bengaluru. The facility comprises around 2,200 workstations, including meeting and collaboration areas, the company said in a statement.

Located on Sarjapura Road, the 1.2 lakh sq ft centre has a seating capacity of about 3,000. The transaction was facilitated by Pat Michaels, a Bengaluru-based commercial real estate brokerage firm specialising in office, retail, land, and consulting services.

In early 2025, SUGAR Cosmetics leased a 14,000 sq ft space comprising 300 seats at Enzyme’s Andheri East centre in Mumbai. The space was leased from House of Hiranandani and fully occupied by SUGAR as its corporate headquarters.

ABOUT THE AUTHOR
Souptik Datta
Souptik Datta is a deputy chief content producer at Hindustan Times Digital, where he reports on southern India with a focus on real estate, urban infrastructure and environmental urban issues. His coverage tracks the intersection of policy, capital flows, regulation and sustainability, examining how these forces shape housing markets, commercial real estate and large-scale infrastructure development across rapidly transforming cities. He also closely tracks civic issues affecting urban residents, including property taxation, planning approvals, public transport expansion, water stress, waste management and the governance challenges that influence everyday life in India’s metros. Souptik’s reporting is driven by a strong interest in accountability, consumer rights and the lived realities of homebuyers and investors navigating volatile pricing cycles, regulatory changes and project delivery risks. He frequently analyses project launches, land monetisation strategies, planning frameworks, RERA-related developments and the broader implications of infrastructure investments on emerging growth corridors. His work blends on-ground reporting with data-backed analysis and long-form explainers aimed at demystifying complex real estate and infrastructure developments for readers. He is an alumnus of the Indian Institute of Journalism and New Media. Before joining Hindustan Times Digital, Souptik was associated with Moneycontrol at Network 18, where he covered real estate, infrastructure and allied sectors, producing market insights, policy-led stories and in-depth features. Outside the newsroom, Souptik is an avid solo traveller and documentary enthusiast, exploring diverse regions and visually documenting unique narratives through film and photography. In his early career, Souptik also freelanced as a documentary photographer, independently working on visual storytelling projects that captured grassroots narratives, urban change and everyday life. He can be reached at souptik.datta@htdigital.in.Read More

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