Overview
- HSBC and Prestige Group signed a Letter of Intent on July 1, 2026, to develop the Prestige JRC Signature Towers, a two‑tower campus totaling about 1.2 million square feet on Bengaluru’s Outer Ring Road.
- Under the proposed plan HSBC would occupy both towers to consolidate colleagues now spread across multiple Bengaluru sites into a single campus to boost collaboration and productivity.
- Prestige has described the space as a 20‑year pre‑lease in its statement, but both parties say the arrangement still needs definitive agreements and regulatory approvals before it is final.
- Prestige’s leadership says the towers are already under construction with a reported target completion of October 2027, though timing could change if contracts or approvals shift.
- The campus is being designed for modern work patterns with shared amenities and is targeting LEED Platinum and WELL Platinum certification, reflecting HSBC’s role of India as its largest global service and technology hub with over 40,000 staff.