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BENGALURU | 2 July 2026: HSBC has signed a letter of intent with Prestige Group to develop a 1.2 million sq ft integrated campus in Bengaluru, marking one of the largest commercial real estate transactions in India this year. The facility will be located at the upcoming Prestige JRC Signature Towers on the city’s Outer Ring Road, one of Bengaluru’s primary corporate corridors.
The move aligns with a broader strategy among global financial institutions to move away from fragmented office networks. According to HSBC, the new campus will bring together employees currently operating across multiple facilities in the city, consolidating technology, operations and business teams into two dedicated commercial towers.
The investment also reflects the increasing permanence of Global Capability Centres (GCCs) within enterprise operating models. Estimated at nearly ₹3,000 crore (approximately US$317 million) in rental commitments over a 20-year lease tenure, the transaction represents a significant long-term investment in the region.
KEY HIGHLIGHTS
- 2 million sq ft campus: HSBC has pre-leased two under-construction towers from Prestige Group in Bengaluru.
- Long-term commitment: The agreement spans a 20-year lease tenure with an estimated rental commitment of ₹3,000 crore.
- Operational consolidation: The facility is expected to bring together teams currently operating across multiple office locations in the city.
- Large workforce presence: HSBC employs more than 40,000 professionals across its operations in India.
- Strategic business functions: The new campus is expected to support teams across banking operations, financial crime compliance, data analytics and technology functions.
BUILDING HSBC’s NEXT PHASE OF GLOBAL OPERATIONS IN INDIA
Founded in 1865 in Hong Kong and Shanghai, HSBC has evolved into one of the world’s largest banking and financial services organizations. In India, the bank operates as a full-service financial institution while also hosting one of the group’s largest global technology and operations footprints.
The decision to bring thousands of professionals under a single campus reflects the changing role of banking GCCs within global operating models. Functions delivered from India today extend well beyond traditional support services and increasingly include business-critical capabilities such as:
- Digital Engineering: Architecting enterprise platforms and developing digital banking infrastructure.
- Risk Management: Executing complex risk modeling and financial crime compliance protocols.
- Data & Analytics: Utilizing artificial intelligence and machine learning for global operational insights.
- Operational Support: Providing business processing and customer service support for global functions.
- Enterprise Transformation: Leading cloud computing and automation initiatives for the worldwide HSBC Group.
The integrated campus is expected to enable closer collaboration between technology, operations and risk teams as banks increasingly rely on real-time data, AI-enabled workflows and tighter regulatory coordination. Commenting on the development, Suzy White, Group Chief Operating Officer at HSBC, highlighted the design philosophy behind the upcoming facility:
The campus is being designed to support the future of work at HSBC, bringing together modern workplace design, accessibility, sustainability and colleague wellbeing. Our ambition is to create a high-quality environment that supports HSBC’s customers and businesses.
THE EVOLVING ROLE OF BANKING GCCS
HSBC’s decision reflects a broader shift in how global banks structure their technology and operations ecosystems. Over the past decade, GCCs have evolved from supporting back-office activities to managing functions that directly influence customer experience, regulatory compliance, cybersecurity and digital product development.
For financial institutions, these responsibilities require continuous collaboration between engineering teams, business functions and risk professionals. As a result, proximity and integrated operating environments continue to remain important despite the widespread adoption of hybrid work models.
Large, purpose-built campuses are increasingly being viewed as enablers of collaboration, talent development, business continuity and long-term capacity planning rather than simply real estate investments. Addressing the strategic importance of India to HSBC’s global operations, Georges Elhedery, Group CEO of HSBC, noted:
India is one of the most important talent centres in the world and continues to be a key market for HSBC. Bringing our colleagues together on one campus will help us move faster, collaborate more closely, and continue developing expertise and talent to provide the best support for our customers.
WHY BENGALURU CONTINUES TO ATTRACT BANKING GCC INVESTMENTS
HSBC’s choice of Bengaluru reinforces the city’s position as a preferred destination for banking and financial services GCCs, driven by access to technology talent, domain expertise and mature enterprise infrastructure. The Outer Ring Road corridor continues to attract large-scale investments due to its connectivity, ecosystem maturity and availability of premium commercial assets capable of supporting long-term growth requirements.
As banking technology becomes increasingly dependent on AI, cloud-native platforms and real-time analytics, global institutions are increasingly viewing workplace infrastructure as an extension of enterprise operating strategy rather than simply an occupancy decision.
