Bengaluru’s commercial real estate market continues to see strong demand from global corporations, with Walmart Global Tech India leasing approximately 1.01 lakh square feet of office space in North Bengaluru’s Devanahalli region. The transaction highlights the growing importance of emerging business corridors as companies look beyond traditional IT hubs for scalable and well-connected office locations.
According to market information, the lease has been signed at Prestige Tech Cloud, a premium office development located close to Kempegowda International Airport. The agreement is understood to be for a long-term period of five years, with a monthly rental of around ₹49 lakh and a provision for annual rental escalation. The size of the lease and its location underline sustained confidence in Bengaluru’s office market despite changing global business conditions.
The newly leased office space will support Walmart Global Tech India’s expanding operations in the city. The company is responsible for developing technology platforms and digital solutions that support Walmart’s global retail and e-commerce businesses. The Devanahalli facility is expected to accommodate a large number of professionals, adding to employment growth in North Bengaluru and strengthening the region’s role as a technology-driven employment hub.
Devanahalli has been gaining steady traction as a commercial and technology destination due to its strategic location and improving infrastructure. Proximity to the international airport, planned road networks, and the presence of large-scale business parks have made the area attractive to multinational companies and Global Capability Centres. Compared to older office districts, Devanahalli offers modern office spaces and long-term growth potential, which continues to draw corporate occupiers.
Industry observers note that large leasing deals by global companies such as Walmart reflect the resilience of Bengaluru’s commercial real estate sector. North Bengaluru, in particular, is emerging as a key growth corridor, supported by infrastructure development, corporate investments, and increasing demand for Grade A office spaces. This trend is expected to drive further commercial activity and support residential real estate development in surrounding areas in the coming months.
Also Read: Lodha Developers and MRG Group Partner for ₹3,600 Crore Gurugram Projects
