Bengaluru’s northern office market is witnessing a decisive shift in occupier preference, with a global retail major’s technology arm committing to a long-term lease near the city’s international airport. The five-year agreement, covering just over 100,000 sq ft, underlines growing confidence in emerging business corridors as companies seek scalable, future-ready workspaces beyond traditional technology districts.
Property registration records indicate that the technology and innovation subsidiary of the US-based retail group has leased three floors within a Grade A office building located in Devanahalli, close to Kempegowda International Airport. The lease involves a monthly rental outflow of approximately Rs 49 lakh, with a built-in annual escalation, reflecting firm demand for premium commercial assets in the area. Industry experts view the transaction as a strong endorsement of North Bengaluru’s evolving commercial ecosystem. Once seen largely as a logistics and aerospace zone, the Devanahalli corridor is now benefiting from sustained infrastructure investment, including metro rail expansion, peripheral road connectivity and proximity to the airport, making it attractive for large global capability centres. “Large occupiers are increasingly prioritising long-term efficiency, workforce accessibility and infrastructure resilience,” said a senior commercial real estate consultant. “Airport-linked districts offer faster regional and international connectivity, lower congestion, and the ability to develop campus-style offices aligned with modern sustainability benchmarks.”
The latest lease adds to the company’s expanding real estate footprint in India, which has become a strategic base for global technology operations. Over the past two years, the firm has committed to large office spaces in southern cities to support engineering, data science, supply-chain technology and digital commerce functions. These centres play a critical role in global operations while benefiting from India’s deep talent pool and cost competitiveness. From a city-planning perspective, the deal highlights Bengaluru’s gradual decentralisation of office demand.
As established corridors such as Outer Ring Road face rising rents, infrastructure stress and limited land availability, developers and occupiers alike are turning towards peripheral micro-markets that offer both scale and sustainability. Urban planners point out that this shift could help rebalance commuting patterns if supported by public transport, mixed-use zoning and inclusive urban design. Office developments closer to residential clusters and transit nodes have the potential to reduce travel emissions, improve work-life balance and create more equitable urban growth. The building involved in the transaction is part of a larger technology park development, designed to meet contemporary energy efficiency and workplace standards. Such projects are increasingly expected to align with ESG principles, including reduced carbon footprints, efficient water use and healthier indoor environments.
As Bengaluru continues to absorb global corporate expansion, transactions like this underline how infrastructure-led planning can shape more resilient, distributed and sustainable cities. The challenge now lies in ensuring that growth along new corridors remains inclusive, transit-oriented and environmentally responsible.
Also Read: Gurugram Elan Group Awards Rs 1100 Crore Contract To Leighton Asia Luxury Housing
Bengaluru Walmart Global Tech Leases 1.01 Lakh Sq Ft At Rs 49 Lakh Monthly
