Walmart Global Tech India, the technology and innovation arm of US retail giant Walmart, has delandered its reach in Bengaluru by a lease of more than one lakh square feet of office space in the city’s rapidly developing northern corridor. Walmart agreed to a five-year lease for 1.01 lakh sq ft of office space at a monthly rental of almost Rs 49 lakh, indicating that more and more companies are showing interest in areas near the Bengaluru international airport airport.
According to property registration documents accessed through real estate data analytics platform Propstack, the leased premises are located at Prestige Tech Cloud – Building 2 (Cumulus) in Devanahalli, a region that has increasingly attracted large global occupiers over the past two years.
The transaction was executed by WM Global Technology Services India Pvt Ltd, which operates Walmart’s global technology and digital services operations in India. The lease covers three floors — the ground, seventh and eighth — leased from Prestige Realty Ventures.
Records indicate that the hire is roughly ₹48.82 per sq ft, with a security deposit of ₹3.90 crore. The contract provides for a 4% yearly rental escalation, and the rent starting date has been set for March 1, 2026.
Walmart's long-term commitment to India as a major technology and innovation hub gets solidified further with this recent deal.
As per, HT, spokesperson for Walmart, confirming the deal, said that the newly rented facility would be instrumental in supporting the company's growing operational needs. “At Walmart, we believe strongly in the value of in-person collaboration. Across our global offices, we follow a five-day in-office schedule that strengthens teamwork, innovation and shared problem-solving. The newly leased office space in Bengaluru will house our Walmart Contact Center, which supports customer experience services for customers in the United States,” the spokesperson said.
North Bengaluru Gains Momentum
Real estate experts are viewing this transaction as a convincing acceptance of North Bengaluru, especially the Devanahalli area, which is experiencing fast infrastructure growth.
Raja Seetharaman, Co-founder of Propstack, said Walmart's move is a clear indication of a deep-rooted change in the way global firms look for their office locations in Bengaluru. He said, for a Fortune 1 company like Walmart to be the one leasing over 100,000 square feet in Devanahalli is a loud confirmation of the corridor's capacity. It demonstrates that huge global capability centres are not just passively looking at the outskirts of the city for their next office location but actively seeking the Devanahalli district as an option.
In his views, the airport being nearby, the presence of large-format offices and the additional space for development in the future are the three main reasons that have occupiers heading towards that location.
Walmart's Bengaluru lease is only one of many big office space deals made by Walmart Global Tech India in different cities of India.
At the beginning of the year, the company rented out about 4.65 lakh sq ft in Chennai to open its second Global Capability Centre (GCC) in the country. According to industry reports, last year, Walmart was close to reaching an agreement with the Prestige Group for a lease of approximately 9.5 lakh sq ft in Bengaluru to establish its first GCC in India.
These transactions are the main signals of Walmart's huge tech-driven commitment to India. Besides that, they also hint at other related businesses like Data Analytics, Cybersecurity, and Customer Experience that might soon follow.
This signing is one of the very few bright spots in the overall Indian commercial real estate sector, which is slowly getting back to normal after a tough period, and which is undergoing a slight recalibration at the same time, i.e., large occupiers are again close to signing long-term leases. Development of Grade A office projects close to major transport nodes, such as airports and metro corridors, is picking up pace as per the observations of developers.
As a result of more multinational companies ramping up operations and their employees returning to physical offices, the demand for commercial real estate in Bengaluru, especially in emerging micro-markets such as Devanahalli, is likely to remain strong for the next several years
.png)