Walmart Expands Bengaluru Presence with 1 Lakh Sq Ft Lease Near Airport
Walmart Global Tech India, the technology and innovation arm of the US retail giant Walmart, has significantly expanded its footprint in Bengaluru by leasing over 1 lakh square feet of office space in the city’s rapidly developing northern corridor. The lease, covering 1.01 lakh sq ft at a monthly rental of almost Rs 49 lakh, is a clear indication of the growing interest in areas near the Bengaluru International 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. This region has increasingly attracted large global occupiers over the past two years, making it a prime location for tech and innovation hubs.
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 rent 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 is further solidified with this recent deal. A spokesperson for Walmart confirmed the deal, stating, “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.”
Real estate experts are viewing this transaction as a convincing acceptance of North Bengaluru, especially the Devanahalli area, which is experiencing rapid infrastructure growth. Raja Seetharaman, Co-founder of Propstack, commented, “Walmart's move is a clear indication of a deep-rooted change in the way global firms look for their office locations in Bengaluru. For a Fortune 1 company like Walmart to lease over 100,000 square feet in Devanahalli is a loud confirmation of the corridor's capacity. It demonstrates that major global capability centers 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.”
Seetharaman highlighted the airport's proximity, the presence of large-format offices, and the additional space for future development as the three main reasons attracting occupiers to this location. Walmart's Bengaluru lease is just one of many big office space deals made by Walmart Global Tech India in different cities across India. At the beginning of the year, the company rented about 4.65 lakh sq ft in Chennai to open its second Global Capability Centre (GCC) in the country. Last year, Walmart was reportedly 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 strong indicators of Walmart's tech-driven commitment to India. They also hint at the growth of related businesses such as Data Analytics, Cybersecurity, and Customer Experience that might soon follow. This signing is one of the few bright spots in the overall Indian commercial real estate sector, which is slowly recovering from a tough period and undergoing a slight recalibration. Developers observe that the development of Grade A office projects close to major transport nodes, such as airports and metro corridors, is picking up pace.
As more multinational companies ramp up operations and their employees return 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.
