Walmart expands Bengaluru presence with major office lease near airport

Walmart Global Tech India leased 1.01 lakh sq ft in Devanahalli, Bengaluru, near the airport, boosting North Bengaluru’s rise as a global office hub

Walmart Global Tech India, the technology and innovation arm of the US retail giant, has strengthened its footprint in Bengaluru by leasing over one lakh square feet of office space in the city’s northern corridor. The company has signed a five-year agreement for 1.01 lakh sq ft at Prestige Tech Cloud – Building 2 (Cumulus) in Devanahalli, a rapidly developing area near Kempegowda International Airport. The monthly rental is close to ₹49 lakh, with a security deposit of ₹3.90 crore and a 4% annual escalation. The lease covers three floors—ground, seventh, and eighth—and will commence in March 2026.

The deal was executed by WM Global Technology Services India Pvt Ltd, which manages Walmart’s global technology and digital operations in the country. The new facility is expected to support the company’s expanding operational requirements and reinforce its long-term commitment to India as a hub for innovation and technology services.

Industry experts view this transaction as a strong endorsement of North Bengaluru’s potential, particularly Devanahalli, which has seen rising interest from global firms over the past two years. The proximity to the airport, availability of large-format office spaces, and scope for future development are driving occupiers to this corridor.

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This lease adds to Walmart’s growing portfolio of office space in India. Earlier this year, the company rented 4.65 lakh sq ft in Chennai to establish its second Global Capability Centre (GCC). In 2024, Walmart was close to finalizing a 9.5 lakh sq ft lease in Bengaluru for its first GCC. These moves highlight the company’s expanding technology-driven operations in areas such as data analytics, cybersecurity, and customer experience.

The transaction also signals renewed momentum in India’s commercial real estate sector, which is recovering after a challenging period. Developers note that Grade A office projects near transport hubs, including airports and metro corridors, are attracting long-term commitments from multinational companies. With global firms scaling up operations and employees returning to physical offices, demand for office space in Bengaluru’s emerging micro-markets like Devanahalli is expected to remain strong in the coming years.

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