Walmart Global Tech has leased 1.01 lakh sq ft of office space in North Bengaluru’s Devanahalli for five years, underscoring its commitment to India and in-office collaboration. The deal highlights growing enterprise interest in airport-linked business corridors and signals Devanahalli’s rise as a key GCC destination.
Walmart Global Tech India has expanded its presence in Bengaluru by leasing 1.01 lakh square feet of office space in North Bengaluru, signaling continued investment in India as a strategic technology hub. The five-year lease carries a monthly rent of nearly ₹49 lakh, according to property registration documents accessed through Propstack. The transaction adds to Walmart’s growing real estate footprint across major Indian cities and reflects sustained demand from global enterprises for large-format office spaces.
Details of the Lease Agreement
The space has been leased by WM Global Technology Services India Pvt Ltd at Prestige Tech Cloud, Building 2 (Cumulus), developed by Prestige Realty Ventures. Located in Devanahalli, near Bengaluru International Airport, the premises span three levels—the ground, seventh, and eighth floors. The effective rental stands at ₹48.82 per square foot, with a security deposit of ₹3.90 crore. The agreement includes a 4% annual rent escalation, with rent commencing on March 1, 2026.
Focus on In-Person Collaboration
Confirming the purpose of the new facility, a Walmart spokesperson said, “At Walmart, we have embraced the power of coming together in person with a five-day in-office schedule across our global offices.” The spokesperson added that the Bengaluru space will house Walmart’s Contact Center, supporting customer experience services for U.S. customers, and is designed to “strengthen collaboration, in-person connections, and bring our people-led, tech-powered approach to life.”
Part of a Larger India Expansion Strategy
This lease follows a series of large office transactions by Walmart Global Tech in India. Earlier this year, the company leased nearly 4.65 lakh sq ft in Chennai to set up its second Global Capability Center in the country. In 2024, it had taken close to 9.5 lakh sq ft at Prestige Tech Pacific in Bengaluru for its first India GCC. Together, these moves underline India’s central role in Walmart’s global technology and innovation roadmap.
Devanahalli Emerges as a GCC Hotspot
Industry experts see the deal as a strong endorsement of North Bengaluru’s growth potential. Raja Seetharaman, co-founder of Propstack, noted, “For a Fortune 1 company like Walmart to lease over 1 lakh sq ft here validates the area as the next big hub for Global Capability Centers.” He pointed out that large occupiers are increasingly moving beyond established corridors such as Outer Ring Road to airport-adjacent locations offering better infrastructure and long-term scalability.
Shifting Office Market Dynamics
Walmart’s latest lease highlights a broader shift in India’s office market, where global occupiers are prioritizing large, future-ready campuses and accessibility over traditional tech clusters. With improving connectivity and a growing number of available land parcels, micro-markets like Devanahalli are attracting enterprise-grade demand. As more multinational firms follow this path, North Bengaluru is poised to play a significant role in the next phase of the city’s commercial real estate growth.
