Amazon has leased over 1 million sq ft of office space in North Bengaluru’s Kattigenahalli, signalling strong demand in the area. The 10-year deal, valued at ₹6.1 crore per month, is expected to house 6,000–7,000 employees and boost commercial and residential investment interest in the well-connected micro-market.
Amazon Leases 1 Million+ Sq Ft in North Bengaluru
In a significant real estate development, Amazon Development Centre India and Amazon Seller Services have signed a long-term lease for over 1 million square feet of office space in Kattigenahalli, North Bengaluru. The monthly rent is pegged at ₹6.1 crore, as per documents reviewed by Propstack, a property data analytics firm. This deal covers an entire 11-floor building and is expected to accommodate 6,000 to 7,000 employees. The rental agreement kicked off on October 9, 2024, and spans a 10-year term.
The leased property sits along Airport Road, just 25 minutes from Kempegowda International Airport, and offers a strategic location and modern infrastructure. “This transaction could trigger further demand in the area,” noted industry experts, as the region develops into a key business hub.
Rental Terms and Strategic Location
Amazon is paying ₹62.04 per sq ft for a carpet area of 7.14 lakh sq ft and a chargeable area of 9.86 lakh sq ft. The lease agreement, signed with Sattva Horizon Private Limited, includes a 15% rent escalation every three years but notably comes with zero upfront deposit. While Sattva Group declined to comment on the deal, email queries to Amazon are still awaiting a response.
This move further strengthens Amazon’s foothold in the city. Last November, the tech giant renewed a five-year lease for 6.76 lakh sq ft in Constellation Business Park’s Taurus 3 facility at a monthly rent of ₹4.92 crore. That earlier lease was signed with Bagmane Developers Private Limited and came with a stamp duty of ₹1.11 crore.
Real Estate Ripple Effect in Kattigenahalli
The deal is a strong signal for investors and developers eyeing North Bengaluru. Kattigenahalli, the micro-market in focus, is already a thriving residential and commercial zone. Currently, 2BHK apartments command rents between ₹20,000 and ₹25,000 per month, with annual appreciation averaging 10–15%.
Industry insiders highlight the area’s strong investment metrics. Residential properties yield 3–4% annually, while commercial spaces—especially on the ground floor—fetch ₹80–₹100 per sq ft, offering around 6% ROI. “The proximity to reputed educational institutions and the Yelahanka Air Force Base only adds to the area’s long-term value,” a local real estate consultant said.
Implications for Bengaluru’s Office Market
Amazon’s latest expansion is expected to spark more interest in managed and flexible office solutions in the region. With multinational tenants showing a preference for plug-and-play spaces in well-connected corridors, North Bengaluru’s rise appears inevitable. The company’s scale of leasing activity also indicates a bullish outlook for tech-led office demand, even amid evolving workplace trends.
As developers continue to tap into the growth momentum, Kattigenahalli could soon rival traditional business districts, making this Amazon deal significant and potentially transformative for Bengaluru’s commercial real estate landscape.
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