ExxonMobil has renewed its five-year lease for 5.31 lakh sq ft in Bengaluru’s Whitefield, committing ₹2.60 crore monthly. The deal reflects growing occupier confidence in India’s top tech hub. Recent mega-leases by Amazon and Google further reinforce Bengaluru’s dominance in attracting global giants to premium commercial office spaces.
Texas-headquartered energy major ExxonMobil has renewed its lease for a massive 5.31 lakh square feet of office space in Bengaluru’s Whitefield for another five years. The lease, valued at ₹2.60 crore per month, began on November 1, 2023, and includes the option to extend for an additional five years, according to documents accessed by Propstack.
The leased space is located in Prestige Shantiniketan, one of East Bengaluru’s most prominent IT campuses. ExxonMobil will occupy multiple floors across two towers—Crescent 1 and Crescent 2—under Prestige Estate Projects Limited and INR Holdings as landlords. The rent, fixed at ₹49 per sq ft, is subject to a 15% escalation every three years. Notably, the agreement includes 500 parking spots and a three-year lock-in period, with no upfront deposit paid.
This deal underscores the enduring demand for Grade A office real estate in India’s Silicon Valley, even as the global debate over hybrid work continues. The strategic choice of Whitefield—a well-established IT corridor—reinforces Bengaluru’s status as a preferred destination for global firms seeking a long-term presence and access to talent.
The ExxonMobil renewal adds to a string of recent big-ticket commercial transactions in the city. In June 2025, Amazon leased over 1 million square feet of office space in Kattigenahalli, near Bengaluru International Airport. The 10-year lease agreement, priced at ₹62.04 per square foot, commenced in October 2024 and includes both the development and seller services arms of Amazon India. The monthly rental value is pegged at ₹6.1 crore.
Another notable transaction occurred in April 2025, when Google IT Services India renewed its lease for 8.7 lakh sq ft in East Bengaluru’s Doddanekkundi. The five-year lease spans the Kyoto East and West Towers at Bagmane Capital Business Park, with a total annual rental outlay of ₹90 crore. Previously held under Google Connect Services India, the lease was extended through an affiliate arm, underscoring Google’s continued footprint expansion in India.
Together, these deals show that despite global economic uncertainties, global corporations remain committed to investing in India’s office space, especially in Bengaluru, which continues to attract the lion’s share of tech and IT-enabled service occupiers.
With strong infrastructure, a deep talent pool, and maturing business districts, Bengaluru remains the epicentre of India’s corporate real estate growth story. From energy to e-commerce to tech giants, long-term commitments like ExxonMobil’s signal not just continuity, but growing confidence in the city’s future as a global workspace hub.
