Walmart’s technology and innovation arm, Walmart Global Tech India, has leased 1.01 lakh square feet of office space for a five-year term at a monthly rent of nearly ₹49 lakh in Bengaluru, according to property registration documents accessed by Propstack.

The space, spread across three floors at Prestige Tech Cloud in Devanahalli near the city’s international airport, underscores the growing preference of large global occupiers for emerging office hubs beyond Bengaluru’s traditional tech corridors, according to a report by The Hindustan Times.

The lease works out to a per sq ft rent of ₹48.82, with a security deposit of ₹3.90 crore. The agreement includes a 4% annual rent escalation, with the rent commencement date set for March 1, 2026, the documents showed.

“At Walmart, we have embraced the power of coming together in person with a five-day in-office schedule across our global offices. Our workplaces are designed to support this shift—strengthen collaboration, in-person connections, and bring our people-led, tech-powered approach to life. The recently leased space in Bangalore houses our Walmart Contact Center, which supports customer experience services for U.S. customers,” said an official spokesperson.

Earlier this year, the US retail giant Walmart’s Indian technology arm had leased nearly 465,000 square feet of office in Chennai for setting up its second global capability centre (GCC) in the country.

The company had leased about 950,000 sq ft in Bengaluru last year from Prestige Group in the company’s Prestige Tech Pacific to set up its first GCC in India, as per media reports.

According to Raja Seetharaman, co-founder Propstack, the deal is a major vote of confidence for North Bangalore and specifically the Devanahalli corridor. 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 (GCCs).

It signals that large occupiers are now actively looking beyond traditional tech corridors like ORR to locations near the airport that offer better infrastructure and scalability, he said.