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Honeywell India has signed a long-term lease for nearly 4 lakh square feet of office space in the Bellandur micro-market of Bengaluru, agreeing to occupy the asset for seven years at a total rent of around INR 429 crore. The deal underscores robust demand for high-quality corporate office space in key technology corridors, driven by multinational and enterprise occupiers seeking large contiguous campuses. Bellandur, part of southeast Bengaluru's IT-tech belt, has emerged as a preferred destination due to its strong talent availability, established commercial infrastructure and improving connectivity.
Honeywell India has entered into a significant corporate leasing transaction in Bengaluru, securing nearly 4 lakh square feet of office space in the Bellandur locality on a long-term basis. The lease, agreed for seven years, carries a total rental commitment of approximately INR 429 crore, making it one of the notable large-format office deals in the city's commercial real estate market. Advertisement
Bellandur has emerged as one of Bengaluru's most active office sub-markets, driven by sustained demand from technology companies, global corporates and professional services firms. Its strategic location within southeast Bengaluru, proximity to major IT corridors such as the Outer Ring Road and Marathahalli, and access to a deep talent pool have contributed to its popularity among large occupiers.
The Honeywell transaction reflects strong occupier confidence in Bengaluru's office market. Despite the evolution of hybrid and flexible work models, leading corporates continue to commit to long-term office space, particularly in high-quality buildings that support collaboration, innovation and employee experience. Large leasing transactions such as this demonstrate a clear preference for stable, future-ready work environments.
The overall rental value of around INR 429 crore over seven years also highlights occupiers willingness to invest in premium office locations that offer long-term operational certainty. Such deals reinforce the strength of Bengaluru's commercial real estate fundamentals, supported by consistent demand from multinational firms expanding or consolidating their Indian operations.
For developers and landlords, large corporate leases provide visibility on cash flows and encourage continued investment in Grade A office supply. For occupiers, securing sizable office space on long tenures ensures cost predictability and flexibility to adapt workplace strategies over time. The Honeywell lease stands as a strong indicator of sustained momentum in Bengaluru's office leasing market.
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