US-based technology major Honeywell has expanded its India presence by leasing nearly 400,000 sq ft of office space at RMZ Ecoworld in Bellandur, Bengaluru. The long-term lease highlights the company’s continued focus on scaling its Global Capability Center operations in one of India’s key technology hubs.
The transaction was executed through Honeywell Technology Solutions Lab and is among the largest single-tenant office deals in Bengaluru’s Outer Ring Road micro-market. It reflects Honeywell’s long-term commitment to India as a strategic base for global technology and engineering work.
Honeywell has leased 399,220 sq ft at RMZ Ecoworld, Bellandur, Bengaluru. The lease starts on January 1, 2026, with a tenure of 7 years. The monthly rent is ₹4.39 crore at a rental rate of ₹110 per sq ft. The total lease value is estimated at around ₹429 crore, excluding escalations and additional charges. The agreement includes an annual escalation of 5%, in line with current benchmarks for Grade A commercial assets in Bengaluru’s prime technology zones.
The agreement also provides Honeywell with expansion options for an additional 136,000 sq ft within the RMZ Ecoworld campus. This phased expansion is planned across multiple floors and is expected to be completed by June 1, subject to agreed conditions. The provision allows Honeywell to scale its GCC capacity in line with business needs and talent growth.
Industry observers see the deal as a strong signal of sustained demand from global enterprises for GCC-ready office infrastructure in Bengaluru. Bellandur and the ORR corridor continue to attract occupiers due to large and scalable floor plates, campus-style developments, access to deep technology talent pools, and a mature ecosystem that supports global delivery models.
The lease underlines broader trends in India’s GCC ecosystem, including long-term commitments by multinational companies, preference for high-quality office campuses, alignment with return-to-office strategies, and Bengaluru’s position as India’s leading GCC and office leasing market.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
