Disney India Leases 1.75 Lakh Sq Ft Office Space in Bengaluru
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- Disney India has signed a five-year lease for nearly 1.75 lakh sq ft of office space in Bengaluru's Bellandur, valued at approximately Rs 127.84 crore.
- The deal underscores continued demand for premium office assets from multinational corporations in India.
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In a bold step, Disney India has finalized a substantial leasing agreement for a new office space in Bengaluru, covering nearly 1.75 lakh square feet in the thriving locality of Bellandur.
This long-term deal, valued at roughly Rs 127.84 crore over five years, officially began on February 1.
MUMBAI: Disney (India) has picked up nearly 1.75 lakh sq ft of office space in Bengaluru’s Bellandur locality through a long-term lease, underscoring continued demand from multinational occupiers for premium office assets in India’s largest office market.
Based on the agreed rentals and the 15% escalation after three years, Disney’s total rental commitment over the five-year lease tenure is estimated at about Rs 127.84 crore. The lease, categorised as a fresh agreement, has commenced from February 1.
The company has taken on lease 1,74,959 sq ft of office space across the sixth and seventh floors of RMZ Ecoworld Series 20. The property is owned by Vismaya Infrastructure.
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The company will pay a monthly rental of about Rs 2.01 crore, translating into a rental rate of Rs 115 per sq ft per month. The agreement also includes a security deposit of Rs 12.07 crore, showed the registration documents accessed through Propstack, a realty data analytics platform.
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The transaction adds to a series of large office leasing deals being signed in Bengaluru as global corporations continue to expand their footprint in India. The city remains the country’s largest office market, driven by technology companies, global capability centres (GCCs), engineering firms and multinational corporations.
ET’s email query to Disney India remained unanswered.
Bellandur, located along Bengaluru’s Outer Ring Road corridor, has emerged as one of the most sought-after office micro-markets, benefiting from its proximity to major technology hubs and a large concentration of Grade A office developments.
Large-format transactions in such developments continue to reflect occupiers’ preference for institutional-quality office assets offering scalability and access to talent.
