Honeywell Leases 4 Lakh Sq Ft at RMZ Ecoworld, Reinforcing Bengaluru’s GCC Strength

Global technology major Honeywell Technology Solutions Lab Pvt Ltd has taken on lease close to 4 lakh sq ft of premium office space at RMZ Ecoworld in the Bellandur area of Bengaluru, reinforcing the city’s position as India’s most preferred destination for global capability centres. The transaction, registered from January 1, 2026, is for a tenure of seven years and involves a total rental commitment of around ₹429 crore.

According to property registration documents, the leased area measures 3,99,220 sq ft and spans multiple floors, from the ground to the second floor and the fourth to the ninth floor of the building. The asset is owned by Arliga Ecoworld Business Parks Private Limited. Honeywell will pay a starting monthly rent of about ₹4.39 crore, translating to a rental value of nearly ₹110 per sq ft per month, with a 5% annual escalation built into the agreement.

The lease also includes 499 car parking slots, highlighting the large-scale nature of the occupancy. In addition, Honeywell has secured an expansion option, allowing it to lease additional space in a phased manner at RMZ Ecoworld Campus 5B. This includes over 1.36 lakh sq ft across two floors, which can be exercised on or before June 1, 2026. A security deposit of approximately ₹26.85 crore has been paid as part of the transaction.

The deal comes at a time when global capability centres continue to drive India’s office leasing momentum. Bengaluru remains at the forefront, supported by its deep talent pool, mature technology ecosystem and strong infrastructure along key corridors such as the Outer Ring Road and Bellandur. Large campuses like RMZ Ecoworld have become preferred choices for multinational occupiers due to their scale, sustainability features and proximity to residential catchments.

Industry data shows that office leasing across major Indian cities touched over 82 million sq ft in 2025, with Bengaluru, Mumbai and NCR together accounting for more than 60% of total absorption. GCCs alone are expected to contribute up to 40% of overall leasing demand in 2026.

Honeywell’s long-term commitment further strengthens Bengaluru’s office market outlook, signalling sustained confidence from global occupiers in India’s commercial real estate and technology-driven growth story.