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Airbus India Private Limited Expands Bengaluru Footprint to Nearly 8 Lakh Sq Ft

Airbus India Private Limited Expands Bengaluru Footprint to Nearly 8 Lakh Sq Ft (3)

Global aerospace and defence major Airbus India Private Limited has leased 1.51 lakh sq ft of office space at Titanium Tech Park in Bengaluru, according to documents accessed by CRE Matrix. The deal strengthens the company’s long-term expansion strategy in India. With this addition, Airbus continues to scale its technology and engineering footprint in the city.

Deal Details 

Airbus leased 1,14,955 sq ft across the third and fourth floors and 36,755 sq ft on the ground floor. The company agreed to pay ₹64 per sq ft per month. It will pay ₹73.57 lakh for the upper floors and ₹23.52 lakh for the ground floor. The total leased area stands at 1,51,710 sq ft. The total monthly rent stands at ₹97.09 lakh. The lease runs for eight years until October 31, 2034. The company paid a security deposit of ₹4.75 crore for the upper floors and ₹1.52 crore for the ground floor. The agreement also includes 203 parking spaces across all floors.

Earlier 6.2 Lakh Sq Ft Commitment

Last year, Airbus leased over 6.2 lakh sq ft in the same tower to establish its global capability centre. The company took 5.63 lakh sq ft across the sixth to the fifteenth floors at a monthly rent of ₹3.60 crore. It also leased 57,508 sq ft on the fifth floor for ₹36.80 lakh per month. The earlier agreement included a scalability clause that allowed Airbus to add another 1.5 lakh sq ft and extend the lease by five years, potentially making it a 15-year commitment.

Market Outlook and Sentiments

India’s office market continues to show strong momentum, with leasing activity nearing record levels and Bengaluru leading demand. Global capability centres, technology firms, and flex operators are driving fresh absorption despite global uncertainties.

Improving sentiment indicators reflect renewed confidence in premium office assets. The Airbus expansion aligns with this broader optimism, as large occupiers continue to secure quality space in Bengaluru. This, in turn, indicates sustained demand in India’s commercial real estate market.

Recent office space transactions in Bengaluru highlight sustained demand from global occupiers and technology majors. In one of the largest commercial leasing deals of 2025, IBM India Pvt. Ltd. leased 161,884 sq ft of Grade-A office space at Embassy Golflinks Business Park (EGL), Bengaluru.

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IBM Leases 1.62 Lakh Sq Ft at Embassy Golflinks, Bengaluru for ₹2.4 Cr Monthly Rent

IBM leases space

In one of the largest commercial leasing transactions of 2025, IBM India Pvt. Ltd. has leased 161,884 sq ft of Grade-A office space at Embassy Golflinks Business Park (EGL), Bengaluru. According to documents accessed by CRE Matrix, the transaction was registered on 23 September 2025.

Transaction Structure and Financial Terms

IBM India Pvt. Ltd., the licensee in the transaction, has leased a total built-up area of 161,884 sq ft. The starting monthly rent is ₹2,42,82,600, translating to ₹150 per sq ft. The company has paid a security deposit of ₹14,56,95,600 for the lease. This runs for a total tenure of 60 months with a lock-in period of 36 months. The agreement also provides IBM with 216 car parking slots at a charge of ₹4,526.70 per slot. IBM was scheduled to take possession on 17 April 2025, followed by a 45-day rent-free fit-out period before full rent commences.

Fit-Out Terms Highlight Long-Term Occupation Strategy

The lease includes a detailed fit-out arrangement that reflects a large-scale and long-term workspace buildout. During the fit-out phase, IBM will pay a fit-out rent of ₹63.09 per sq ft and has furnished a fit-out security deposit of ₹6,12,79,569. This is equivalent to six months of fit-out charges. Major technology and consulting firms typically use such commercial terms when they make substantial investments in customized office infrastructure. They do this to support delivery, engineering, and innovation-led teams.

Prime Campus Location Strengthens EGL’s Market Position

IBM has leased space across Unit 3 and Unit 4 on the third floor and Unit 1 and Unit 2 on the fourth floor of the Pine Valley block at Embassy Golflinks, Challaghatta. Positioned between Koramangala and Old Airport Road, Embassy Golflinks Business Park remains one of India’s most sought-after integrated technology campuses.

The park continues to attract Fortune 500 occupiers across IT services, BFSI, cybersecurity, research and development, and consulting sectors. IBM’s high-value lease further reinforces the sustained demand for Grade-A office spaces in Bengaluru. Furthermore, it highlights the city’s continued importance as a global technology and business hub.

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Bengaluru’s Luxury Housing Market Crosses ₹1,000 Crore in Sales

Bengaluru’s Luxury Housing Market Crosses ₹1,000 Crore in Sales

Bengaluru’s luxury housing market hit a historic milestone in FY 2024–25, with cumulative sales of homes priced at ₹10 crore and above crossing ₹1,000 crore for the first time. As highlighted in the Luxury Housing Report FY’24–25 (Bengaluru) by India Sotheby’s International Realty and CRE Matrix, the segment witnessed nearly 59% year-on-year growth, underscoring the city’s growing stature in India’s high-end residential landscape.

Luxury Sales Accelerate Despite Limited Supply

The ₹1,000-crore milestone was achieved with a relatively small number of transactions—fewer than 150–200 ultra-luxury units. The popularity of the exceptionally high ticket sizes in this segment deserves recognition. Average deal values ranged between ₹10 crore and ₹25 crore per home, with select transactions surpassing this range.

Apartments priced between ₹10–12 crore witnessed the strongest demand, offering buyers a balance between exclusivity, size, and practicality. Limited inventory, controlled launches, and a clear shift by developers toward fewer, larger residences rather than volume-led projects helped sustain pricing and drive value growth.

High-Income Buyers Fuel Sustained Demand

Demand in Bengaluru’s luxury segment continues to be driven by CXOs, startup founders, promoters, and entrepreneurs. Many of them already own multiple properties. Clearly, these buyers are upgrading to luxury homes for enhanced space, privacy, and lifestyle-led living.

A notable trend is the rising preference for large-format luxury apartments ranging between 5,000 and 7,000 sq. ft. Features such as expansive floor plates, low-density developments, private elevators, and premium amenities are key decision drivers. Moreover, proximity to central business districts and established residential hubs continues to play a critical role in influencing buyer preference.

Hebbal Leads Bengaluru’s Luxury Micro-Markets

Among luxury micro-markets, Hebbal emerged as the top performer, contributing 22% of Bengaluru’s total luxury housing sales value. Additionally, strong connectivity, proximity to business hubs, and an evolving premium residential ecosystem have made it a preferred destination for high-net-worth buyers.

A Market Showing Long-Term Momentum

The data points to sustained momentum rather than a short-term spike. The number of luxury units sold has grown at a compound annual rate of 47% since FY 2022–23, indicating robust and consistent demand. While luxury homes form a relatively small share of overall housing volumes, their contribution to total residential value is rising steadily.

Bengaluru Joins India’s Top Luxury Housing League

Crossing the ₹1,000-crore annual sales mark places Bengaluru alongside India’s established luxury housing markets. For developers, the trend signals scope for selective and well-positioned luxury expansion. For buyers and investors, it reinforces Bengaluru’s potential for long-term capital appreciation and its growing stature as a premium residential destination.

As the city’s wealth base expands and high-end supply remains disciplined, Bengaluru’s luxury housing market appears well-positioned for continued, sustainable growth.

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Northwest Bengaluru’s Property Prices Set to Outpace City Average, Easing Traffic Challenges

North_West_Bengaluru

According to a report released on August 14 by CRE Matrix, North West Bengaluru, which includes neighborhoods like Peenya, Rajajinagar, Yeshwanthpur, and Malleshwaram is expected to see faster growth in residential sales and prices over the next five years than its counterparts in the IT capital.

North West Bengaluru sees the sale of 2,500 residential units annually on average, or roughly 6% of total sales in the city. According to the reports, the average demand-to-supply ratio in the area is 1.7x, which is the highest of all the micro markets in the city. 

According to the survey, prominent real estate players like Godrej Properties, Mantri, and Birla Estate are actively developing projects in the region. Furthermore, the survey stated that Rs.16,000 crore worth of ongoing and planned infrastructure initiatives could enhance North West Bengaluru’s connectivity with the rest of the city.

Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix and Indextap.com asserts, “North West is the immediate solution to Bengaluru’s massive congestion problem – it has everything – the Greenery, better AQI, best of the residential developer brands, marquee commercial assets already present and some trophy assets coming up shortly, the best of malls – and it is equidistant to the airport as well as CBD Bengaluru.”

Though only contributing 6% of Bengaluru’s yearly residential sales, the region is home to 27% of the city’s population (3.9 million). This suggests significant potential for expansion and alleviation of Bengaluru’s notorious traffic problems.

Bengaluru has the most traffic among Indian megacities with a population of more than 8 million, according to the most recent traffic index study conducted by the Dutch multinational TomTom. The average speed for Bengaluru during rush hour is 18 km/hour and the time lost each year during peak traffic time is about 132 hours. Due to congestion in major employment zones like Outer Ring Road and Whitefield, Bengaluru faces a total productivity loss of Rs 1 Lakh Cr. By 2028, with the completion of metro phases, Northwest Bengaluru is expected to be fully connected to all parts of the city within a travel time of 30 minutes.

Northwest Bengaluru has also witnessed tremendous development in the commercial real estate sector. The region currently has 2.1 million square feet of office space, with seven Grade A assets under construction. Prominent businesses such as Amazon, H&M, Regus, and Samsung have recognized North West Bengaluru as an important destination for their real estate holdings. The area is seen as a tenant’s market, with rental rates expected to increase by 6-8% annually over the next five years. Additionally, strata sales of office units have picked up since 2021, with the region absorbing at least 1.5 lakh sq ft of office space annually. This demand is expected to surpass 2 lakh sq ft in CY 2024, driven by new supply and improved connectivity.

With 45% of office space in North Bengaluru occupied by global capability centers, the region is becoming an integral part of the city’s commercial landscape. As infrastructure and connectivity improve, Northwest Bengaluru is likely to witness robust growth in both residential and commercial real estate, making it a key player in addressing Bengaluru’s traffic congestion and housing demand.

For detailed insights download the MICRO-MARKET INSIGHTS REPORT of Bengaluru (North-West).