Amazon’s Landmark North Bengaluru Lease Signals Office Market Revival

In a move set to reshape North Bengaluru’s commercial landscape, Amazon Development Centre India and Amazon Seller Services have inked a landmark lease for over 1 million square feet of office space in Kattigenahalli, just a 25-minute drive from Kempegowda International Airport. The 11-storey building, leased from Sattva Horizon Private Limited, will accommodate more than 6,000–7,000 employees, consolidating Amazon’s expanding footprint in India’s tech capital.

The agreement, which commenced on October 9, 2024, is valued at a monthly rent of ₹6.1 crore—with Amazon paying ₹62.04 per sq ft for a carpet area of 7.14 lakh sq ft and a chargeable area of 9.86 lakh sq ft. The lease spans 10 years, featuring a 15% rent escalation every three years, and notably, requires no upfront deposit. This strategic deal is expected to further ignite demand for office and residential properties in the area, with real estate experts predicting a ripple effect across North Bengaluru’s property market.

Kattigenahalli: A Rising Hub

Kattigenahalli is already recognized for its robust infrastructure and connectivity along Airport Road. The micro-market is a thriving hub, where a 2BHK apartment typically rents for ₹20,000–₹25,000 per month, and annual rental appreciation averages 10–15%.

• New residential projects offer 2BHK units priced between ₹80 lakh and ₹1 crore
• Residential yields stand at 3–4% annually
• Commercial properties are even more lucrative, with ground-floor spaces commanding ₹80–₹100 per sq ft and annual returns around 6%

Amazon’s Ongoing Expansion

This isn’t Amazon’s first major Bengaluru transaction. In November 2024, Amazon Development Centre India Private Limited renewed its lease for 6.76 lakh sq ft at the Taurus 3 facility in Constellation Business Park for a starting monthly rent of ₹4.92 crore. That deal, registered on October 18, 2024, involved a stamp duty of ₹1.11 crore and a registration fee of ₹56.04 lakh.

Market Impact

With office demand surging—Bengaluru accounted for 22% of India’s top eight office markets in Q1 2025—Amazon’s expansion underlines the city’s enduring appeal as a technology and business powerhouse. The move is expected to further cement North Bengaluru as a magnet for multinational corporations and real estate investors, driving both infrastructure upgrades and property values.