Booking.com Leases 1.11 Lakh Sq Ft in Bengaluru for ₹84.8 Crore

Booking.com Bengaluru office lease: Booking Holdings India Private Limited has leased 1.11 lakh sq ft of office space at RMZ Ecoworld in Bellandur, East Bengaluru, in a major commercial real estate transaction valued at approximately ₹84.8 crore over five years.

The latest deal highlights continued demand for large-format office spaces in Bengaluru’s established technology corridors, particularly the Outer Ring Road (ORR), where global companies, technology firms and global capability centres (GCCs) continue to expand their operations.

Booking.com Leases 1.11 Lakh Sq Ft in Bengaluru

According to property transaction data accessed by Propstack, Booking Holdings India has taken approximately 111,525 sq ft of chargeable office space at RMZ Ecoworld Series 30, Campus 30, in Bellandur.

The leased premises are located on the eighth floor of the campus. The lease commenced on July 3, 2026, with RMZ Hotels Private Limited listed as the landlord.

The transaction represents a substantial office commitment by Booking.com’s Indian operations and adds to the company’s existing presence within the RMZ Ecoworld development.

₹84.8 Crore Rent Commitment Over Five Years

Booking Holdings India will pay a monthly rent of approximately ₹1.33 crore for the newly leased premises. The rental rate works out to around ₹119.60 per sq ft per month.

Based on the five-year initial lease term, the total rental commitment is approximately ₹84.8 crore. The company has also paid a security deposit of about ₹8 crore.

The agreement includes a 15% escalation in rent every three years, according to the transaction data. This means the rental outgo can increase during the lease period based on the agreed escalation clause.

Booking.com Expands Its Existing Bengaluru Footprint

The new lease is not Booking.com’s first major office commitment at RMZ Ecoworld. With the latest transaction, Booking Holdings India’s combined occupied area within the development is estimated at approximately 2.65 lakh sq ft.

The company already occupies office space on the seventh and eighth floors of Campus 31, according to property transaction data.

The expansion indicates that the company is continuing to maintain a significant physical presence in Bengaluru rather than relying entirely on smaller distributed offices. For large technology and digital businesses, concentrated office campuses can support collaboration, employee amenities, technology infrastructure and operational efficiency.

Why Bellandur Remains a Key Bengaluru Office Hub

Bellandur is part of Bengaluru’s highly established Outer Ring Road office corridor, one of the city’s most important commercial real estate destinations.

The area has attracted technology companies, multinational corporations, financial services firms and GCCs because of its concentration of premium office developments and connectivity to other major employment hubs.

RMZ Ecoworld is one of the prominent commercial developments in this corridor. Its location provides companies with access to a large technology-oriented workforce and an established business ecosystem.

However, Bengaluru’s office market also faces challenges, including traffic congestion, infrastructure pressure and commuting difficulties. Despite these issues, major corporate occupiers continue to commit substantial capital to established business districts because of the advantages created by existing office infrastructure and talent availability.

Bengaluru Office Leasing Market Remains Strong

The Booking.com transaction comes at a time when Bengaluru continues to rank among India’s most important office leasing markets.

Demand is being supported by technology companies, multinational corporations, global capability centres and businesses looking for large, professionally managed workplaces.

Large transactions are particularly significant because they demonstrate that demand is not limited to small flexible-office requirements. Companies continue to sign multi-year leases for sizeable office campuses when they need long-term capacity.

Other Major Office Deals in Bengaluru

The Booking.com transaction is part of a broader pattern of large office leases across Bengaluru.

Aon Consulting Private Limited recently leased nearly 2 lakh sq ft of office space at Vista Earth Centre in Whitefield. The five-year rental commitment was approximately ₹98 crore, according to property registration data accessed by Propstack.

DHR Holding India Private Limited, the Indian subsidiary and GCC of life sciences and diagnostics company Danaher Corporation, also leased around 1.8 lakh sq ft of office space in Whitefield. The five-year rental commitment for that transaction was approximately ₹88 crore.

What the Booking.com Deal Means for Bengaluru Real Estate

The transaction provides another indication that Bengaluru’s premium office market continues to attract long-term corporate commitments.

One important trend is the continued importance of established office corridors. Companies selecting locations such as Bellandur and Whitefield can benefit from existing commercial ecosystems, nearby residential areas, transport connections and access to skilled employees.

Another important factor is the growing role of GCCs. Bengaluru has become a major destination for multinational companies establishing or expanding technology, research, analytics, finance and other specialised operations.

Large leases also provide landlords with greater visibility into future occupancy and rental income. For tenants, multi-year agreements can provide access to sizeable contiguous office areas while allowing companies to plan their workplace strategy over several years.

Why Large Office Leases Matter to Companies

A lease of more than one lakh square feet represents more than simply additional workspace. Such transactions can form part of a company’s long-term workforce and operations strategy.

Large offices can accommodate multiple teams under one campus, support shared facilities and reduce the need to operate across several disconnected locations. For technology-driven businesses, this can be particularly relevant when engineering, product, operations and corporate teams require coordinated working environments.

The rental commitment also shows why office real estate remains a significant operating cost for large companies. A multi-year lease allows a company to secure capacity but also creates a substantial fixed financial obligation.

Rental Escalation Is an Important Factor

The 15% escalation clause included in the Booking Holdings India lease is important when assessing the long-term cost of the transaction.

The headline five-year rent figure reflects the agreed rental structure, but escalation provisions can increase the effective cost during the lease term. Such clauses are common in commercial property agreements and are typically negotiated between landlords and corporate tenants based on market conditions, property quality and lease duration.

For landlords, escalation provides an opportunity to increase rental income over time. For tenants, it needs to be incorporated into long-term workplace and cost planning.

Bellandur vs Whitefield: Bengaluru’s Expanding Office Network

Bellandur and Whitefield represent two major parts of Bengaluru’s eastern and southeastern commercial real estate ecosystem.

Whitefield has developed into a major technology and GCC destination, while the Bellandur and ORR corridor has become particularly prominent for large technology companies and multinational occupiers.

The presence of multiple large transactions across both locations suggests that corporate demand is distributed across several established business districts rather than being concentrated in a single office market.

What to Watch in Bengaluru’s Commercial Property Market

Future leasing activity will depend on several factors, including technology-sector hiring, GCC expansion, corporate workplace policies and the broader Indian economic environment.

Companies are increasingly evaluating office space not only on rental cost but also on workforce accessibility, building quality, amenities, sustainability and proximity to established business ecosystems.

For Bengaluru landlords, the ability to attract multinational tenants for long-duration leases remains an important indicator of the strength of premium commercial real estate. For occupiers, the challenge is balancing employee experience and operational requirements with rising long-term occupancy costs.

Booking.com Bengaluru Office Lease: Key Takeaway

The Booking.com Bengaluru office lease is a significant commercial property transaction, with Booking Holdings India taking 111,525 sq ft at RMZ Ecoworld in Bellandur for an estimated ₹84.8 crore in rent over five years.

With a monthly rent of ₹1.33 crore, an ₹8 crore security deposit and a 15% escalation clause, the deal underlines the scale of investment involved in premium corporate workplaces.

More broadly, the transaction reinforces Bengaluru’s position as one of India’s leading office markets. Continued leasing by global companies, technology businesses and GCCs is likely to remain a key driver of demand across established corridors such as Bellandur, the Outer Ring Road and Whitefield.