HomeReal EstateCommercialAirbus Leases 6.5 Lakh Sq Ft Office Space in Bengaluru to Boost...

Airbus Leases 6.5 Lakh Sq Ft Office Space in Bengaluru to Boost Global Capabilities

Airbus, the European aerospace and defense giant, has leased a substantial 6.5 lakh square feet of office space in Bengaluru’s Titanium Tech Park, marking a major expansion of its operations in India. The company has signed a long-term lease for 10 years, committing to over Rs 500 crore in rental payments for the entire building.

This new office will house Airbus’ global capability centre (GCC), focusing on supporting its worldwide innovation, technology development, and strategic initiatives. As part of the deal, Airbus has the option to expand the space by an additional 150,000 square feet after one year, which could bring the total leased area to 8 lakh square feet. The lease also includes a provision for a 15% rent escalation every three years, ensuring the lease terms are adjusted in line with market conditions. The lease agreement further provides an option to extend the contract by an additional five years, taking the total potential lease period to 15 years. Airbus is set to begin fit-out work at the site in the coming weeks, with the space expected to support a growing workforce in line with the company’s expanding role in India. Airbus has a significant and growing presence in India, which is considered the world’s fastest-growing civil aviation market. The company is deeply involved in commercial aviation, defense, and aerospace manufacturing, with an engineering centre in Bengaluru and strong partnerships with Indian suppliers such as Tata Advanced Systems and HAL.

India’s demand for civil aircraft continues to soar, with major airlines like IndiGo and Air India placing significant orders for Airbus aircraft. In the defense sector, Airbus is involved in projects like the C295 aircraft, with the first ‘Make in India’ C295 expected to roll out from its Vadodara facility in September 2026. The deal also reflects the broader trends in India’s office real estate market, where there is robust demand, especially from global capability centres (GCCs). These centres are a key driver of commercial property absorption in the country, and the government is working on policies to further support their expansion into smaller towns and cities. With the demand for office spaces driven by global and domestic corporations, particularly in sectors like technology and manufacturing, the Indian office market is poised for continued growth. The Airbus lease underscores India’s strategic importance in the global corporate real estate landscape and highlights the country’s resilience as a hub for innovation and manufacturing.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Omaxe Eternity 2 Records Strong Early Demand In Vrindavan

Omaxe Eternity 2 Records Strong Early Demand In Vrindavan

0
Vrindavan’s residential real estate market has recorded a sharp surge in demand following the swift absorption of a newly launched integrated township, signalling a...
Techno Paints Expands Reach With Sachin Tendulkar As Brand Ambassador

Techno Paints Expands Reach With Sachin Tendulkar As Brand Ambassador

0
Techno Paints and Chemicals has announced the appointment of cricket legend Sachin Tendulkar as its brand ambassador for a three-year tenure, signalling the company’s...
Mumbai Dharavi Project Promises Secure Housing Transition

Mumbai Dharavi Project Promises Secure Housing Transition

0
Mumbai’s long-awaited Dharavi redevelopment initiative is moving towards a formal launch, with the Maharashtra government preparing to seek central support for the project’s foundation...
Lodha Expands Project Pipeline Across Three Major Indian Cities

Lodha Expands Project Pipeline Across Three Major Indian Cities

0
Lodha Developers has strengthened its multi-city development pipeline after securing five new land parcels across Mumbai Metropolitan Region, Delhi-NCR, and Bengaluru during the third...
Mumbai commercial property sees consolidation driven deal

Mumbai Commercial Property Sees Consolidation Driven Deal

0
A cluster of commercial office units in Mumbai’s Santacruz East has changed hands in a high-value consolidation move, reflecting how investors are reworking ownership...