ExxonMobil Secures 5.3 Lakh Sq Ft Bengaluru Office Space in ₹150 Crore Five-Year Deal

Bengaluru, July 10, 2025 – American energy corporation ExxonMobil has reportedly renewed its lease agreement for an expansive 5.3 lakh square feet office space in Bengaluru, signaling its sustained commitment to India's technology and innovation center. According to industry sources, the lease extension spans five years with a monthly rental commitment of ₹2.60 crore.

Strategic Location at Embassy Manyata Business Park

The office facility is situated within Embassy Manyata Business Park, recognized as one of Bengaluru's premier tech campuses that hosts numerous multinational corporations. ExxonMobil's workspace reportedly encompasses multiple floors equipped with advanced facilities designed to support the company's business operations and technology initiatives.

Expansion of Digital Operations and Shared Services

Industry analysts suggest that this lease renewal demonstrates the company's ongoing expansion of its shared services and digital innovation teams in India. The total rental value over the lease term is estimated to exceed ₹150 crore, making it one of the significant commercial real estate investments in the region.

Market Confidence in Indian Commercial Real Estate

Real estate experts interpret this transaction as a positive indicator for India's commercial property market, particularly in Bengaluru, which continues to lead in office space absorption nationwide. The city remains attractive to multinational companies due to its skilled technology workforce, robust infrastructure, and dynamic business environment, similar to trends seen in other global investment hotspots.

This development aligns with the broader pattern of international investment in Indian real estate, as multinational corporations continue to establish and expand their operations across major Indian cities.

Disclaimer: This news article is based on publicly available information and industry reports. The details mentioned are subject to verification and may change. Readers are advised to consult official sources and conduct their own research before making any investment or business decisions based on this information.