India, Dec. 17 -- Walmart's technology and innovation arm, WM Global Technology Services India Pvt Ltd, also known as Walmart Global Tech India, has leased 1.01 lakh sq ft of office space for five years at a monthly rent of nearly Rs.49 lakh in Bengaluru, documents accessed by Propstack showed.

According to documents, the company has taken three floors, the ground, seventh and eighth floors, from Prestige Realty Ventures at Prestige Tech Cloud, Building 2 (Cumulus) in Devanahalli, near the Bengaluru airport.

The lease works out to a per sq ft rent of Rs.48.82, with a security deposit of Rs.3.90 crore. The agreement includes a 4% annual rent escalation, with the rent commencement date set for March 1, 2026, the documents showed.

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