4 lakh sq ft space leased by Honeywell Technology in Bengaluru
American tech firm, Honeywell, has leased 399,220 square feet of office space at Ecoworld in Bellandur in Bengaluru. The firm leased the space through its Indian arm, Honeywell Technology Solutions Lab, for 7 years.
The space is leased for a rent of Rs 429 crores for the space spanning multiple floors, covering the ground to the second floors and the fourth to the ninth floors of the building. There is a 5% annual escalation clause in the lease agreement.
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