Bengaluru Just Got a Lot More Interesting for Homebuyers
If you have been keeping an eye on Bengaluru real estate lately, here is a headline that should sharpen your focus: Zomato’s parent company, Eternal Ltd, has just signed one of the city’s biggest commercial leases of the year — 1.49 lakh sq ft on Bannerghatta Road, locked in for a decade. This is not just corporate news. For anyone looking at properties in Bangalore, especially in the South Bengaluru corridor, this development is a strong signal that the time to buy a flat near Bannerghatta Road is now.
What Happened, Exactly?
Eternal Ltd has leased close to 1.5 lakh sq ft of premium office space in the Vaishnavi BVS Senate building on Bannerghatta Road, Bilekahalli. The company will occupy the 7th, 8th, and 9th floors of the tower. The total chargeable area leased stands at 1,49,700 sq ft, with a carpet area of approximately 1,22,710 sq ft. The lease runs for 10 full years, and comes with 149 dedicated car parking spaces — underlining the scale of this operation.
This is not a short-term arrangement or a satellite outpost. A 10-year commitment with a security deposit of over Rs 8 crore signals a deeply considered, long-term anchor in Bengaluru’s southern tech and business corridor. For real estate property Bangalore watchers, that matters enormously.
Zomato (Eternal Ltd) Bannerghatta Road Lease — Key Facts at a Glance
| Lease Parameter | Details |
| Building | Vaishnavi BVS Senate, Bannerghatta Road, Bilekahalli |
| Total Chargeable Area | 1,49,700 sq ft |
| Carpet Area | ~1,22,710 sq ft |
| Floors Occupied | 7th, 8th & 9th Floor |
| Lease Tenure | 10 Years |
| Rent Commencement | July 2026 |
| Lease Commencement | January 5, 2026 |
| Car Parking Spaces | 149 Spaces |
| Total Lease Value | ~₹200 Crore |
| Rental Escalation | 15% Every 3 Years |
Disclaimer: Based on News reported on Hindustan Times.
Why Bannerghatta Road Is Now Bengaluru’s Most Watched Address
Bannerghatta Road has always had the bones of a premium residential and commercial corridor — excellent connectivity to Electronic City, HSR Layout, JP Nagar, and Jayanagar, surrounded by green cover including the Bannerghatta National Park, and anchored by top educational institutions and hospitals. But a single-company lease of this size changes the micro-market’s dynamic in ways that homebuyers and investors simply cannot ignore.
When a major corporate entity commits to a decade on a street, what follows is predictable and well-documented in Bengaluru India real estate history: footfall rises, retail and F&B catchments grow, transit infrastructure improves, and residential demand accelerates. Every experienced investor in Bengaluru real estate knows this cycle — and they move early.
The Ripple Effect on Residential Demand
Think about what a 1.5 lakh sq ft office translates to in human terms. Hundreds of professionals working out of that building every day, many of them looking for high rise apartments, well-connected housing in Bangalore within a reasonable commute. When you combine this with the existing talent density in Electronic City and the tech parks of Outer Ring Road, the demand for apartment to buy in Bangalore along the Bannerghatta axis is only heading in one direction.
New projects in Bangalore on this corridor are already attracting strong interest. Builders in Bangalore with landholdings here are moving fast. If you are waiting for a pre launch offer or a pre launch discount on a flagship project in this zone, the window is narrowing with every passing quarter — and headlines like this one are exactly why.
Prestige Southern Star: The Standout Upcoming Project on Bannerghatta Road
Among the upcoming projects in Bannerghatta, one name stands out for homebuyers and serious investors alike: Prestige Southern Star. Developed by one of the most trusted top builders in Bangalore, Prestige Southern Star is positioned at the heart of this evolving micro-market — combining the credibility of a top developer in Bangalore with a location that now has a 10-year corporate anchor working in its favour.
This is a high rise apartment development designed for modern Bengaluru living — large, well-planned homes with premium amenities, green design philosophy, and the kind of location advantage that only improves with time. As an investment property, Prestige Southern Star checks the boxes that discerning buyers in this market look for: location growth story, developer track record, and project specification. Whether you are looking for a flat in Bangalore for sale or seeking long-term capital appreciation, this is a project that warrants serious attention.
Under construction projects by Prestige in Bangalore have historically delivered strong returns on possession — and Southern Star, placed in this newly energised corridor, is no exception to that legacy. With Zomato’s parent now committed to the road for a decade, the investment rationale here is unusually well-supported.
Why Bannerghatta Road is a Smart Address to Buy a Home Right Now
| Growth Driver | Impact on Residential Real Estate |
| Zomato/Eternal Ltd 10-Year Office Lease | Sustained daily professional footfall; drives rental demand |
| Proximity to Electronic City | Large employment pool seeking flats in Bangalore for sale |
| Green Neighbourhood (Bannerghatta National Park) | Premium lifestyle appeal; supports apartment prices |
| Improving Social Infrastructure | Schools, hospitals and retail expanding along corridor |
| Top Developers Active (Prestige) | Institutional quality supply; builds buyer confidence |
| Under Construction Projects Available | Opportunity to enter at pre-possession valuations |
| Rental Yield Potential | Strong investment property returns |
Is This the Right Time to Buy?
In Bengaluru real estate, timing is everything — and the smart money moves before the market fully prices in a catalyst. A 10-year, Rs 200 crore commercial commitment on Bannerghatta Road is exactly the kind of catalyst that reshapes valuations in the quarters that follow. Those who buy a flat near Bannerghatta Road now, in a credible under construction project like Prestige Southern Star, are buying ahead of that value inflection.
If you have been searching for Bangalore apartments for sale, Bangalore homes for sale, or simply exploring what new projects in Bangalore make sense as a long-term home or investment property — the answer along Bannerghatta Road, right now, is compelling. The infrastructure is real. The corporate commitment is signed. And the project is available. The only question is how long you want to wait.
Final Word
Zomato’s Bengaluru expansion is more than a business story. For buyers and investors interested in Bangalore India real estate, it is a locational endorsement that validates what top developers in Bangalore already believed about Bannerghatta Road. As one of the most thoughtfully positioned upcoming projects in Bannerghatta, Prestige Southern Star sits at the intersection of a great location story and a world-class developer’s promise. Explore it before the broader market catches up.
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Prestige Southern Star
