Nvidia Secures 7.6 Lakh Sq Ft Office Space in Bengaluru
Nvidia Graphics Pvt Ltd, the Indian subsidiary of the global tech giant, has leased 7.6 lakh sq ft of office space in Bengaluru's Bagmane Capital Memphis South Tower for a total lease value of ₹1,230 crore over 10 years.
Key Highlights:
- Total Lease Value: ₹1,230 crore over 10 years
- Rent per Sq Ft: ₹113 per sq ft per month
- Security Deposit: ₹34.35 crore
- Rent Escalation: 15% every three years
- Monthly Rent: ₹8.59 crore
The lease, which commenced on April 1, 2026, covers 12 floors in the tower, with a chargeable area of 7,60,000 sq ft. The lease tenure is 10 years, with a security deposit of ₹34.35 crore.
"Nvidia's decision to secure a massive 7.6 lakh sq ft facility in Bengaluru is a powerful testament to India's indispensable role in the global Artificial Intelligence ecosystem," said Raja Seetharaman, co-founder Propstack.
Previous Transactions in Bengaluru:
- Apple expanded its office footprint at Embassy Zenith in Bengaluru by leasing an additional 1.21 lakh sq ft of workspace for a monthly rent of ₹2.84 crore.
- Global semiconductor major Qualcomm India Pvt Ltd leased 2.56 lakh sq ft of office space in Bengaluru for a period of five years, at a total rent of ₹184 crore.
- Morgan Stanley leased 1 million square feet of office space for over nine years at a starting monthly rental of ₹15.96 crore in Mumbai.
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