NVIDIA leases 760K sq ft in Bengaluru

Nvidia Graphics Pvt Ltd has leased 760,000 square feet in Bengaluru’s Bagmane Capital, its biggest office commitment in India so far. (economictimes.indiatimes.com) (livemint.com) The 10-year lease covers 12 floors in Memphis South Tower at Bagmane Capital in Mahadevpura, according to property data cited by multiple publications. (moneycontrol.com) (cnbctv18.com) The agreement began on April 1, 2026, with monthly rent set at ₹8.59 crore, or about ₹113 per square foot, and a 15% escalation every three years. (analyticsindiamag.com) (cnbctv18.com) The total rental commitment is about ₹1,230 crore over the full term, and Nvidia paid a security deposit of ₹34.35 crore. (cnbctv18.com)) (msn.com)) The deal adds to Nvidia’s existing India footprint in cities including Pune and Gurugram, taking its total office space in the country to more than 1.135 million square feet across six cities, according to reports. (economictimes.indiatimes.com) (analyticsindiamag.com) Bengaluru remains India’s largest office market for global engineering and back-office operations, and landlords have been chasing large single-campus tenants that want room to expand. (fortuneindia.com) (moneycontrol.com) That backdrop has strengthened in 2026: JLL said India’s office market recorded 21.5 million square feet of gross leasing in the first quarter, up 10.2% from a year earlier, with global capability centers accounting for 45.5% of demand. (fortuneindia.com) (zeenews.india.com) For Nvidia, the Bengaluru lease gives it one large site in the city most associated with India’s chip design, software, and artificial intelligence hiring base. (thehindubusinessline.com) (economictimes.indiatimes.com) The office paperwork reads like a real-estate transaction, but the scale points to a longer bet on India staffing as Nvidia races to meet global demand for its artificial intelligence hardware and software. (livemint.com) (economictimes.indiatimes.com)