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NVIDIA leases 7.6 lakh sq ft Bengaluru office for ₹1,230 crore over 10 years
NVIDIA Graphics Pvt Ltd has leased 7.6 lakh sq ft across 12 floors of Bagmane Memphis South Tower in Bengaluru, in a 10-year deal valued at ₹1,230 crore with monthly rent of ₹8.59 crore. The lease started on April 1, 2026, with rent at ₹113 per sq ft per month and a 15% escalation every three years. The article also notes prior Bengaluru office leasing activity by Apple at Embassy Zenith in February 2026 and references Qualcomm’s earlier Bengaluru lease.
Why It Matters
The move underscores India's growing importance as an AI R&D hub and Bengaluru’s status as a premier destination for high-end technology and semiconductor activity, with major global firms expanding their India footprints.
Timeline
4 Events
Article reporting NVIDIA Bengaluru lease published
April 27, 2026
Propstack published coverage of NVIDIA’s Bengaluru lease on April 27, 2026, noting the 7.6 lakh sq ft facility in Memphis South Tower with a total value of ₹1,230 crore over 10 years and related terms.
NVIDIA signs 7.6 lakh sq ft Bengaluru lease at Bagmane Memphis South Tower
April 1, 2026
NVIDIA Graphics Private Limited leased 7.60 lakh sq ft of chargeable area across 12 floors in Bagmane Memphis South Tower, Bengaluru (Bagmane Constructions Private Limited). The rent is ₹113 per sq ft per month, totaling ₹8.59 crore per month. The 10-year lease includes a ₹34.35 crore security deposit and a 15% rent escalation every three years. The total lease value is ₹1,230 crore over the decade.
Apple expands occupancy at Embassy Zenith Bengaluru (February 2026 expansion)
February 2026
In February 2026, Apple expanded its Embassy Zenith occupancy by leasing an additional 1.21 lakh sq ft, bringing total space to about 3.89 lakh sq ft. The space was leased at ₹235 per sq ft per month, maintaining a monthly rent of roughly ₹2.84 crore. The landlord remains MAC Charles (India) Limited. The broader tenancy is a 10-year lease commencing September 25, 2025, with a security deposit of ₹14.24 crore and a 4.5% annual escalation beginning April 3, 2026. There is also a parking rent of ₹11.07 lakh per month.
Apple initial expansion at Embassy Zenith Bengaluru (ground to fourth floors)
September 25, 2025
Apple expanded its Bengaluru office footprint at Embassy Zenith by leasing 1,21,203 sq ft on the ground to fourth floors. The space was taken at ₹235 per sq ft per month under a 10-year lease with landlord MAC Charles (India) Limited. The security deposit was ₹14.24 crore. The arrangement placed total monthly rent at ₹2.84 crore for the space. The lease carries an annual escalation of 4.5% from April 3, 2026 and has a lock-in period until April 2, 2030. Parking rent adds ₹11.07 lakh per month. The total rental commitment at the property was noted as around ₹1,333 crore over 10 years.