Nagarro Leases 7 Lakh Sq Ft Office Space in Gurugram for IT Expansion
German IT firm Nagarro Enterprise Services Pvt Ltd has leased 7 lakh sq ft of office space in Gurugram's Sector 18, signaling a significant expansion in the region.
NagarroGurugramOffice SpaceIt ServicesReal EstateReal Estate NewsMay 21, 2025
The commercial space is located in the Udyog Vihar area of Gurugram, a well-developed sector known for its business-friendly environment. According to property registration documents accessed by Propstack, the property is constructed by Chimera Developers LLP and spans the basement, five parking floors, and floors six through 14.
The lease agreement, which commenced on January 1, 2025, is set to last for 12 years with a lock-in period of three years. The security deposit for the 7.06 lakh sq ft property is ₹10 crore. The transaction was completed on April 17, with a stamp duty payment of ₹2.49 crore. The agreement includes a clause for a 12% rent escalation every three years, ensuring that the property remains competitive and attractive for the long term.
Nagarro's decision to lease such a significant amount of space reflects the growing demand for high-quality office spaces in Gurugram. The city has emerged as a preferred destination for IT and tech companies, driven by its strategic location, skilled workforce, and supportive infrastructure. This expansion is expected to create numerous job opportunities and boost the local economy.
In recent years, office rentals across India's top seven cities have shown a strong upward trend. According to a report released in April 2025 by real estate consultancy Vestian, office rentals in these cities recorded a year-on-year increase of 4% to 8% in 2024. This growth is attributed to India's robust economic performance, increasing urbanization, and the expanding presence of global companies seeking prime office locations.
Delhi, one of the top cities, saw the highest annual increase in office rent, rising 8.2% to $0.9 per sq ft per month. Mumbai followed with a 6.7% jump to $1.6 per sq ft, while Chennai and Bengaluru witnessed increases of 7.7% and 4.7%, respectively. In contrast, international markets like New York experienced a 1.3% dip in average office rent, settling at $7.5 per sq ft per month.
Nagarro's expansion in Gurugram is a testament to the city's growing appeal as a preferred destination for IT and tech companies. The company's significant investment in the region is expected to drive further development and attract more businesses to the area, contributing to the overall growth of the local real estate market.
Queries have been sent to Nagarro Enterprise Services Pvt Ltd for more details on their expansion plans. The story will be updated if a response is received. Chimera Developers LLP could not be reached for comment.
In summary, Nagarro's leasing of 7 lakh sq ft of office space in Gurugram is a significant milestone in the company's growth strategy. This move not only solidifies their presence in India but also highlights the city's potential as a hub for IT and tech innovation. The positive trends in office rentals across India further reinforce the attractiveness of the market for both domestic and international businesses.
Frequently Asked Questions
What is the size of the office space leased by Nagarro in Gurugram?
Nagarro has leased over 7 lakh square feet of office space in Gurugram's Sector 18.
What is the monthly rent for the leased space?
The monthly rent for the leased space is ₹2.90 crore.
Who is the developer of the property leased by Nagarro?
The property is constructed by Chimera Developers LLP.
When did the lease agreement commence, and what is the total lease period?
The lease agreement commenced on January 1, 2025, and the total lease period is 12 years.
What is the security deposit paid by Nagarro for the leased property?
The security deposit paid by Nagarro is ₹10 crore.
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