Nagarro Secures 7 Lakh Sq Ft Office Space in Gurugram for 12 Years
German IT firm Nagarro Enterprise Services Pvt Ltd has leased a 7 lakh sq ft office space in Gurugram's Sector 18 for 12 years at a monthly rent of ₹2.90 crore.
GurugramOffice SpaceCommercial Real EstateNagarroLease AgreementReal EstateMay 21, 2025
The commercial space is located in the Udyog Vihar area of Gurugram, specifically in Sector 18, and is constructed by Chimera Developers LLP. According to the property registration documents accessed by Propstack, the leased property includes the basement, five parking floors, and floors from the sixth to the 14th.
The lease agreement includes a lock-in period of three years, and a security deposit of ₹10 crore has been paid for the 7.06 lakh sq ft of space. The transaction was completed on April 17, with a stamp duty payment of ₹2.49 crore. Additionally, the agreement includes a clause for a 12% rent escalation every three years.
This significant lease by Nagarro reflects the growing demand for high-quality office spaces in Gurugram, a key commercial hub in the National Capital Region (NCR). The city has seen a robust increase in office rentals, driven by India’s strong economic performance and the influx of global companies seeking prime locations.
Office rentals across India's top seven cities, including Gurugram, recorded a year-on-year increase of 4% to 8% in 2024. According to a report released in April 2025 by real estate consultancy Vestian, this surge is attributed to the country’s robust economic growth, urbanization, and the expanding presence of international firms. Delhi, in particular, saw the highest annual increase in office rent among major cities, rising 8.2% to $0.9 per sq ft per month.
Mumbai followed closely with a 6.7% increase to $1.6 per sq ft, while Chennai experienced a 7.7% hike to $0.8 per sq ft. Bengaluru also posted a 4.7% increase to $1.1 per sq ft. In contrast, several major global office markets showed mixed trends, with New York witnessing a 1.3% dip in average office rent to $7.5 per sq ft per month.
Nagarro’s decision to lease such a significant amount of space underscores the company’s commitment to expanding its operations in India. The firm is known for its expertise in digital transformation, software engineering, and IT services, and this new office will likely serve as a strategic hub for its growing workforce and client base.
Queries have been sent to Nagarro Enterprise Services Pvt Ltd for further details, and the story will be updated if a response is received. Chimera Developers LLP, the property developer, could not be reached for comment.
Frequently Asked Questions
What is the total area of the office space leased by Nagarro in Gurugram?
Nagarro has leased more than seven lakh square feet of office space in Gurugram.
How long is the lease agreement for the office space in Gurugram?
The lease agreement is for a period of 12 years.
What is the monthly rent for the leased office space?
The monthly rent for the leased office space is ₹2.90 crore.
Who is the developer of the leased property in Gurugram?
The leased property is constructed by Chimera Developers LLP.
What is the security deposit paid for the leased office space?
The security deposit paid for the leased office space is ₹10 crore.
Related News Articles
Water-Logging in Mumbai: The Hidden Cost on Real Estate
Water-logging in Mumbai takes a toll on property values, with rental rates dropping by up to 20% in affected areas.
Revolutionizing Indian Real Estate: MIRAI JMAC and Prathamus Ventures Unveil Global Platform
MIRAI JMAC and Prathamus Ventures have launched a strategic partnership to establish a global real estate platform, focusing on the Indian market, with a significant presence in Mumbai, Pune, and Bangalore.
Understanding the Democrats' Proposed Tax Provisions: A Financial and Real Estate Impact Analysis
The Democrats' proposed tax provisions could significantly impact financials and real estate. Key proposals include raising the corporate tax rate, increasing the stock buyback tax, and eliminating like-kind exchanges in real estate.
APAC Investors Pour $1.3 Billion into Indian Real Estate in First Three Quarters of 2024
In the first nine months of 2024, APAC investors have injected $1.3 billion into the Indian real estate market. This significant investment is part of the overall $4.7 billion institutional investments received by the sector during the same period, with f
Maharashtra RERA Imposes Penalty on Spenta Enclave for Delay, Orders Interest Payment to Homebuyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled in favor of two homebuyers, ordering Spenta Enclave to pay interest for the delayed delivery of flats. The bench, comprising Manoj Saunik, found the developer liable for the delay and d
NCR Dominates Land Market in 2024 with 38 Major Transactions: Top 10 Deals
Adani Realty acquired 24 acres in Mumbai for Rs 8000 crore (Commercial). Godrej Properties purchased 62 acres in Bengaluru for a Township Project. Here are the top 10 land deals in NCR in 2024.