Nvidia signs record Bengaluru office lease as India AI push accelerates

Nvidia Secures India's Largest Single Office Commitment

Nvidia has signed a 10-year lease for approximately 760,000 square feet of office space in Bengaluru, establishing the largest single-tenant office commitment in India to date1

1

. The Bengaluru office lease, located at Bagmane Capital's Memphis South Tower in Mahadevpura, spans 12 floors and will serve as a major hub for the chipmaker's expanding AI and engineering operations1

1

. Effective April 1, the deal carries a monthly rent of approximately INR 859 million (around $9.1 million), or INR 113 per square foot, with a 15% escalation every three years and a security deposit of INR 343.5 million2

2

. Over its full term, the transaction is valued at more than INR 12 billion, according to registration data1

1

.

Nvidia India Expansion Nearly Doubles Footprint

The massive real estate investment nearly doubles Nvidia's known office footprint in India, bringing its total presence across Bengaluru and Pune to more than 1.13 million square feet1

1

. The company had previously renewed a 375,000-square-foot lease in Pune in September 2024, signing a fresh 10-year agreement at INR 81 per square foot per month2

2

. The Pune campus remains a key center for research and development in areas such as graphics processing units (GPUs), cloud computing, and autonomous vehicles1

1

. Nvidia's operations in India now span six cities, including Hyderabad, Gurugram, Mumbai, and New Delhi, highlighting the breadth of its engineering and business activities across the country's technology hubs1

1

.

Chipmaker Accelerates India Plans to Meet Global AI Demand

The scale and duration of this investment signal a long-term commitment to India as a critical node in Nvidia's global operations. Raja Seetharaman, co-founder of Propstack, described the deal as "a strong testament to India's role in the global AI ecosystem"1

1

. The expansion aligns with Nvidia's broader strategy to tap into India's engineering talent pool as global AI demand continues to surge1

1

. Beyond its own offices, the company is deeply embedded in the India AI push, with partners like Yotta deploying over 20,000 Nvidia Blackwell Ultra GPUs and L&T building gigawatt-scale AI infrastructure across Chennai and Mumbai2

2

.

Strategic Signal for India's AI Ecosystem

Nvidia CEO Jensen Huang projected cumulative demand for Nvidia's Blackwell and Vera Rubin chip architectures would reach at least $1 trillion through the end of 2027, doubling his prior estimate of $500 billion through 20262

2

. Industry experts note that India's engineering talent pipeline is clearly central to that ambition, with the lease trail serving as tangible proof of that conviction2

2

. Market participants noted that such large-scale real estate commitments by global technology firms reinforce Bengaluru's position as a leading destination for semiconductor and AI-related investment1

1

. As AI workloads grow and chip demand accelerates, India's combination of talent pool, infrastructure, and policy support is increasingly seen as central to global expansion strategies for AI development1

1

.