German IT Firm Nagarro Signs 12-Year Lease for 7 Lakh Sq Ft Office in Gurugram at ₹2.9 Crore Monthly Rent

Nagarro Enterprise Services Pvt Ltd, the Indian arm of the German IT firm Nagarro SE, has signed a commercial lease agreement for more than 7 lakh square feet of office space in Gurugram's Sector 18. The agreement, valued at ₹2.90 crore in monthly rent, marks one of the most significant commercial real estate transactions in the region in recent months. The lease was registered in April 2025 and includes a total tenure of 12 years, beginning on January 1, 2025. The information comes from property registration documents accessed through Propstack.

The property is located in the Udyog Vihar area of Gurugram, a longstanding commercial hub known for housing numerous IT, BPO, and manufacturing firms. The leased building was developed by Chimera Developers LLP and comprises a basement, five parking floors, and commercial floors from the sixth to the 14th level. The total built-up area leased by Nagarro is approximately 7.06 lakh square feet. The company has paid a security deposit of ₹10 crore and a stamp duty of ₹2.49 crore for registering the lease. According to the documents, the lease includes a lock-in period of three years and a clause for rent escalation of 12% every three years.

Nagarro, which provides technology consulting and software engineering services globally, has been expanding its operations in India. With an existing presence in cities such as Gurugram, Bengaluru, Pune, and Hyderabad, the company has continued to grow in line with rising global demand for digital transformation services. This new lease indicates its plans for scaling further in India’s National Capital Region, which remains a key market for the technology and services sector.

The deal also reflects renewed interest in commercial office space in Gurugram, where leasing activity had slowed down during the pandemic years but is now showing strong recovery. According to a recent report by Vestian, office rentals in India's top seven cities rose between 4% and 8% year-on-year in 2024. Gurugram, part of the Delhi-NCR region, has witnessed a steady uptick in leasing volumes, driven by demand from global capability centers, IT/ITeS companies, and professional service firms. Vestian’s data shows that Delhi recorded the highest annual increase in office rent among India’s leading cities, rising 8.2% to $0.9 per square foot per month. Mumbai and Chennai followed closely, while Bengaluru also registered an increase of 4.7%.

The property leased by Nagarro is located in a region that offers strategic benefits. Udyog Vihar lies adjacent to National Highway 48, offering easy access to the Indira Gandhi International Airport and central Delhi. The area is already home to several multinational corporations and continues to attract interest due to its location, infrastructure, and availability of large floor plates suitable for consolidated operations. For companies looking to bring multiple departments under one roof or expand capacity, Udyog Vihar remains a practical choice.

The lease agreement with Chimera Developers LLP is expected to strengthen Nagarro’s operational base and may signal further expansion by other technology firms in Gurugram. With availability of quality office stock and infrastructure in place, the region continues to see significant traction from occupiers, especially those seeking long-term, built-to-suit arrangements. Long lease durations, such as the one signed by Nagarro, indicate long-term commitment and confidence in the market.

This transaction also comes at a time when India’s commercial real estate sector is outperforming some of the global markets. While cities like New York saw a decline of 1.3% in office rents, Indian metros have managed to sustain growth, backed by economic performance, expanding digital infrastructure, and investor interest. Real estate developers in Gurugram, including those operating in emerging sectors like data centers and flex-office spaces, are also watching such developments closely as they plan their future projects.