Major Investment in Gurugram’s Sector 18
Nagarro Enterprise Services, a Germany-based IT services firm, has leased 706,000 square feet of office space in Sector 18, Gurugram. The facility will serve as the company’s Global Capability Centre (GCC), marking a major step in its expansion in India.
The office is expected to seat around 3,000 employees, offering a collaborative environment for Nagarro’s teams, especially those based in the Delhi National Capital Region (NCR).
Lease Details and Financial Terms
Nagarro will pay a monthly rent of ₹2.9 crore, with a 12% rent escalation every three years. The 12-year lease will begin on January 1, 2025, and includes a security deposit of ₹10 crore.
The office space has been leased from Chimera Developers LLP, a Delhi-based real estate firm focused on commercial leasing. Notably, Nagarro had committed to this lease back in 2018, while the building was still under construction.
Additional Infrastructure and Amenities
Part of a Larger India Strategy
Riding the GCC Leasing Wave in India
The leasing of large office spaces by Global Capability Centres is on the rise in India. As per real estate consultancy Anarock, GCCs leased 8.35 million sq ft of office space in Q1 CY25 across India’s top seven cities. Delhi NCR alone accounted for 23% of this, witnessing 1.91 million sq ft of GCC leasing during the period.
Nagarro’s latest move further cements Delhi NCR’s emergence as a preferred hub for global technology and capability centers.
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