Google India Secures Major Office Lease in Gurugram for ₹671 Crore
Google leases 617,000 sq ft in Atrium Place, to pay ₹671 cr over 5 years
Image: Business Standard
Google India has signed a lease for 617,000 square feet at Atrium Place in Gurugram, committing ₹671 crore over five years. The deal reflects the growing demand for premium office spaces in the region, with significant rent escalations planned.
- 01Google India will pay a total rent of ₹671 crore over five years for the lease.
- 02The monthly rent is approximately ₹10.55 crore, with a lease rate of ₹171 per square foot.
- 03The lease includes a 15% rent escalation every three years, starting from October 1, 2025.
- 04The leased space spans floors two to 16 of Tower 1 in Atrium Place, a project by DLF and Hines.
- 05Demand for Grade A commercial spaces in Gurugram is increasing, as evidenced by recent leases from other companies like Airbnb.
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Google India has leased about 617,000 square feet of office space at Atrium Place in Gurugram, agreeing to pay a total of ₹671 crore over five years. This translates to a monthly rent of around ₹10.55 crore, with the lease rate set at ₹171 per square foot. The agreement, which includes a 15% rent escalation every three years, commenced on October 1, 2025, and covers floors two to 16 of the commercial tower. This leasing decision follows Google's earlier commitments, including a lease of 550,000 square feet from TableSpace and a renewal of 870,000 square feet in East Bengaluru. The demand for premium office spaces in Gurugram is on the rise, as seen with Airbnb's recent lease of 46,437 square feet in DLF Cyber City. Market analysts highlight that technology firms are increasingly opting for long-term leases at rates exceeding ₹130 per square foot, signaling a robust demand for Grade A commercial infrastructure in India.
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The lease signifies a growing demand for commercial office space in Gurugram, impacting local real estate dynamics.
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