Nike India locks 1.25 lakh sq ft Bengaluru lease at ₹121 cr, deepens tech-center bet
Nike India Technology Center signs 5-year lease across two Bagmane Tech Park buildings at ₹165/sq ft/month with 15% triennial escalation. Rent kicks in May 2026, signaling sustained back-office scale-up in India even as global retail tightens.
What happened
Nike India Technology Center leased 1.25 lakh sq ft across two Bagmane Tech Park buildings in Bengaluru for ₹121 crore over five years, at ₹165/sq ft/month with
Key facts
- 1,25,639 sq ft
- ₹121 crore
- ₹165 per sq ft/month
- 5-year lease
- 15% escalation every 3 years
- 143 parking slots
- ₹4.81 crore security deposit
- ₹7.62 crore security deposit
Why this matters
Bagmane Tech Park anchor tenancy at ₹165/sq ft sets a fresh Bengaluru benchmark for global captive expansions — worth pressure-testing our own India GCC lease comps and landlord negotiations.