Google India Private Ltd has entered into a significant lease agreement for approximately 6.2 lakh square feet of office space in DLF Atrium Place Tower 1, located in Gurugram. According to data obtained from Propstack, the total rental expenditure over the five-year lease period is estimated at around Rs 671 crore.
Lease Details and Financial Terms
Atrium Place Developers Private Ltd has leased 6.17 lakh square feet of office space to Google. The lease commenced on October 1, 2025, and covers floors two through 16 of the commercial towers. Under the terms of the agreement, Google will pay a monthly rent of approximately Rs 10.55 crore, with a leasing cost of Rs 171 per square foot. Additionally, the company has made a security deposit of Rs 63.65 crore.
Rent Escalation Clause
According to documents filed in April 2026, the lease includes a clause for a 15 percent rent increase every three years. This escalation ensures that the rental rates adjust periodically over the lease term.
Other Developments: Airbnb and Alphabet
In a related development, Airbnb has also leased office space in Gurugram. The company has rented 46,437 square feet of office space for its Global Capability Center (GCC) in DLF Cybercity, Gurugram, for a period of five years. The monthly rent for this space is Rs 61.53 lakh.
Meanwhile, Alphabet, the parent company of Google, has agreed to pay Elon Musk's SpaceX USD 920 million per month for processing capacity under a cloud services contract. This contract is set to run from October 2026 to June 2029. According to a US exchange filing, the total monthly cost over the course of the arrangement is approximately USD 30 billion. The agreement grants Google access to 110,000 Nvidia graphics processing units, along with central processing units, RAM, and ancillary components, as stated by SpaceX.
Industry Implications
These lease agreements highlight the growing demand for office space in Gurugram, particularly from major technology companies. The transactions also underscore the trend of large corporations establishing or expanding their presence in the National Capital Region (NCR). The significant financial commitments involved reflect confidence in the commercial real estate market and the long-term operational strategies of these firms.
