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.
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 15% triennial escalation, signaling continued India back-office expansion.
Why this matters
Nike's ₹121 cr Bengaluru lease deepens its India tech-center footprint even as global retail headwinds force cost discipline, underscoring India's role as a back-office hub.
Retail-company activity steady with 2,849 signals in last 90 days.