The commercial real estate market in India continues to attract attention from abroad. One of the major transactions in 2018 was concluded by Google when it signed an office leasing agreement for DLF Atrium Place Tower 1 in Gurugram.
Google is a tenant of the best office space in DLF Atrium Place Tower 1, and its total lease commitment is estimated at ₹671 crore over five years for 6.2 lakh square feet of office space.
The deal not only strengthens Google's long-standing presence in India but also reiterates Gurugram as the corporate and technology capital of India. In addition, the transaction reflects confidence in India’s economy, skilled workforce, and state-of-the-art commercial real estate market among multinational companies.
As businesses grow and GCCs become more popular, large office leases such as this one indicate a very promising future for India’s commercial real estate sector.
Google India Pvt Ltd has entered into a fresh office space lease deal in Gurugram. The office space is situated at DLF Atrium Place Tower 1, in the area of Udyog Vihar Phase 5.
The documents obtained by Propstack reveal that Google India Pvt Ltd has leased about 617,000 square feet of office space at Atrium Place, Gurugram, at an aggregate cost of ₹671 crore for a period of five years.
In simpler terms, Google has taken on lease a huge portion of an office skyscraper, which can accommodate thousands of employees, and has committed to paying rent for five years in advance.
The following details provide an insight into key points related to the deal done by Google in Gurugram
| Building Name | DLF Atrium Place Tower 1, a project developed jointly by DLF and Hines |
| Location | Udyog Vihar Phase 5, Gurugram |
| Total Space Leased | Around 6.17 to 6.2 lakh square feet |
| Floors Covered | Floors 2 to 16 of the tower |
| Total Rent for 5 years | About ₹671 crore |
| Monthly Rent | Around ₹10.55 crore per month |
| Rent Rate | ₹171 per square foot |
| Security Deposit | ₹63.65 crore |
| Lease Start Date | The new lease started on October 1, 2025 |
| Rent Increase Clause | The lease includes a 15 per cent rent escalation every three years |
Thus, in brief, Google will be paying in excess of ₹10 crore each month, and this figure will increase by 15 percent every three years.
It may be said with certainty that Gurugram has become one of India's most attractive cities for international corporations willing to set up their offices there. And, in truth, it's easy to understand why.
High-quality building stock – The areas of Udyog Vihar and Cyber City are characterized by Grade-A office stock in which foreign companies will actually want to rent offices.
Plenty of professionals nearby – The city is located right in the centre of the National Capital Region, which means that companies that set up there immediately have access to one of the biggest and most highly skilled talent pools in India.
Great connectivity – Moving around the city from Gurugram is quite easy, whether it's about moving around Gurugram itself or travelling to Delhi or any other city of the National Capital Region (NCR).
There's high demand for office space – International tech companies are not hesitant to enter the market, as evidenced by the long-term leasing agreements signed at over ₹130 per sq ft.
In signing the deal, Google has sent a clear signal to all the rest of the market players that Gurugram is an attractive destination for doing business in. The name of a major international company does have a significant impact.
The move by the leading market player can trigger the influx of other businesses. There might be a new flow of foreign companies attracted to the area following Google's example.
The demand for high-end Grade-A offices increases while the supply remains low. This gives landlords an edge and allows them to raise the rent rates, particularly in the areas such as Cyber City and Udyog Vihar.
There will be less room left for quality offices, and those businesses which will not act fast enough will have to face higher costs.
Many thousands of highly paid specialists will need to be housed in the area where their workplace is located. This creates demand for residential & commercial properties.
The massive leasing of the office space by Google at DLF Atrium Place is not just a real estate deal. It is indicative of the belief in India’s future prospects in terms of economy, belief in the business environment of Gurugram, and the increasing need for top-class office facilities.
As technology firms, GCCs, and MNCs continue making their mark, Gurugram is all set to retain its status as the key protagonist in India’s success story of commercial real estate. It is a blend of infrastructure, connectivity, human capital, and premium developments. Gurugram will only continue drawing the attention of some of the most prominent firms around the world.
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