Nike Commits Rs 121 Crore to Bengaluru, Following Nvidia Into the East Corridor
Two of the world's most valuable brands, Nvidia and now Nike, have chosen the same East Bengaluru corridor. That is not coincidence.
Two of the world's most valuable brands, Nvidia and now Nike, have chosen the same corridor in East Bengaluru. That pattern is worth paying attention to.
Nike India Technology Center signed two lease agreements for a combined 1,25,639 sq ft at Bagmane Tech Park, registered on June 2, 2026.
The first deal covers 48,639 sq ft on the 3rd floor of the Olympia building, at a monthly rent of Rs 80.25 lakh, with a Rs 4.81 crore security deposit and 55 parking slots.
The second covers 77,000 sq ft across the 6th and 7th floors of Bagmane Tridib, with a Rs 7.62 crore security deposit and 88 parking slots.
Combined monthly rent is Rs 2.07 crore at Rs 165 per sq ft, a total five-year commitment of Rs 121 crore with a 15 percent escalation every three years.
Bagmane Tech Park sits in the CV Raman Nagar corridor, an established technology and engineering micro-market with more than two decades of global occupier history.
Nike's leases directly anchor the Blackstone-backed Bagmane Prime Office REIT, which launched its IPO in May 2026 and raised Rs 1,150 crore from anchor investors.
The East Bengaluru occupier roster now spans AI, media, sportswear technology, aerospace, BFSI and automotive. No single sector is carrying the corridor, and that breadth is what makes it resilient. When the technology cycle softens, financial services absorb the space. When global consumption slows, the engineering and R&D functions carry on. East Bengaluru is no longer a one-theme story.
This update is part of the City Intelligence series by Harish Chabbria, Founder of Beyond 4.
