Bengaluru, April 27 -- Nvidia's Indian subsidiary has leased a 7,60,000 sq ft office space in Bengaluru's Bagmane Capital, as global tech giants expand their AI research and development presence in the country.

Nvidia Graphics Pvt Ltd will pay a total rent of around Rs.1,230 crore over a 10-year lease tenure. It has leased twelve floors at Memphis South Tower in Bagmane Capital, a tech campus developed by Bagmane Constructions Pvt Ltd.

The lease started on 1 April, as per real estate data analytics platform Propstack. The rental payout also includes a 15% escalation every three years, the lease document showed.

Nvidia Graphics was incorporated in 2004.

"Nvidia's decision to secure a massive 7.6 lakh sq ft facility in Bangalore is a po...