Wipro leases 3.87 lakh sq ft office space in Navi Mumbai’s Airoli for 10 years
IT major Wipro Ltd has picked up office space spanning eight floors spread over 387,000 sq ft at K Raheja Corp’s IT special economic zone (SEZ) Mindspace Business Park in Navi Mumbai’s Airoli locality through a long-term lease of over 10 years. The deal concluded through two separate agreements has been signed at a monthly rent of Rs 2.48 crore with a clause for 5% annual escalation. Over the tenure of the lease, Wipro is expected to pay a total Rs 328 crore, including escalations. The IT SEZ is a property owned and operated by K Raheja Corp-backed listed Mindspace…