Tag: Propstack

CommercialLatest Stories

Jaguar Land Rover Leases 146,000 Sq Ft at Brigade Tech Gardens

Jaguar Land Rover Technology and Business Services India has leased 146,000 sq ft of office space at Brigade Tech Gardens in Bengaluru, marking a significant GCC-driven transaction. Documents indicate that the lease encompasses multiple floors: parts of the ground and first floors, along with the entirety of the fifth and eighth floors, substantially expanding Jaguar Land Rover’s presence at the Brookefield campus. The lease entails a warm-shell rental of ₹65 per sq ft per month, with the total estimated monthly expenditure, including fit-out costs, at around ₹1.67 crore. Jaguar Land Rover has committed to a five-year term with a security…

IndustryLatest Stories

Mahindra Logistics Secures 4.75 Lakh Sq Ft Warehouse in Kolkata

Mahindra Logistics Ltd, part of the Mahindra Group’s logistics and supply chain services, has secured over 4.75 lakh sq ft of warehousing space in Howrah district, near Kolkata, through a long-term lease. This transaction is one of the largest logistics leases in eastern India in recent years. The new lease agreement is for a warehouse in Subharara, Howrah, commencing on April 1, 2025, with a duration of 9 years and 9 months. The monthly rental cost for the space is Rs 97.72 lakh, equating to Rs 20.60 per sq ft. Additionally, a security deposit of Rs 2.93 crore is included,…

CommercialLatest Stories

BNP Paribas India Leases 1.45 Lakh Sq Ft in Thane

Representative Image BNP Paribas India Solutions, the technology and operations division of the global banking group, has secured a long-term lease for a commercial office spanning 145,000 sq ft in Thane. This represents one of the largest office deals in the outskirts of India’s commercial hub. The leased office occupies the 11th and 12th floors of the Centaurus commercial tower, developed by Roma Builders, a subsidiary of the House of Hiranandani. The monthly rent for this space will be Rs 94.95 lakh, with a 4.75% annual rental escalation and a security deposit of Rs 8.50 crore. The lease starts on…

CommercialLatest Stories

Microsoft Leases 2.64 Lakh Sq Ft Office in Hyderabad for ₹5.4 Cr/Month

BENGALURU: Microsoft India (R&D) has finalized one of the largest office lease agreements in Hyderabad this year, securing 264,000 sq ft in the city’s financial hub. According to a registered lease document shared by Propstack, the tech giant has inked a new five-year lease with workspace provider Table Space Technologies, with the agreement set to commence on July 1, 2025. The deal encompasses the third and fourth levels of the building, with a total chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at a rate of ₹67 per sq ft, while the…