Tag: Wipro

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Wipro Leases 145,000 Sq Ft Office in Navi Mumbai’s Mindspace

Representative Image Information technology services leader Wipro has secured a significant office space of 1.45 lakh sq ft at an IT park in Navi Mumbai via a long-term lease. This move highlights the ongoing demand for efficient Grade A offices in suburban business districts. The space is leased at Mindspace Airoli East from Mindspace Business Parks, with a lease agreement registered on December 29 for a total duration of 60 months. The agreement sets a starting monthly rent of approximately Rs 97.25 lakh, equating to around Rs 67 per sq ft. A security deposit of around Rs 5.83 crore was…

CommercialLatest Stories

Wipro Leases 3.87 Lakh Sq Ft Office in Airoli for 10 Years

IT giant Wipro Ltd has acquired office space across eight floors totaling 387,000 square feet at K Raheja Corp’s IT special economic zone (SEZ) Mindspace Business Park in Navi Mumbai’s Airoli area through a long-term lease exceeding 10 years. The deal, finalized through two agreements, is set at a monthly rent of Rs 2.48 crore, with a provision for a 5% annual increase. Over the lease period, Wipro is projected to pay approximately Rs 328 crore, inclusive of escalations. This IT SEZ is owned and managed by K Raheja Corp’s listed Mindspace Business Parks Real Estate Investment Trust (REIT). The…