HSBC has renewed its lease for an area of 1.42 lakh sq ft. The property is located in NESCO Tower 3.

According to documents accessed by SquarefeatIndia provided by Propstack the deal was signed on June 27, 2023,

It is a lease renewal, and the premises that HSBC has leased is 9, 10, and 11 in NESCO IT Park Tower 3. Initially it was leased for a period of 60 months.

The total chargeable area of the rented premises is 1.77 lakh sq ft, whereas the useable area of 1.42 lakh sq ft along with 178 car parks,

The rent is Rs 122.5 per sq ft.

The first lease had begun in 2013, then it was renewed in 2018.

Also Read: Butlr Technologies Announces Partnership with Propstack for
Occupancy Sensing in India

You May Also Like

Land Given for Farming, Not Housing: Bombay High Court Backs Maharashtra Govt in Taking Back Ambernath Cooperative Society Land

The Bombay High Court has ruled that land given free of cost for farming cannot be converted into illegal housing, backing the Maharashtra government’s decision to resume over 200 acres from an Ambernath cooperative society for gross misuse and encroachments.

Society Redevelopment Series Part 6: Members Vacate Flat Only After PAAA Is Registered

Under the Government Order of 30 September 2026, No. SGRYO-2026/C.R. 108/14-S, a…

Strong demand drives industrial and warehousing leasing by 9% YoY

During Jan-September 2022, industrial & warehousing demand witnessed a 9% rise on…

Sheriff puts 21 units in Mega Mall on Sale for Rs 64 Cr

A notice was issued by the office of the Sheriff of Mumbai…