Up next

Two lease deal that too big ticket took place in Telangana

According to documents accessed by SquareFeatIndia provided by Propstack, the deals concern the owner Sify Technologies Ltd, and tenant Sify Infinit Spaces Limited.

The first lease deal is for a tenure of 60 months, and the second one is for 120 months. While one commenced on January 1, 2023, the other commenced on January 2022.

The first one is a property of which chargeable area is 1.52 lakh sq ft spread over 3, 4, 5, 6, and 7th floor of the building Sify Data Centre at Financial District Nankaramguda.

The second deal is in the same building and the chargeable area is 96,483 sq ft, spread over the ground, mezzanine floor, the first and the second floor.

The rent per month for the first deal is Rs 64.64 lakh, whereas teh for the second deal it is Rs 38.59 lakh per month.

The security deposit for the first deal is Rs 1.93 crore, whereas the second one is Rs 1.15 crore. The rental escalation per month is 3% increase every year.

Also Read: HSBC renews lease of 1.42 lac sq ft

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

Architect’s Certificate Cannot Replace Occupation Certificate, Rules Authority

MahaRERA has ruled that uploading Form 4 does not amount to project completion without an Occupation Certificate, ordering refunds with interest to homebuyers after prolonged delay.
Real estate stocks opened under pressure on April 9 as Indian markets slipped after a sharp rally. While select large developers showed resilience, broader selling in mid-cap realty stocks points to a volatile and range-bound session ahead.

Realty Stocks Open Mixed as Dalal Street Slips; Sector Trades Defensive in Early Session

Real estate stocks began Friday’s session cautiously as Indian markets opened lower amid global weakness. While select developers showed resilience, overall sector sentiment remains fragile, pointing to a volatile trading day for realty counters.
Unsold stock of homes

Lead-to-Buy Conversion Time for Indian Housing Drops to 26 Days in H1 FY25, Reflecting Strong Demand

The latest ANAROCK data reveals a significant drop in the lead-to-buy conversion time for Indian homes, now standing at just 26 days in H1 FY25, down from 33 days in FY21. Ultra-luxury homes, priced above INR 3 Cr, are seeing the quickest decisions, while mid-range homes continue to see slightly longer conversion times due to rising property prices. The trend reflects both strong demand and growing buyer confidence in reputable developers.
Maharashtra government has ended the free land allotment policy, mandating that land for public use will now be priced at Ready Reckoner rates to ensure transparency and revenue generation.

Landowners Win vs NHAI: Bombay HC Upholds Higher Compensation

Bombay High Court dismisses NHAI appeals, upholds ₹1,742/sq.m enhanced compensation for Gandheli landowners and rules that Arbitration Act time limits do not bind NH Act statutory arbitrations — a major win for farmers facing land acquisition.