EY India a professional services firm has renewed its lease for next 30 months where it shall pay a rent of ₹20 crore.
In a renewal of lease deal EY India has renewed its lease for an office that is spread over 40,330 sq ft on an entire floor at commercial tower The Ruby in Dadar locality of Mumbai for the next 30 months.
As per documents provided by CRE Matrix, a real estate data analytics firm’ EY India will be paying a total of nearly ₹20 crore as rentals for this office during the entire tenure of 30 months. When calculated the the lease based on monthly rentals it translates to approximately ₹165 per sq ft.
Documents reveal that EY Services entered into an agreement of lease with Bhavana Holdings, for the property on the 17th floor of the commercial tower.
A security deposit of ₹5.43 crore towards the security deposit for the lease, has be deposited.
As part of the lease agreement, which was registered on September 5, the firm will also get access to 14 car parking slots in the building.
According to reports, EY has offices across 13 cities in India including Mumbai, New Delhi, Bangalore, Pune, Hyderabad, Kolkata, Chennai and Ahmedabad. In Mumbai region, the firm has a total of four offices in Lower Parel, Goregaon and Thane apart from the office space at The Ruby.
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