Up next

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<br>Occupancy Sensing in India

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
The Bombay High Court has delivered a sharp warning to occupants who sign rehabilitation agreements and still approach courts to delay demolition. Calling such conduct an abuse of process, the Court dismissed multiple suits and imposed heavy costs, reinforcing that redevelopment cannot be stalled through strategic litigation.

Signing a Rehab Agreement and Still Going to Court? Bombay HC Says It Can Cost You Dearly

The Bombay High Court has delivered a sharp warning to occupants who sign rehabilitation agreements and still approach courts to delay demolition. Calling such conduct an abuse of process, the Court dismissed multiple suits and imposed heavy costs, reinforcing that redevelopment cannot be stalled through strategic litigation.
MHADA

100% Property Tax Waiver + Bonus FSI: MHADA’s Mega Incentive Push to Flood Mumbai with Affordable Rental Homes

MHADA CEO Sanjeev Jaiswal pitches transformative incentives—including bonus FSI, full tax exemptions for a decade, and loan interest cuts—to ignite private investment in rental housing across Mumbai Metropolitan Region, proposals now with state govt for nod.
Office portfolio expansion

Office portfolio expansion on cards as 63% of businesses back to the office on a hybrid basis

Hybrid working continues to be the most preferred workspace strategy, with 63%…
Qualcomm India Pvt Ltd

Qualcomm leases 12 floors in Bangalore

Qualcomm India Pvt Ltd has rented ground plus 12 floors in a…