An office space in Noida was recently rented for ₹1.98 crore per month.

According to documents accessed by Square Feat India provided by Propstack, the lease deal commenced on May 15, 2023.

The owner is Urvasi Infratech Pvt Ltd, whereas the tenant is Stt Global Data Centres India Pvt Ltd. 

The property rented is spread from ground, 1, 2, 3, 4, 5, 6, and terrace floor of the building, DLF 2 Tech Park, Data Centre, 1 at sector 143A of Noida.

The total built up area rented in this Noida building is 3.67 lakh sq ft.

The total tenure of the lease is 180 months, which is 15 years. 

The rent escalation is 12% every 36 months.

Also Read: Godrej Properties declared the highest bidder for land parcels in Sector 146, NOIDA 

You May Also Like

Mercedes Ben Rents Space for Rs 2.56 crore per month

Mercedes Benz Research And Development India Pvt Limited has rented a space…

BDD Naigaon Back On Track With L&T

BDD Naigaon project is back on track with MHADA officials confirming that…

Maharashtra Government Announces Affordable Housing Scheme for 5,000 Dabbawalas

The Maharashtra government has announced an affordable housing scheme to provide 5,000 dabbawalas with homes under PMAY. The project, located on a 46-acre site in Thane, will feature 500 sq ft homes costing up to ₹25 lakh. MHADA will oversee the development, and the state government is considering a reduction in prices following requests from the dabbawalas.

Mumbai Leads In MMR In New Unit Launches

OF The Total 14,040 Units Launched In MMR, Mumbai share stood at…