Qualcomm India Pvt Ltd has rented ground plus 12 floors in a building in Bangalore.
According to documents accessed by Square Feat India provided by Propstack, the lease began on April 1.
Qualcomm has leased the ground plus 12 floors in the Bagmane Capital-Angkor. The tenure of the lease is 108 months.
The monthly rent for the chargeable area is 6.21 lakh sq ft, for which the monthly rent is Rs 5.90 crore. The escalation is 15% every 36 months.
The owner of the property is Bagmane Developers Limited. A security deposit of Rs 47.25 crore is paid for the lease deal.
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