Byju's takes up 9,500 sq ft office in Mumbai on 5 year lease
Real Estate

Byju's takes up 9,500 sq ft office in Mumbai on 5 year lease

Educational company Byju's has taken up a 9,500 sq ft office at the commercial project Satellite Gazebo in Mumbai with a lease period of five years.

The company will pay Rs 1.67 crore annual rent for the office space. The lease agreement consists of an escalation clause to revise the rent 5% upward each year.

The rentals include car parking charges, maintenance charges and property tax. The company will get access to six car parking zones within the office as a part of the lease agreement.

JLL India, a property consultant, has facilitated the transaction.

The property deal includes a lock-in period for the first 33 months. Till now, the company has paid Rs 79.80 lakh. Byju's registered the lease on 13th October 2021.

Previously, the company has leased out four lakh sq ft office space in Bangalore from Prestige Group in its Outer Ring Road project.

Image Source


 Also read: Cisco renews lease for nine commercial buildings in Bengaluru

Educational company Byju's has taken up a 9,500 sq ft office at the commercial project Satellite Gazebo in Mumbai with a lease period of five years. The company will pay Rs 1.67 crore annual rent for the office space. The lease agreement consists of an escalation clause to revise the rent 5% upward each year. The rentals include car parking charges, maintenance charges and property tax. The company will get access to six car parking zones within the office as a part of the lease agreement. JLL India, a property consultant, has facilitated the transaction. The property deal includes a lock-in period for the first 33 months. Till now, the company has paid Rs 79.80 lakh. Byju's registered the lease on 13th October 2021. Previously, the company has leased out four lakh sq ft office space in Bangalore from Prestige Group in its Outer Ring Road project. Image Source Also read: Cisco renews lease for nine commercial buildings in Bengaluru

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App