Tesla Leases 4,000 Sq Ft Space in BKC
Real Estate

Tesla Leases 4,000 Sq Ft Space in BKC

Tesla, the electric vehicle manufacturer led by Elon Musk, has secured 4,000 sq ft of showroom space in Mumbai's Bandra Kurla Complex (BKC), India’s most expensive commercial district, for a total of Rs 23.38 crore over five years.

The lease deal, with a rental of Rs 881 per sq ft, sets a national record for the most expensive auto showroom deal in India. The showroom will be located in the Maker Maxity building on North Avenue, as per property registration documents.

The lease commenced on February 16, 2025, with a rent-free period until March 31, 2025. From April 2025, the rental payments will increase annually by 5%. The total rent for the first year will be Rs 35.26 lakh per month, with gradual increases over the following years.

BKC is a major hub for banking, finance, and multinational companies, hosting global giants such as Apple, Netflix, and Amazon.

Tesla, the electric vehicle manufacturer led by Elon Musk, has secured 4,000 sq ft of showroom space in Mumbai's Bandra Kurla Complex (BKC), India’s most expensive commercial district, for a total of Rs 23.38 crore over five years.The lease deal, with a rental of Rs 881 per sq ft, sets a national record for the most expensive auto showroom deal in India. The showroom will be located in the Maker Maxity building on North Avenue, as per property registration documents.The lease commenced on February 16, 2025, with a rent-free period until March 31, 2025. From April 2025, the rental payments will increase annually by 5%. The total rent for the first year will be Rs 35.26 lakh per month, with gradual increases over the following years.BKC is a major hub for banking, finance, and multinational companies, hosting global giants such as Apple, Netflix, and Amazon.

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?