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Mumbai, India
Joined February 2016
๐—š๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—บ๐—ฎ๐—ธ๐—ฒ๐—ฟ ๐—–๐—ถ๐˜๐—ฎ๐—ฑ๐—ฒ๐—น ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐—ถ๐—ฒ๐˜€ ๐—ถ๐˜€ ๐—ฒ๐˜…๐—ฝ๐—ฎ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—ถ๐˜๐˜€ ๐—ณ๐—ผ๐—ผ๐˜๐—ฝ๐—ฟ๐—ถ๐—ป๐˜ ๐—ถ๐—ป ๐—œ๐—ป๐—ฑ๐—ถ๐—ฎ ๐˜„๐—ถ๐˜๐—ต ๐—ฎ ๐—ป๐—ฒ๐˜„ ๐—ฝ๐—ฟ๐—ถ๐—บ๐—ฒ ๐—ผ๐—ณ๐—ณ๐—ถ๐—ฐ๐—ฒ ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ฎ๐˜ ๐—š๐—ผ๐—ฑ๐—ฟ๐—ฒ๐—ท ๐—š๐—–๐—ฅ, ๐—š๐˜‚๐—ฟ๐˜‚๐—ด๐—ฟ๐—ฎ๐—บ. Citadel Securitiesโ€”one of the worldโ€™s preeminent market-making and quantitative trading powerhousesโ€”is scaling its local trading, quant research, and low-latency engineering presence. The firm handles over $400 billion in daily global trading volume and executes roughly one-third of all U.S. retail stock trades, playing a pivotal role in market architecture and liquidity formation across the world's most sophisticated exchanges. Its decision to anchor a high-profile, long-term base in Gurugram underscores India's rising stature as a mission-critical hub for Tier-1 global market makers and sophisticated algorithmic finance. Key details ๐Ÿข Building: Godrej GCR, Golf Course Road, Gurugram ๐Ÿค Landlord: Munjal Hospitality Private Limited ๐Ÿ’ผ Tenant: Citadel Securities India Markets Private Limited ๐Ÿ“ Floor: 10th Floor ๐Ÿ“ Chargeable Area: 12,817 sq. ft. ๐Ÿ’ฐ Rental Rate: โ‚น196 / sq. ft. / month ๐Ÿ’ต Monthly Outgo: โ‚น25.12 lacs Gurugram's Golf Course Road continues to lead prime absorption for marquee global capital, quantitative trading desks, and institutional finance firms seeking world-class commercial real estate infrastructure. Media coverage: @Bloomberg bloomberg.com/news/articles/โ€ฆ
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๐—œ๐—•๐—  ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€ ~๐Ÿฎ.๐Ÿด๐Ÿฏ ๐—Ÿ๐—ฎ๐—ธ๐—ต ๐˜€๐—พ. ๐—ณ๐˜. ๐—ถ๐—ป ๐—•๐—ฒ๐—ป๐—ด๐—ฎ๐—น๐˜‚๐—ฟ๐˜‚; ๐—ง๐—ผ๐˜๐—ฎ๐—น ๐—ฟ๐—ฒ๐—ป๐˜ ๐—ผ๐˜‚๐˜๐—ด๐—ผ ๐—ผ๐—ณ โ‚น๐Ÿฑ๐Ÿฎ๐Ÿฎ ๐—–๐—ฟ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐Ÿญ๐Ÿฌ ๐˜†๐—ฒ๐—ฎ๐—ฟ๐˜€ Global technology giant IBM India has locked in a major office lease in Bengaluru, securing 2,83,321 sq. ft. of Grade-A workspace at the Radon Building in Bagmane Solarium City. The transaction represents a total financial commitment of approximately โ‚น522 Cr across the 10-year lease term, combining long-term warm-shell rentals with developer-backed turnkey fit-outs. ๐—ž๐—ฒ๐˜† ๐—ง๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐——๐—ฒ๐˜๐—ฎ๐—ถ๐—น๐˜€: ๐Ÿ”น Tenant: IBM India Private Limited ๐Ÿ”น Landlord: Akruthi Infra-Build Developers Private Limited (Bagmane Group) ๐Ÿ”น Asset: Radon Building, Bagmane Solarium City, Bengaluru ๐Ÿ”น Chargeable Area: 283,321 sq. ft. ๐Ÿ”น Warm Shell Rent: โ‚น88/sq. ft./month (~โ‚น2.49 Cr/month) ๐Ÿ”น Fit-out Rent: ~โ‚น2.98 Cr/month (for an initial 5-year period ๐Ÿ”น Lease Tenure: 10 Years ๐Ÿ“Š ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ข๐˜‚๐˜๐—ด๐—ผ & ๐——๐—ฒ๐—ฎ๐—น ๐—ฆ๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ: โ€ข Base Warm Shell Outgo: ~โ‚น343 Cr over the 10-year tenure โ€ข Fit-out Rental Outgo: ~โ‚น179 Cr amortized over 5 years โ€ข Total Estimated Outgo: ~โ‚น522 Cr This transaction underlines the continued appetite large technology enterprises have for high-grade, scalable institutional office spaces in Bengaluru. A long-term commitment of this scale, coupled with developer-backed fitted infrastructure, highlights two key trends: occupiers are prioritizing Grade-A assets, and Bengaluru remains the indispensable anchor for global tech R&D and core operations. Media Coverage: BS: business-standard.com/companโ€ฆ
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๐—Ÿ๐˜‚๐—Ÿ๐˜‚ ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€ ~๐Ÿฒ๐Ÿฎ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐˜€๐—พ. ๐—ณ๐˜. ๐—ต๐˜†๐—ฝ๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐˜€๐—ฝ๐—ฎ๐—ฐ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐Ÿญ๐Ÿฑ ๐˜†๐—ฒ๐—ฎ๐—ฟ๐˜€ Multinational retail major LuLu Group has executed a landmark retail lease, anchoring an outlet at I-Thums Galleria in Sector Alpha-II, Greater Noida. The 15-year lease entails ~โ‚น51.5 Cr in base rental commitment, spanning 62,035 sq. ft. of carpet area on the Lower Ground Floor. According to media reports, the UAE-based retailer is targeting an investment of โ‚น2,500 crore to establish 25 outlets across Delhi-NCR by 2030, rolling out a mix of hypermarkets and smaller daily-concept formats based on local catchment density. ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€: ๐Ÿ”น Lessor: Adihm Developers Private Limited ๐Ÿ”น Lessee: LuLu International Shopping Malls Private Limited ๐Ÿ”น Asset: LG-01, I-Thums Galleria, Sector Alpha-II, Greater Noida ๐Ÿ”น Carpet Area: 62,035 sq. ft. (56,035 sq. ft. Retail + 6,000 sq. ft. BOH) ๐Ÿ”น Monthly Rent: โ‚น26.42 Lakh (โ‚น45/sq. ft. Retail; โ‚น20/sq. ft. BOH) ๐Ÿ”น Tenure: 15 Years ๐Ÿ“Š ๐—Ÿ๐—ผ๐—ป๐—ด-๐—ง๐—ฒ๐—ฟ๐—บ ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น ๐—”๐—ป๐—ฐ๐—ต๐—ผ๐—ฟ & ๐—ฆ๐˜‚๐—ฏ๐˜‚๐—ฟ๐—ฏ๐—ฎ๐—ป ๐—˜๐˜…๐—ฝ๐—ฎ๐—ป๐˜€๐—ถ๐—ผ๐—ป ๐Ÿ”น Landmark Catchment Presence: Crossing over โ‚น51 Cr in long-term rental commitment, this deal marks another major suburban milestone for LuLu in NCR, catering to a rapidly maturing residential population across Greater Noida. ๐Ÿ”น Flagship Footfall Driver: Locking in a dedicated lower-ground hypermarket footprintโ€”complete with dedicated loading docks and staff facilitiesโ€”cements I-Thums Galleria as a regional commercial hub while ensuring consistent, multi-category retail footfall. As institutional and large-format retailers seek out strategic catchment opportunities in dense suburban micro-markets, NCRโ€™s commercial retail landscape continues to display robust fundamentals and sustained absorption. Media coverage: HT: hindustantimes.com/real-estaโ€ฆ
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๐Ÿ”ฅ โ‚น๐Ÿด๐Ÿฌ๐Ÿฌ ๐—–๐—ฟ+ ๐— ๐—ฒ๐—ด๐—ฎ ๐——๐—ฒ๐—ฎ๐—น ๐—ถ๐—ป ๐—ก๐—ผ๐—ถ๐—ฑ๐—ฎ: ๐—ฆ๐—ผ๐—ฝ๐—ฟ๐—ฎ ๐—ฆ๐˜๐—ฒ๐—ฟ๐—ถ๐—ฎ ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€ ๐—ฒ๐—ป๐˜๐—ถ๐—ฟ๐—ฒ ~๐Ÿฐ.๐Ÿณ๐Ÿฐ ๐—น๐—ฎ๐—ธ๐—ต ๐˜€๐—พ. ๐—ณ๐˜. ๐˜๐—ผ๐˜„๐—ฒ๐—ฟ ๐—ณ๐—ผ๐—ฟ ๐Ÿญ๐Ÿฑ ๐˜†๐—ฒ๐—ฎ๐—ฟ๐˜€ European IT and technology services major Sopra Steria has executed a landmark commercial office lease along NCRโ€™s prime growth corridor, locking in an entire institutional tower at Maconns Grande in Sector-132, Noida. Sopra Steria India Limited has signed a fresh 15-year lease valued at over โ‚น816 Cr across its tenure, spanning 4,74,150 sq. ft. of chargeable area across Ground + 17 floors of Tower-A in the built-to-suit Grade-A IT/ITES campus developed by Maconns Infra. ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€: ๐Ÿ”น Lessor: Maconns Infra Private Limited ๐Ÿ”น Lessee: Sopra Steria India Limited ๐Ÿ”น Asset: Maconns Grande, Tower-A, Plot No. B-9, Sector-132, Noida ๐Ÿ”น Floor: Ground + 17 Floors ๐Ÿ”น Chargeable Area: 4,74,150 sq. ft. ๐Ÿ”น Monthly Rent: โ‚น3.75 Cr (~โ‚น79.20/sq. ft./month) ๐Ÿ”น Tenure: 15 Years ๐Ÿ“Š ๐—Ÿ๐—ผ๐—ป๐—ด-๐—ง๐—ฒ๐—ฟ๐—บ ๐—˜๐—ป๐˜๐—ฒ๐—ฟ๐—ฝ๐—ฟ๐—ถ๐˜€๐—ฒ ๐—–๐—ฎ๐—บ๐—ฝ๐˜‚๐˜€ & ๐—•๐˜‚๐—ถ๐—น๐˜-๐˜๐—ผ-๐—ฆ๐˜‚๐—ถ๐˜ ๐—–๐—ผ๐—บ๐—บ๐—ถ๐˜๐—บ๐—ฒ๐—ป๐˜ ๐Ÿ”น Landmark Scale & Value: Spanning nearly half a million sq. ft. and crossing โ‚น816 Cr in total rental commitment over 15 years, this ranks among the largest single-occupier office absorption deals along the Noida Expressway. ๐Ÿ”น Enterprise Campus Anchor: Securing a full standalone tower (G+17) provides complete operational independence, bespoke specialized infrastructure, and long-term consolidation for multi-year workforce expansion. As global enterprise occupiers seek purpose-built, sole-occupier environments to establish lasting operational anchors, NCRโ€™s core IT corridors continue to demonstrate sustained institutional depth. Media coverage: BS: business-standard.com/companโ€ฆ HT: hindustantimes.com/real-estaโ€ฆ
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๐—ฆ๐— ๐—•๐—– ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€ ~๐Ÿฑ๐Ÿฌ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐˜€๐—พ. ๐—ณ๐˜. ๐—ถ๐—ป ๐—•๐—ž๐—– ๐—ฎ๐˜ ๐—ฎ ๐—ฟ๐—ฒ๐—ฐ๐—ผ๐—ฟ๐—ฑ ~โ‚น๐Ÿฒ๐Ÿต๐Ÿฐ/๐˜€๐—พ. ๐—ณ๐˜ Japanese banking heavyweight Sumitomo Mitsui Banking Corporation (SMBC) has executed a landmark commercial office lease in Mumbaiโ€™s prime business district, locking in a full-floor footprint at Sumitomoโ€™s newly completed C-65 tower in Bandra Kurla Complex (BKC). Sumitomo Mitsui Banking Corporation has signed a fresh 5-year lease valued at over โ‚น188.7 Cr, spanning 49,820 sq. ft. of chargeable area across the entire 9th floor of the Grade-A commercial development developed by Goisu Realty. ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€: ๐Ÿ”น Lessor: Goisu Realty Private Limited ๐Ÿ”น Lessee: Sumitomo Mitsui Banking Corporation ๐Ÿ”น Property Manager: GRPS Private Limited ๐Ÿ”น Asset: Sumitomo C-65, Plot C-65, BKC, Mumbai ๐Ÿ”น Floor: 9th Floor ๐Ÿ”น Chargeable Area: 49,820 sq. ft. ๐Ÿ”น Monthly Rent: โ‚น3.45 Cr (~โ‚น694/sq. ft./month) ๐Ÿ”น Security Deposit: โ‚น31.11 Cr ๐Ÿ“Š ๐—•๐—ฒ๐—ป๐—ฐ๐—ต๐—บ๐—ฎ๐—ฟ๐—ธ ๐—•๐—ž๐—– ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ถ๐—ป๐—ด & ๐—™๐—น๐—ฎ๐—ด๐˜€๐—ต๐—ถ๐—ฝ ๐—˜๐˜…๐—ฝ๐—ฎ๐—ป๐˜€๐—ถ๐—ผ๐—ป ๐Ÿ”น Record Benchmark: At ~โ‚น694/sq. ft./month, this ranks among the highest office rental rates ever recorded in Indian CBDs. ๐Ÿ”น Japanese Synergies: Anchors Sumitomo Corpโ€™s flagship Mumbai development (via Goisu Realty) with dedicated building signage and ground-floor lobby presence. As global banking powerhouses continue to anchor their high-value leadership hubs and strategic capital in India, Mumbaiโ€™s BKC reasserts its position as the premier financial corridor commanding top-tier institutional valuations. Media coverage: HT: hindustantimes.com/real-estaโ€ฆ
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๐—–๐—ผ๐—ด๐—ป๐—ถ๐˜‡๐—ฎ๐—ป๐˜ ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€ ๐Ÿฒ.๐Ÿฐ๐Ÿฑ ๐—Ÿ๐—ฎ๐—ธ๐—ต ๐˜€๐—พ. ๐—ณ๐˜. ๐—ถ๐—ป ๐—–๐—ต๐—ฒ๐—ป๐—ป๐—ฎ๐—ถ ๐—ณ๐—ผ๐—ฟ ๐—จ.๐—ฆ. ๐—•๐—ฎ๐—ป๐—ฐ๐—ผ๐—ฟ๐—ฝ. Global technology services major Cognizant has executed a landmark commercial office lease in Chennai to set up a dedicated large-scale facility for leading American financial institution U.S. Bancorp. Cognizant Technology Solutions India Private Limited has signed a fresh, contiguous 10-floor lease spanning 6,45,172 sq. ft. of chargeable area in Block 1 - Tower 3, Embassy Splendid TechZone, Pallavaram. ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€: ๐Ÿ”น Lessor: ESNP Property Builders And Developers Private Limited ๐Ÿ”น Lessee: Cognizant Technology Solutions India Private Limited ๐Ÿ”น Asset: Embassy Splendid TechZone - Block 1, Tower 3, Pallavaram, Chennai ๐Ÿ”น Floors: Ground to 9th Floors (Contiguous Entire Tower) ๐Ÿ”น Chargeable Area: 6,45,172 sq. ft. ๐Ÿ”น Monthly Rent: โ‚น4.77 Cr (~โ‚น74/sq. ft./month) ๐Ÿ“Š ๐—•๐—™๐—ฆ๐—œ ๐—š๐—–๐—– ๐— ๐—ผ๐—บ๐—ฒ๐—ป๐˜๐˜‚๐—บ & ๐—Ÿ๐—ฎ๐—ฟ๐—ด๐—ฒ-๐—•๐—น๐—ผ๐—ฐ๐—ธ ๐—”๐—ฏ๐˜€๐—ผ๐—ฟ๐—ฝ๐˜๐—ถ๐—ผ๐—ป This transaction highlights how global IT leaders are anchoring and scaling massive, dedicated Global Capability Centers (GCCs) for Fortune 500 BFSI institutions tapping Chennaiโ€™s deep engineering and fintech talent pool. ๐Ÿ”น Large-Format Take-Up: Single-tenant absorption of ~6.45 Lakh sq. ft. across an entire 10-storey standalone tower ๐Ÿ”น Dedicated Campus Infrastructure: Built inside Embassy REITโ€™s institutional IT park along the Pallavaram-Thoraipakkam arterial corridor ๐Ÿ”น Long-Term Capital Commitment: Over โ‚น303 Cr in aggregate rental commitments over the initial 5-year tenure As multinational banking and financial services giants accelerate their core digital and technology footprint in India, Chennai continues to reinforce its stature as a preferred destination for mega enterprise campus leasing. Media Coverage: HT: hindustantimes.com/real-estaโ€ฆ BS: business-standard.com/companโ€ฆ
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๐Ÿ”ฅ ๐—ฆ๐—ฒ๐—บ๐—ถ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜‚๐—ฐ๐˜๐—ผ๐—ฟ ๐—š๐—ถ๐—ฎ๐—ป๐˜ ๐—ž๐—Ÿ๐—” ๐—”๐—ฐ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐˜€ ๐Ÿญ๐Ÿฎ ๐—”๐—ฐ๐—ฟ๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ โ‚น๐Ÿญ,๐Ÿฌ๐Ÿฎ๐Ÿฌ ๐—–๐—ฟ ๐˜๐—ผ ๐—•๐˜‚๐—ถ๐—น๐—ฑ ๐—–๐—ฎ๐—ฝ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—š๐—–๐—– ๐—–๐—ฎ๐—บ๐—ฝ๐˜‚๐˜€! India's GCC playbook is beginning to evolve from commercial leasing toward permanent, self-owned campuses.ย Highlighting this shift, global semiconductor process control major KLA Corporation has acquired land in Chennai to build a dedicated Global Capability Center (GCC) campus. KLA-Tencor Software India has acquired a contiguous 12 acre parcel across three registered deeds for โ‚น1,020 Cr along the Pallavaramโ€“Thoraipakkam Radial Road to scale its high-tech R&D, computational software, and chip engineering operations. Key Deal Insights: ๐Ÿ”น Sellers: SNP Ventures LLP, P.L. Raju Constructions Ltd, Mukunda Agro Crops LLP ๐Ÿ”น Buyer: KLA-Tencor Software India Private Limited ๐Ÿ”น Total Extent: 12 Acres ๐Ÿ”น Total Consideration: โ‚น1,020.4 Cr (~โ‚น85 Cr/Acre) ๐Ÿ”น Permitted Use: Master-planned for IT/ITES Tech Park & Corporate R&D Campus Key Takeaways: ๐Ÿ”น Strategic Campus Ownership: A decisive move from multi-tenant leases to large-scale, captive owner-occupier infrastructure ๐Ÿ”น Prime Tech Spine: Direct connectivity linking Chennai Airport, GST Road, and the OMR IT corridor ๐Ÿ”น Deep-Tech Anchoring: Solidifies Chennai's position as a premier global hub for semiconductor hardware-software integration and yield metrology Media coverage: HT: hindustantimes.com/real-estaโ€ฆ
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๐—•๐—น๐—ฎ๐—ฐ๐—ธ๐˜€๐˜๐—ผ๐—ป๐—ฒ ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€ ๐Ÿฐ.๐Ÿฑ๐Ÿฎ ๐—Ÿ๐—ฎ๐—ธ๐—ต ๐˜€๐—พ. ๐—ณ๐˜. ๐—ณ๐—ผ๐—ฟ ๐—ถ๐˜๐˜€ ๐—š๐—–๐—– ๐—ฎ๐˜ ๐—ฃ๐—ฟ๐—ฒ๐˜€๐˜๐—ถ๐—ด๐—ฒ ๐—Ÿ๐—ฎ๐—ธ๐—ฒ๐˜€๐—ต๐—ผ๐—ฟ๐—ฒ ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ, ๐—•๐—ฒ๐—ป๐—ด๐—ฎ๐—น๐˜‚๐—ฟ๐˜‚. Leading global asset manager Blackstone has executed a major office space transaction in Bengaluru to establish and scale its Center of Excellence. Blackstone COE India Private Limited has signed a fresh, large-format lease spanning 4,52,225 sq. ft. of chargeable area across contiguous 10 floors at Building No. 20, Prestige Lakeshore Drive. ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€: ๐Ÿ”น Lessor: Prestige Beta Projects Private Limited ๐Ÿ”น Lessee: Blackstone COE India Private Limited ๐Ÿ”น Asset: Prestige Lakeshore Drive - Building No. 20, Bengaluru ๐Ÿ”น Floors: Ground, 1st to 9th Floors ๐Ÿ”น Chargeable Area: 4,52,225 sq. ft. ๐Ÿ”น Monthly Rent: โ‚น4.16 Cr (~โ‚น92/sq. ft./month) ๐Ÿ”น Lease Tenure: 5 Years (15% escalation every 3 years) ๐Ÿ“Š ๐—š๐—–๐—– ๐— ๐—ผ๐—บ๐—ฒ๐—ป๐˜๐˜‚๐—บ & ๐—Ÿ๐—ฎ๐—ฟ๐—ด๐—ฒ-๐—•๐—น๐—ผ๐—ฐ๐—ธ ๐—”๐—ฏ๐˜€๐—ผ๐—ฟ๐—ฝ๐˜๐—ถ๐—ผ๐—ป This transaction underscores sustained demand from premier multinational financial institutions and institutional investors expanding their tech, analytics, and shared services operations in India. ๐Ÿ”น Large-Format Take-Up: Single-tenant absorption of ~4.52 Lakh sq. ft. across 10 floors ๐Ÿ”น Campus Integration: Anchor-scale presence inside Prestige Group's prime commercial park ๐Ÿ”น Strategic Growth: Long-term operational commitment to Bengaluruโ€™s institutional-grade Grade-A office ecosystem As global enterprises continue to deepen their high-value capability centers, Bengaluruโ€™s premier commercial developments maintain steady momentum driven by large-scale enterprise campus leasing Media coverage: HT: hindustantimes.com/real-estaโ€ฆ
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๐—ช๐—ก๐—ฆ ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€ ๐Ÿฏ.๐Ÿฎ๐Ÿฎ ๐—Ÿ๐—ฎ๐—ธ๐—ต ๐˜€๐—พ. ๐—ณ๐˜. ๐—ฎ๐˜ ๐—›๐—ถ๐—ฟ๐—ฎ๐—ป๐—ฎ๐—ป๐—ฑ๐—ฎ๐—ป๐—ถ ๐—–๐—ฒ๐—ป๐˜๐—ฎ๐˜‚๐—ฟ๐˜‚๐˜€, ๐—ง๐—ต๐—ฎ๐—ป๐—ฒ; ๐˜๐—ผ๐˜๐—ฎ๐—น ๐—ฟ๐—ฒ๐—ป๐˜ ๐—ผ๐˜‚๐˜๐—ณ๐—น๐—ผ๐˜„ ๐—ผ๐—ณ โ‚น๐Ÿฒ๐Ÿญ๐Ÿต ๐—–๐—ฟ. Global business process management leader WNS has significantly expanded its operational presence in the Mumbai Metropolitan Region (MMR). WNS Global Services Private Limited has executed two fresh lease agreements spanning 3,22,447 sq. ft. of carpet area across five floors (Floors 3 to 7) at Hiranandani Centaurus, Thane. The transaction represents a massive long-term rental commitment of โ‚น619 Cr, backed by an initial security deposit of โ‚น34.8 Cr, with monthly rentals standing at โ‚น2.90 Cr. ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€: ๐Ÿ”น Lessor: Roma Builders Private Limited ๐Ÿ”น Lessee: WNS Global Services Private Limited ๐Ÿ”น Asset: Hiranandani Centaurus, Thane ๐Ÿ”นCarpet Area: 3,22,447 sq. ft. (Floors 3, 4, 5, 6 & 7) ๐Ÿ”น Monthly Rent: โ‚น2.90 Cr (โ‚น90/sq. ft./month on carpet) ๐Ÿ“Š ๐—Ÿ๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ฆ๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ & ๐—ง๐—ฒ๐—ป๐˜‚๐—ฟ๐—ฒ ๐—•๐—ฟ๐—ฒ๐—ฎ๐—ธ๐—ฑ๐—ผ๐˜„๐—ป This transaction reflects a dual-tenure strategy tailored for long-term core scaling alongside flexible near-term capacity additions. As multinational enterprises continue to anchor and scale their global delivery networks in India, prime institutional developments in Thane maintain strong absorption momentum driven by integrated township infrastructure, grade-A commercial supply, and extensive talent access. Media coverage BS: business-standard.com/amp/coโ€ฆ
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๐—™๐—ฒ๐—ฑ๐—˜๐˜… ๐—ฒ๐˜…๐—ฝ๐—ฎ๐—ป๐—ฑ๐˜€ ๐—ถ๐˜๐˜€ ๐—›๐˜†๐—ฑ๐—ฒ๐—ฟ๐—ฎ๐—ฏ๐—ฎ๐—ฑ ๐—ณ๐—ผ๐—ผ๐˜๐—ฝ๐—ฟ๐—ถ๐—ป๐˜ ๐˜๐—ผ ๐Ÿฏ.๐Ÿณ๐Ÿฌ ๐—Ÿ๐—ฎ๐—ธ๐—ต ๐˜€๐—พ. ๐—ณ๐˜. ๐—ฎ๐˜ ๐—ฃ๐—ต๐—ผ๐—ฒ๐—ป๐—ถ๐˜… ๐—–๐—ฒ๐—ป๐˜๐—ฎ๐˜‚๐—ฟ๐˜‚๐˜€. Global logistics and supply chain giant FedEx has deepened its operational presence in Hyderabad's prime IT corridor. FedEx Express Transportation and Supply Chain Services (India) Private Limited has executed a fresh lease transaction spanning 1,19,526 sq. ft. of chargeable area on the 17th floor of Phoenix Centaurus, Manikonda/Gachibowli. Over a 5-year lease tenure, the transaction represents a total rental commitment of ~โ‚น55.57 Cr, backed by an initial security deposit of โ‚น8.39 Cr. ๐—ž๐—ฒ๐˜† ๐——๐—ฒ๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€: ๐Ÿ”น Lessor: Athena Global Technologies Limited ๐Ÿ”น Lessee: FedEx Express Transportation and Supply Chain Services (India) Private Limited ๐Ÿ”น Asset: Phoenix Centaurus, Manikonda / Gachibowli, Hyderabad ๐Ÿ”น Chargeable Area: 1,19,526 sq. ft. ๐Ÿ”น Monthly Rent: ~โ‚น93.23 Lakhs (โ‚น78/sq. ft./month) ๐Ÿ”น Lease Tenure: 5 Years ๐Ÿ“Š ๐—ฃ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ ๐—ฆ๐—ฐ๐—ฎ๐—น๐—ฒ & ๐—–๐—ฎ๐—บ๐—ฝ๐˜‚๐˜€ ๐—–๐—ผ๐—ป๐˜€๐—ผ๐—น๐—ถ๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป This transaction highlights continued large-format office space absorption and institutional tenant commitment within the IT/ITES SEZ corridor. ๐Ÿ”น Existing Footprint: ~2.50 Lakh sq. ft. operational space ๐Ÿ”น Fresh Expansion: 1,19,526 sq. ft. added to support ongoing operations ๐Ÿ”น Total Campus Footprint: Increases FedExโ€™s consolidated occupancy at Phoenix Centaurus to ~3.70 Lakh sq. ft. As global enterprises continue to anchor and scale their capability and support centers in India, institutional-grade commercial developments in Hyderabad maintain steady leasing momentum driven by footprint additions and campus consolidations. Media coverage: HT: hindustantimes.com/real-estaโ€ฆ
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