Azim Premji’s Wipro makes BIG move, leases 3.87 lakh sq ft space in THIS city at monthly rent of Rs…

Former president of Wipro Limited Azim Premji.

Indian Tech Giant Wipro Limited, a 3.87 lakh square meter commercial area in the MindSpace Business Parks in Airoli near Mumbai, made a great move. According to the property registration certificates accessed by a real estate data analysis company Propstack, a monthly RS 2.47 CRORE (approximately) was rented. This expands its presence in Navi Mumbai Business Park, where Wipro has already had a 3.45 Lakh SQ FT commercial area.

How much did Wipro pay?
According to the property documents displayed by Propstack, the lease agreement signed with MindSpace Business Parks Private Limited entered into force on July 31, 2024 and is valid for 10 years.
According to documents, Wipro says that in a building of 2,70.949 square meters and an area of ​​3,87,949 square meters, with an area of ​​3,87,949 square meters, and that Wipro will buy a parking lot for 194 cars. The contract includes approximately 15 crore and annual rent increase and annual rent increase. According to the documents, a total stamp tax of approximately 13 Lakh RS and 60.000 RS registration fee was paid.

How big is the MindSpace Park?
Navi Mumbai’s MindSpace Business Parks in Airoli have spread over an area of ​​50.1 acres and home to leading India and foreign companies in sectors such as information technology (CT), consultancy, health technology and financial services. In addition to Wipro, companies with offices in the business park include L & T Infotech (LTI), LTI-Mintre, Accenture, Cognizant, Ibm India, Crisil (a subsidiary of S&P Global), Axis Bank and Capgemini India.