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Mumbai: Star India Pvt Ltd renews office lease agreement for monthly rental of Rs 5.92 crore

The sprawling property is spread over an area of 4.46 Lakh sq ft at Urmi Estate & Urmi Icon in Lower Parel.

star indiaStar India will also have access to 650 parking lots in the building, of which 500 are for four-wheelers and 150 are for two-wheelers. (Representative/ Express file photo by Amit Chakravarty)

Star India Private Limited has renewed the office lease agreement for a monthly rental of Rs 5.92 crore (Rs 132.50 per sq ft) for nine years. The lessee (Star India Private Limited) has paid a security deposit of Rs 93.48 crore. According to the property documents, accessed by CRE Matrix, a real estate data analytics firm, the sprawling property is spread over an area of 4.46 Lakh sq ft at Urmi Estate & Urmi Icon in Lower Parel. Star India will also have access to 650 parking lots in the building, of which 500 are for four-wheelers and 150 are for two-wheelers. Notably, Mumbai’s Lower Parel is one of the preferred choices for corporate offices along with the Bandra Kurla Complex.

First published on: 07-10-2022 at 08:28:10 pm
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