Overview
- Jaguar Land Rover Technology and Business Services India will pay about ₹1.67 crore per month for five years with a security deposit of ₹10.10 crore.
- The new lease lifts JLR’s occupied area in Brigade Tech Gardens to roughly 2.04 lakh sq ft.
- The contract stipulates a 15% rental escalation every three months, a term described in reports as unusual for the city’s market.
- A 67,065 sq ft block carries an additional fit-out rent of ₹65.95 lakh per month, or about ₹98.35 per sq ft.
- Documents show space across parts of the ground, first, fifth and eighth floors with lease starts in May and December 2024 and rent commencement in October and December 2024, based on Propstack-cited registrations with no party comments yet.