Overview
- Registration documents show a total built-up area of 271,955 sq ft at One Downtown Central with occupancy planned across multiple upper floors.
- The lease begins April 1, 2026, following registration on December 29, 2025 that recorded stamp duty of over ₹7 crore and a ₹30,000 registration fee.
- Commercial terms include a starting monthly rent of over ₹9.23 crore, a ₹55.38 crore security deposit, a 30-month lock-in, and 5% annual escalation.
- The agreement provides 312 car parking spaces and carries an option to renew for an additional 60 months after the initial 60-month term.
- Cowrks manages the space and Kairos Property Pvt Ltd (Brookfield Properties) is the landlord, with reporters seeking comment from all parties.