Registry and financial services provider Link Intime India has picked up nearly 60,000 sq ft office space in commercial complex 247 Park — now owned by Blackstone Group — in the Vikhroli suburb of Mumbai on lease, said two persons familiar with the development. The total lease tenure is nine years with a clause of rental reset with 15% appreciation every three years. The company will be paying Rs 115 rental per sq ft a month, taking the annual lease to Rs 9 crore. “The deal is concluded and was registered recently. Link Intime will start operating from this space in the next few months,” said a person mentioned above.
Read more: Economic Times