Samsung India to lease 1 lakh sqft space at Oberoi Realty’s Commerz building

Consumer durables firm Samsung India Electronics Ltd has signed a deal to take up around 1 lakh sqft of office space on lease to set up its new corporate office at Oberoi Realty Ltd’s commercial property Commerz II in Goregaon suburb of Mumbai, three people aware of the development said.

The Korean company will pay Rs.135 per sqft as monthly rental with an advance payment for six months, said the first person mentioned above, adding that the deal has been signed for the next five years. Earlier in 2016, Samsung signed a deal to lease 3.5 lakh sqft of space at Two Horizon Center, a premium office building developed by DLF Ltd at Gurugram in the National Capital Region. DLF rented the space that Samsung currently uses as its Indian headquarters for Rs140 per sqft per month, in one of the largest recent commercial property lease deals.

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