Occupiers are the core of our universe. Our high occupier retention rates demonstrate the bond we share with our existing occupier base.

Bhhavesh Kamdar
President, Leasing

2.4 msf

New leases signed


Existing occupier expansion


Re-leasing spreads

We focus on creating long-term value for our occupiers and providing them with superior experience, consistently. Our leasing team engages with occupiers regularly to stay abreast of their evolving needs and preferences.

During the year, we leased 2.4 msf completed area to 25+ occupiers and renewed 0.6 msf space with 12+ existing occupiers at 19% renewal spread.

Notable deals signed
during the year ended March 31, 2020

Occupier Asset City Area ('000 sf)
ANSR Embassy Manyata Bengaluru 306
NTT Data Embassy GolfLinks Bengaluru 259
MetLife Embassy Oxygen Noida 246
HCL Embassy TechZone Pune 236
WeWork Embassy Manyata Bengaluru 220
L&T Infotech Embassy TechZone Pune 128
Infosys BPM Embassy TechZone Pune 128
GlobalLogic Embassy Oxygen Noida 109
Facebook Embassy GolfLinks Bengaluru 104
Google India FIFC Mumbai 61
NTT Data Embassy Oxygen Noida 53
Oppo Mobiles Embassy 247 Mumbai 29
Multiple Multiple Multiple 471
Total 2,351

1.8 msf average new leases signed
between FY2016 and FY2019 Area (msf)

Note: New leases signed includes re-leases, excludes renewals

42.2% average re-leasing spread
between FY2016 and FY2019 (%)

Market rents are c.30% above
in‑place rents (` psf / month)

c.25% of leases expire between
FY2021–24 Area expiring (msf)