EY India renews lease for 40,330 sq ft office space in Mumbai’s Dadar
Professional services firm EY India has renewed its lease for an office spread over 40,330 sq ft
on an entire floor at commercial tower The Ruby in central Mumbai’s Dadar locality for the next
30 months.
The firm will be paying a total nearly Rs 20 crore as rentals for this office during the entire tenure
of the lease based on monthly rentals of Rs 165 per sq ft.
EY Services has entered into an agreement with Bhavana Holdings, the owner of the property
on the 17th floor of the commercial tower for the same. It has already paid Rs 5.43 crore
towards the security deposit for the lease, showed the documents accessed through CRE
Matrix, a real estate data analytics firm.
As part of the lease agreement, which was registered on September 5, the professional services
firm will get access to 14 car parking slots.
ET’s email query to EY India remained unanswered.
EY has offices across 13 cities in India including Mumbai, New Delhi, Bangalore, Pune,
Hyderabad, Kolkata, Chennai and Ahmedabad. In Mumbai region, the firm has a total of four
offices in Lower Parel, Goregaon and Thane apart from the office space at The Ruby.
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