Capgemini Technology Services India Pvt. Ltd., a French multinational IT services and consultancy firm, has extended the lease on two office properties totaling three lakh square feet (sq ft) in Kokapet, Hyderabad. According to the lease deed, both assets have a five-year lease term and were leased from GAR and Sons Builders.
From the first floor to the fifth floor of the Lakshmi Infobhan building, there are 2,27,569 square feet of space. The lease commenced on April 1 this year. An agreement was made to pay a rent of Rs. 78.5 lakh at the rate of Rs. 34.5 per square ft per month. The 86,810 square feet of space on the sixth and seventh floors of the same tower have been leased since August 15. It has to pay Rs. 35.9 lakh per month at the rate of Rs. 41.4 per square foot. Both contracts include an additional maintenance charge of Rs 11.49 per sq ft for common areas. Also, the rent will increase by 15 percent after one year and another 15 percent after 36 months. The company paid Rs. 13 crore as a deposit for both contracts.
