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Tesla India takes on lease 8,200 sq. ft. commercial space in Delhi's Aerocity
Electric vehicle giant Tesla, which is expanding its presence in India, has rented 8,200 sq. ft. of commercial space in Delhi's Aerocity for a starting rent of ₹17.22 lakh per month, according to CRE Matrix. Real estate data analytics firm CRE Matrix, which has reviewed the registration document of leasing transactions, said that Tesla India Motor's & Energy Pvt. Ltd. has taken on lease 8,200 sq ft area at Worldmark 3 project in Aerocity from Oak Infrastructure Pvt. Ltd. The space has been taken for a 9-year lease, with a starting rent of ₹17.22 lakh. The starting rent is ₹210 per sq ft. The rentals will increase by 15% every 36 months. The lease registration happened on July 30, 2025. Elon Musk-led Tesla made its India retail debut last month with a store in the Bandra Kurla Complex business district in suburban Mumbai. The company is selling the China-made 'Model Y' with a price tag of nearly ₹60 lakh after accounting for the high import duties. Recently, Tesla leased a 33,000 sq. ft. area in a commercial building at Gurugram, Haryana, which can be used as a service centre and sales outlet, according to CRE Matrix. The company registered a 9-year lease for the unit in Gurugram's Orchid Business Park. Tesla will be paying a starting rent of ₹40 lakh for the Gurugram property. There is a clause in the agreement under which the rent will escalate by 4.75% per annum. The chargeable area is 33,475 sq ft, while the super-built-up area of the property is 50,914 sq ft, CRE Matrix had said, adding that there is a 3-year lock-in. The property has been leased from Garwal Property, and the lease was registered on July 28.
News18
26 minutes ago
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Cabinet Approves Rs 12,000-Crore Ujjwala Yojana Subsidy Till 2025-26
Last Updated: PM Narendra Modi's cabinet approved Rs 12,000 crore subsidy for Pradhan Mantri Ujjwala Yojana consumers for 2025-26. Prime Minister Narendra Modi-led cabinet has approved the continuation of targeted subsidy for Pradhan Mantri Ujjwala Yojana consumers for 2025-26 at Rs 12,000 crore, as per official notification from the government. The government approved the targeted subsidy of Rs.300 per 14.2 kg cylinder for up to 9 refills per year (and proportionately pro-rated for 5 kg cylinder) to the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY) during FY 2025-26 at an expenditure of Rs 12,000 crore. #Cabinet approves continuation of targeted subsidy for Pradhan Mantri Ujjwala Yojana consumers for 2025-26 at Rs 12,000 crore #CabinetDecisions — Dhirendra Ojha (@DG_PIB) August 8, 2025 view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
2 hours ago
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Tesla India takes on lease 8,200 sq ft commercial space in Delhis Aerocity
New Delhi, Aug 8 (PTI) Electric vehicle giant Tesla, which is expanding its presence in India, has rented 8,200 sq ft of commercial space in Delhi's Aerocity for a starting rent of Rs 17.22 lakh per month, according to CRE Matrix. Real estate data analytics firm CRE Matrix, which has reviewed the registration document of leasing transactions, said that Tesla India Motor & Energy Pvt Ltd has taken on lease 8,200 sq ft area at Worldmark 3 project in Aerocity from Oak Infrastructure Pvt Ltd. The space has been taken for a 9-year lease, with a starting rent of Rs 17.22 lakh. The starting rent is Rs 210 per sq ft. The rentals will increase by 15 per cent every 36 months. The lease registration happened on July 30, 2025. Elon Musk-led Tesla made its India retail debut last month with a store in the Bandra Kurla Complex business district in suburban Mumbai. The company is selling the China-made 'Model Y' with a price tag of nearly Rs 60 lakh after accounting for the high import duties. Recently, Tesla leased a 33,000 square feet area in a commercial building at Gurugram, Haryana, which can be used as a service centre and sales outlet, according to CRE Matrix. The company registered a 9-year lease for the unit in Gurugram's Orchid Business Park. Tesla will be paying a starting rent of Rs 40 lakh for the Gurugram property. There is a clause in the agreement under which the rent will escalate by 4.75 per cent per annum. The chargeable area is 33,475 sq ft, while the super-built-up area of the property is 50,914 sq ft, CRE Matrix had said, adding that there is a 3-year lock-in. The property has been leased from Garwal Property, and the lease was registered on July 28. PTI MJH MJH SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
