Latest news with #ElonMusk-led
Time of India
a day ago
- Automotive
- Time of India
Tesla India takes on lease 8,200 sq ft commercial space in Delhi's Aerocity
NEW DELHI: 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.
India.com
a day ago
- Automotive
- India.com
After launch in Mumbai, Elon Musk's BIG expansion plan in India, Tesla leases 8200 sq ft commercial space in…
Electric vehicle major Tesla, which is ramping up its operations in India, has leased 8,200 sq ft of commercial space at Delhi's Aerocity for a starting monthly rent of Rs 17.22 lakh, according to real estate data analytics firm CRE Matrix. The firm, after reviewing the lease registration documents, said Tesla India Motor & Energy Pvt Ltd has rented the space in the Worldmark 3 project at Aerocity from Oak Infrastructure Pvt Ltd. Tesla India Rent For New Commercial Space 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 of nearly Rs 60 lakh after accounting for the high import duties. Tesla Another Leased Space In Gurugram 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. (With Inputs From PTI)
NDTV
2 days ago
- Automotive
- NDTV
Tesla India Takes On Lease 8,200 Sq Ft Commercial Space In Delhi's Aerocity
New Delhi: 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.
The Hindu
2 days ago
- Automotive
- The Hindu
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
2 days ago
- Automotive
- News18
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.
