Deals15 Apr 2025, 09:27 pm
TCM Ltd Enters Into 8-Year Lease Agreement for Commercial Space with Indus Towers Limited
AI Summary
TCM Ltd has entered into a lease agreement with Indus Towers Limited for leasing their commercial space in Hi-Lite Building, Maradu, Ernakulam for 8 years and 11 months. The agreement is for a built-up area of 11,382 Sq Ft and a carpet area of 10,168 Sq Ft. The lessee will pay a refundable security deposit of Rs.51,85,680 and lease rent on a gradually increasing scale. The agreement also includes Common Area Maintenance charges and 10 additional car parking slots at a nominal charge.
Key Highlights
- TCM Ltd enters into an 8-year lease agreement with Indus Towers Limited
- The lease is for a commercial space of 11,382 Sq Ft built-up area and 10,168 Sq Ft carpet area
- The lessee will pay a refundable security deposit of Rs.51,85,680 and lease rent on a gradually increasing scale
- The agreement includes Common Area Maintenance charges and 10 additional car parking slots at a nominal charge
- The parties are unrelated to the promoter/promoter group/group companies