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Tesla Signs 5-Year Lease for First Mumbai Showroom

The Statesman Bhubaneswar

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March 07, 2025

Elon Musk-owned Tesla has signed a five-year lease for a 4003 square feet showroom in the Maker Maxity building, on the ground floor of 2 North Avenue, at Mumbai's Bandra Kurla Complex (BKC), for Rs 23.38 crore, according to registration documents provided by Propstack, a real estate data analytics firm.

- STATESMAN NEWS SERVICE

The company will pay a rental of Rs 35.26 lakh per month, which is calculated at the rate Rs 888 per square feet, per month. The company has paid a security deposit of Rs 2.11 crore. The tenure of the lease agreement is five years, starting February 16, 2025 and the rent will increase by 5 per cent every year.

Tesla plans to open its second showroom in Delhi's Aerocity.

MÁS HISTORIAS DE The Statesman Bhubaneswar

The Statesman Bhubaneswar

Fake currency notes worth ₹16 lakh seized from MP madrasa

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The Statesman Bhubaneswar

IPL2026 auctionlikely tobemoved overseas again

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The Statesman Bhubaneswar

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The Statesman Bhubaneswar

Toxic air tightens grip on Delhi as AQI soars to 366

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The Statesman Bhubaneswar

Eight militants of different outfits arrested in Manipur, arms recovered

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The Statesman Bhubaneswar

BPCL posts 169 per cent surge in Q2 PAT, strong performance in H1 FY26

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The Statesman Bhubaneswar

IUML distances itself from Salam’s remarks against CM Vijayan

The Indian Union Muslim League (IUML) has distanced itself from its state general secretary PMA Salam’s inflammatory comments targeting Chief Minister Pinarayi Vijayan.

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The Statesman Bhubaneswar

Jagan Mohan Reddy condemns YSRCP leader Jogi Ramesh’s arrest in liquor case

YSR Congress Party President and former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Sunday condemned the arrest of party leader and former minister Jogi Ramesh in the spurious liquor case and alleged that Chief Minister N. Chandra-babu Naidu was trying to escape after his fake liquor factories were exposed.

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