According to a latest update, the software giant Tata Consultancy Services (TCS) has signed an agreement with Neptune Developers to lease the largest IT office space in Mumbai. Regarding this, a formal agreement is likely to be signed in a few weeks.
To the reader’s surprise, about 3,000 staffers are expected to work on the new premises.
According to a TCS spokesperson, “We have signed a letter of intent to lease the space. A final agreement will be signed only after due diligence of the property documents."
Reports revealed the information that TCS will take over 3.5 lakh sq ft space in Neptune Element, an 11-storey IT building constructed by the developers in Thane's Wagle Industrial Estate.
Reliable sources informed out team that the two parties are supposed to have negotiated the deal for a lease amount of Rs 35 to Rs 40 per sq ft per month. The annual rent would be nearly Rs 16 crore.
