Amazon Leases Office Space In Hyderabad And Gurugram For 5 Years
Amazon has leased 5 lakh sq ft of office space in Hyderabad and 3 lakh sq ft of office space in Gurgaon for a period of five years. In Hyderabad, Amazon has leased ground plus 10 floors spread across an area of 4,87,800 sq ft for a tenure of 60 months. While the ground plus fourth floor have been leased at Rs 52 per sq ft per month, the fifth to the 10th floor have been leased for Rs 45 per sq ft per month. The Hyderabad lease starts from July 2022. The agreements were registered in February 2023. The 8th floor spread across an area of 38,598 sq ft has been leased to Amazon Seller Services Pvt Ltd and another part spread across an area of 14,044 sq ft has been leased by Amazon Transportation Services Pvt Ltd. The space has been leased for five years, they showed. Lease rental is around Rs 110.5 per sq ft per month. The lease starts from September 2022 and the agreements were registered in February 2023.