August 3,2023: Elon Musk’s Tesla India Motor & Energy has leased office space for five years in Pune. Tesla registered the five year lease with Tablespace Technologies on July 26, 2023. According to documents accessed by CRE Matrix, a real estate data analytics firm show, the office is spread across a built-up area of 5,850 sqft, on the first floor of Tower B in Panchshil Business Park, Viman Nagar, Pune.
According to the terms of the deal, Tesla India will pay a rent of Rs 11.65 lakh per month, starting from October 1, 2023. The company will pay a security deposit of Rs 34.95 lakh and the rent escalation for the property is 5% per annum.
The carpet area of the leased office space is 3,150 sqft, the document showed. As part of the deal, the property comes with 5 car parkings and 10 bike parkings.
Header image source: PMO India Twitter
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