Know-how providers agency LTIMindtree has leased greater than 6 lakh sq ft of office area at L&T Innovation Campus Tower 2 on Mount Poonamallee Highway in Chennai, in response to Propstack knowledge
Know-how providers firm LTIMindtree has leased over 6 lakh sq ft of office area in Chennai, as per knowledge from actual property analytics platform Propstack.
The corporate has taken on lease 6.02 lakh sq ft at L&T Innovation Campus Tower 2 on Mount Poonamallee Highway in Chennai from the owner Larsen & Toubro. The lease, labeled as a recent transaction, commenced on June 15, 2024.
The deal spans the bottom ground and 12 higher flooring of the constructing. The lease has been signed for a tenure of 5 years at a rental price of ₹68 per sq ft per 30 days, translating right into a month-to-month rental outgo of round ₹4.09 crore. The corporate has additionally paid a safety deposit of ₹24.57 crore, whereas the settlement features a 12 per cent rental escalation each three years.
The office area can be delivered in phases. As per the settlement, the bottom to sixth flooring have been scheduled for handover by August 4, 2025. Flooring seven to 9 have been delivered by February 4, 2026, whereas the remaining flooring as much as the twelfth degree are slated for completion by August 4, 2026.
Revealed on Might 28, 2026
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