The company will pay a rent of INR 72 per square foot per month in the first three years of the lease, according to a source with direct knowledge of the deal. The company also renewed its lease with Embassy Crest in Whitefield from Embassy Property Developments for 60 months at the end of 2023. Mercedes-Benz Research and Development India is planning to hire over 1,000 engineers in India in the upcoming year, as per market information.
The company will pay a rent of ₹72 per square foot per month in the first three years of the lease, according to a source with direct knowledge of the deal. The company also renewed its lease with Embassy Crest in Whitefield from Embassy Property Developments for 60 months at the end of 2023. Mercedes-Benz Research and Development India is planning to hire over 1,000 engineers in India in the upcoming year, as per market information.
The R&D centre of the German automaker leased the space at Embassy Crest in Whitefield from Embassy Property Developments for 60 months with a 5% escalation every year.
The R&D centre of the German automaker leased the space at Embassy Crest in Whitefield from Embassy Property Developments for 60 months with a 5% escalation every year. The new lease term started on May 1. The company will pay a rent of ₹2.5 crore per month in the first year of the lease, according to the registered lease document, shared by Propstack, a data analytics firm.