The cumulative rental payout for the transaction is over Rs 333 crore through the total term. The agreement includes a provision that grants Table Space an option to lease an additional 1.97 lakh sq ft of office space, thereby expanding the total deal size to nearly 3.30 lakh sq ft.
During 2022-23, the company expanded its portfolio by 3.2 million sq ft, investing Rs 800 crore. “With the expansion, we expect to take the revenue in FY23-24 to Rs 1,800 crore from Rs1,140 crore in 2022-23,” said Banerji.