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Commercial Terms for Bare Shell Premises  
         
Rent in INR / sq. ft. / month for initial terms of 3 years - Rs  35 /- per sq. ft. per month on Chargeable Area  
         

 
         
Commercial Terms for Warm Shell Premises  
         
Rent in INR / sq. ft. / month for initial terms of 3 years - Rs  45 /- per sq. ft. per month on Chargeable Area  
         

 
         
Other Commercial Terms      
         
Municipal Taxes - All present and future municipal taxes to be borne by the Lessor  
         
Interest Free Refundable Security Deposit (Months) - 10 months of rent  
         
Lease Terms (years) - 3+3+3 / 5+5 years  
         
Escalation in rent & Securities
Deposit on renewal of the lease
- 15% Escalation every 3 years on rent paid for previous terms  
         
Lock in Period/s - 36 / 60  months  
         
Notice Periods for termination - Lessee shall be required to give minimum 3 months notice after expiry of lock in period  
         

 
Utility Charges      
         
Maintenance charges (Rs. Per Sq.ft. Per Month)- Including charges for Building Management - To be borne by the Lessee on actual currently estimated at Rs 4/- per sq. ft. of chargeable area  
         
Common infrastructure maintenance charges - Rs 1/- per sq. ft. per month  
         
Electrical Consumption Charges - On Actual to be borne by lessee  
         
Water Consumption Charges - On Actual to be borne by lessee  
         
Stamp Duty & registration Charges - On Actual to be borne by lessee  
         
Other Taxes - All other taxes of whatsoever nature including but not limited to Lease tax and Service Tax (if applicable) shall be borne by lessee alone