J Kumar Infraprojects Ltd, the listed contracting firm with several urban infrastructure development projects in Mumbai, has leased 81,588 sq ft on the second, eleventh and twelfth floors in Crescenzo, a prominent commercial office building in Bandra Kurla Complex. J Kumar shall pay around INR 37 crore annually to Parinee Developers Private Limited, the owners of the premises for a period of 3 years, including a six month rent free period. This translates to gross rents of INR 375 psf pm, inclusive of property tax and common area maintenance charges.
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