Salesforce has leased around 7 lakh sq ft of space in Hyderabad for a period of six years, registration documents accessed by PropStack showed. The floors, spread across an area of 6,82,768 sq ft, come with 911 parking slots, the documents showed.
Salesforce, an American technology company that specialises in customer relationship management, leased the floors for a monthly rent of Rs 71 per sq ft. The total amount works out to around Rs 4.8 crore a month. The company leased the space at Divyasree Orion, Block 3, Serilingampally in Hyderabad, Telangana and registered the lease on October 11, 2021.
The transaction date was December 15, 2020, and the expected lock-in expiry is until December 2023, the documents showed.