In April end, the London-headquartered Barclays bank concluded negotiations to take on lease 15,000 sq ft of office space in Worli’s CeeJay House at a record-breaking rent of Rs 725 a sq ft per month.
This is so far the highest ever lease rental for any commercial property in the country. The monthly rent comes to Rs1.08 crore or over Rs13 crore annually. However, property experts said this is an exceptional deal and does not reflect the commercial lease rental market in Mumbai.
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