Finance
Potter HeadFabindia's Magical Lease Adventure in Andheri West
Fabindia has conjured a spellbinding five-year lease with Rakesh Roshan for a magical retail space in Andheri West, Mumbai, spanning 6,389.47 sq ft, with a starting rent of ₹14.5 lakh per month. This enchanted deal includes five parking spots and a hefty security deposit of ₹87 lakh, with rent soaring like a broomstick each year due to the soaring demand for wizardly retail spaces in the western suburbs.
few days ago | Sunainaa Chadha
Quick rundown
1.Fabindia secures prime retail space in Mumbai's Andheri West.
2.Rakesh Roshan and Pramila Roshan own the leased property.
3.Lease agreement includes a five-year term with escalating rent.
4.Rakesh Roshan recently purchased multiple office units in Andheri.
5.Andheri East boasts excellent connectivity and commercial appeal.
