India, Dec. 23 -- IT services major Cognizant Technology Solutions India Pvt. Ltd. has renewed a lease for over 92,000 sq ft of commercial office space in Mindspace Business Parks in Navi Mumbai, near Mumbai, for a total of over Rs.39.66 crore, according to property registration documents accessed by CRE Matrix.

The commercial office spaces are located in Mindspace Business Park, a building in Airoli, on the second and sixth floors. The second floor comprises 45,000 sq ft, and the sixth floor exceeds 46,000 sq ft.

The starting monthly rent is Rs.62.70 lakh, and the rent is expected to increase by 4.5% annually.

The commercial office space has been leased for a period of five years, with a three-year lock-in, as per the documents.

The ...