India, Aug. 15 -- Dow Chemicals International Pvt Ltd has leased 1.79 lakh sq ft of office space at Mindspace Business Park in Airoli, Navi Mumbai, for Rs.1.64 crore per month under a 10-year agreement, according to documents accessed by Propstack.

According to documents, the deal is based on a chargeable area of around 2.56 lakh sq ft, translating to Rs.64 per sq ft per month. The company has paid a Rs.14.77 crore security deposit, with a 5% annual rent escalation clause.

In addition, Dow Chemicals has paid a fit-out security deposit of Rs.82.09 crore, 10% of which will be refunded each year, along with a fit-out rent of Rs.29.45 per sq ft per month.

Mindspace SEZ is constructed on a leasehold land measuring 1.98 lakh sq m and is loca...