India, May 26 -- State Street Corporate Services Delhi Private Limited, a subsidiary of global financial services provider State Street Corporation, has leased 2.1 lakh sq ft of office space in Coimbatore, Tamil Nadu, for a monthly rent of Rs.1.05 crore, according to documents accessed by data analytics firm Propstack.

The lease, which spans four floors, is located in Tower D of India Land KGISL Tech Park (CHIL SEZ). The document showed that India Land Techpark Pvt Ltd is the landlord for the transaction.

The lease began on April 1, 2025, at a monthly rate of Rs.50 per sq ft.

According to the agreement, the 10-year lease includes a 3% rent hike in February 2026, followed by annual increases of 5% each year thereafter.

The company paid...