India, June 19 -- IT major Wipro Limited has expanded its presence by leasing 3.87 lakh sq ft of commercial space in Mindspace Business Parks, Airoli, near Mumbai, at a monthly rent of Rs.2.47 crore, according to property registration documents accessed by Propstack.

The new lease expands Wipro's existing footprint in the business park, where it currently occupies 3.45 lakh sq ft.

The agreement, signed with Mindspace Business Parks Private Limited, commenced on July 31, 2024, and is valid for 10 years (120 months), according to the documents.

According to the documents, Wipro will occupy eight floors (4th to 11th) in the building, with a carpet area of 270,949 sq ft and a chargeable area of 387,072 sq ft.

Documents show that the lease...