Wipro Leases 1,45,000 Sq. Ft Office Space in Mindspace Business Park in Navi Mumbai

Wipro has leased 1,45,157 sq. ft office space for 5 years at Mindspace Business Parks in Airoli East, Navi Mumbai, as per news reports. This move strengthens its existing base in the Mumbai Metropolitan Region, supported by growing demand in the commercial real estate sector from the IT industry. 

Wipro's Lease Deal Highlights 1,45,157 Sq. Ft Addition 

The Bengaluru-headquartered IT company has secured 1,45,157 sq. ft of office space within Mindspace Business Parks, a SEZ project situated in Airoli East, Navi Mumbai.  

The space has been leased for 5 years from Mindspace Business Parks Pvt. Ltd, part of Mindspace REIT.  

As per the agreement, possession will be granted on January 7, 2025, and rent obligations will begin on April 1, 2025, following an 84-day rent-free period. The monthly rental stands at ₹97.25 lakh, calculated at ₹67 per sq. ft, with an annual escalation of 5%. 

Expansion Follows Previous Large-Scale Lease 

This transaction comes after Wipro's earlier lease at the same location where the company had taken up 3,87,000 sq. ft for a monthly rent of ₹2.47 crore.  

The continuous leasing of office space at the same property indicates a steady expansion in its regional operational infrastructure. 

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Wipro Share Price Performance  

As of January 07, 2026, at 9:19 AM, Wipro share price on NSE was trading at ₹267.50 up by 0.72% from the previous closing price.   

Conclusion 

Wipro's lease of 1,45,157 sq. ft in Navi Mumbai's Mindspace office park reflects its ongoing physical expansion in the region. The deal, following a large-scale lease last year, illustrates the firm's continued reliance on large, long-term office space. 

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