<h1>Multinational smartphone maker signs 10-year lease for 270,000 sq ft, rent Rs 235/sq ft/month, including parking and maintenance</h1> A multinational smartphone maker has leased about 270,000 sq ft of office space in Bangalore for 120 months starting April 3, 2025, taking nine floors plus parking from a real estate developer. The lease begins at Rs 235 per sq ft per month (about Rs 6.3 crore monthly), with a security deposit of Rs 31.57 crore and annual rent escalation of 4.5%. Including car parking and maintenance charges, total payments over 10 years are estimated to exceed Rs 1,000 crore. The transaction was recorded in registration documents and the company declined to comment.