https://www.taxtmi.com/news?id=59774 Ikea India Private Limited has leased a 37,529 sq ft ground floor unit in Phoenix Marketcity mall, Pune, from Vamona Developers on a 59 month term. The lease provides for an initial monthly rent of Rs 38 lakh, rising to Rs 42.70 lakh from the fourth year, thereby embedding a contractual rent escalation mechanism and defining the lessee's payment obligations and permitted retail use as a city store. en-us Sat, 25 Oct 2025 20:46:03 +0530 Sat, 25 Oct 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=59774 Ikea India Private Limited has leased a 37,529 sq ft ground floor unit in Phoenix Marketcity mall, Pune, from Vamona Developers on a 59 month term. The lease provides for an initial monthly rent of Rs 38 lakh, rising to Rs 42.70 lakh from the fourth year, thereby embedding a contractual rent escalation mechanism and defining the lessee's payment obligations and permitted retail use as a city store. News - Sat, 25 Oct 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=59774