Tesla In Pune

 Pune: Elon Musk’s company, Tesla, has leased a space in Panchshil Business Park in Viman Nagar. It is expected to soon begin operations in Pune. 

Tesla, has leased a space in Panchshil Business Park in Viman Nagar.

As per information, two senior executives from Tesla met with representatives from Invest India and are reportedly planning additional meetings in Delhi.

As per the documents accessed by CRE Matrix, a real estate firm, two organizations, Tablespace Technologies Pvt Ltd & Tesla, made a 5-year lease agreement where Tesla has leased a 5,850 sq ft area in Panchshil Business Park in Viman Nagar.

The two companies have agreed for a lock-in time of three years with a 5% per annum heightening condition. On October 1, 2023, the rent payment by Tesla will begin.

For 5 years, Tesla will pay a rent of Rs 11.65 lakh and a security deposit of Rs 34.95 lakh. 

The lease agreement will include five parking spots for cars and ten spots for bikes in accordance with the agreement that was registered on July 26, 2023.

According to the documents, the two companies agreed for a lock-in period of 36 months with a 5% per annum escalation clause. The rent will commence from October 1, 2023.

Panchshil Business Park in Viman Nagar has a development size of 10,77,181 sq ft and is under construction, according to Panchshil Realty website. It is located 500 metre from Nagar Road and is just three kms from Pune International Airport.

It is easily accessible from residential areas like Kalyani Nagar, Koregaon Park, Wadgaon Sheri and Kharadi.