Property options for mastercard

1. Cochin Office Relocation
Real Estate Services APAC
APRIL 2023
1

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Agenda
1. Executive Summary
5. Annexure – II
Current Lease Analysis
2. Short Term Strategy
3. Long Term Strategy
4. Annexure – I
Options Proposed

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Executive Summary
Current Footprint
• Cochin Transfast office admeasures 1,640 sft on the 5th floor of Oxford
Business Centre & 3006 sft on 6th floor of Oxford Business Centre
• Lease Expiry for Transfast– Oxford Business Centre 5th floor lease is
December 2023 and Oxford Business Centre 6th Floor is 1st Sep 2023.
There is no Lock-in period in the current lease.
Office Space Leasing Strategy
Short Term –
Renewed the existing Transfast – MC office at Oxford Business Centre –
MG Road, 5th floor, and 6th floor for 11 months with a clause to exit by
serving 1 month notice period
Long Term –
• A consolidated workplace in a new managed suite office.
• Minimum space of 22 seats with 4/6 - seater meeting room dedicated.
• Lessee/ Operator to invest towards the capex & load cost in the rentals
• Location – In proximity to current office at Oxford Business Centre, MG
Road, 5th floor
WOLFPA
CK
DOTSPAC
E
AWFIS
SPAZEO
NE
COLLECTI
VE
COWORK
S
CENTRE A

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Short term - Lease Extension Oxford Business Centre– 5th Floor (MG Road)
Previous Lease Term 1 Previous Lease Term 2 Current Lease Term 1 Current Lease Term 2
Sl.
No
Parameters
1st
February 2022 – 31st
December
2022
12 March 2022 – 11 February 2023
1st
January 2023 – 31st
November
2023
12th
February 2023 – 23rd
September 2023
1 Location MG Road MG Road MG Road MG Road
2 Building Oxford Business Centre Oxford Business Centre Oxford Business Centre Oxford Business Centre
3 Floor 5th
Floor 6th
Floor 5th
Floor 6th
Floor
4 Area Offered 1640 sft 3006 sft 1640 sft 3006 sft
5 Lease Term 11 months 11 months 11 months 11 months
6 Lock-in period NA NA NA NA
7
Notice Period for
Termination
1 month 3 months 1 month 1 month
8 Car parking charges Not Applicable, Included in Rent Not Applicable, Included in Rent Not Applicable, Included in Rent Not Applicable, Included in Rent
9 Car parking slots 1 slot 3 slots 1 slot 1 slot
10
Rental / sft / Month (From
2021)
INR 44.10 | USD 0.55 INR 39.00 | USD 0.49 INR 46.30 | USD 0.58 INR 38.76 | USD 0.48
11
Maintenance Charges
present
INR 5.00 | USD INR 5.00 | USD
As Per Actuals as per the current
lease
As Per Actuals as per the current
lease
12 Escalation 5% after every 11 months 5% after every 11 months 5% after every 11 months 5% after every 11 months
13 Security Deposits 196,800 375,750
As retained by the landlord from the
present lease
As retained by the landlord from the
present lease
14 Advance Rental Not Applicable Not Applicable Not Applicable Not Applicable
15 Renewal Options
Subject to an escalation of 5% on
the last paid rent from earlier lease
Open to Market Renewal
Subject to an escalation of 5% on the
last paid rent from earlier lease
Subject to an escalation of 5% on the
last paid rent from earlier lease
16
Ground Tax/ Urban Tax/
Property Tax
Payable by Lessor Payable by Lessor Payable by Lessor Payable by Lessor
17 GST Payable by Lessee Payable by Lessee Payable by Lessee Payable by Lessee
1 USD = INR 79.65

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Long Term Options List – Broad Observations
1 USD = INR 79.65
Sl.
No.
Name of the
Project
Locatio
n
Area
Availabl
e (sq. ft.
Gross
Area)
Floor
Plate(sq
. ft.
Gross
Area)
Floor
Propos
ed
Buildin
g
Elevatio
n
Asking
Rent
(INR)
/month
Asking
Rent
(USD) /
Sq.
ft./mont
h
CAM
(BDT) /
Sq.
ft./mont
h
CAM
(USD) /
Sq.
ft./mont
h
Hand
Over
Timeline
Landlord
Readiness
to Capex
Investment
Lease
term
Lock in
Period
LEED
Certific
ation
Remarks
1 AWFIS Shenoys
32
Seats
2800
2nd
Floor
B+G+7
INR
10,000
per seat
$ 125
per seat
Included
in rent
Included
in rent
Immediat
e
Operator will
spend on
CAPEX
48
Month
s
36
Months
No
New property, Customization of
bareshell floor also possible with
extended Lock in period,
2 Centre A
Mg
Road
34 WS
3000-
3100
4th
floor B+G+8
INR
11,029
– INR
14,705
per seat
$ 1.5 -
$2 psft
Included
in Rent
Included
in Rent
Sep 1
2023
Operator will
Spend on
CAPEX
60
Month
s
24 – 36
Months
Operator Providing Fully Fitted Model
and Enterprise Model
3 Spaze One
Bay
pride
Mall,
Menaka
Junction
32
Seats
20,000
Ground
floor
B+G+1
INR
12,000
per seat
$ 150.00
per seat
Included
in rent
Included
in rent
Immediat
e
Operator will
spend on
CAPEX
36
Month
s
24
Months
No
New property, water facing, slight
customization required
4
Collective
Co-works
Vytila 32 seats 3800 5th
G +7
INR
7735
per seat
$ 96.6
per seat
Included
in rent
Included
in rent
60 days
Operator will
spend on
CAPEX
11
month
s
12
months
Customization of bareshell floor –
Timeline 60 days, 3 options available
with different costing
5 Dot Space
Panampi
ly Nagar
35
Seats
2500 4th B+G+4
INR
6500
per seat
$ 81.25
per seat
Included
in rent
Included
in rent
Immediat
e
Operator will
spend on
CAPEX
11
month
s
2
months
No Prime location
6 Wolf Pack Shenoys
22
Seats
2600
Ground
floor
G +4
INR
7500
per seat
$ 93.75
per seat
Included
in rent
Included
in rent
Immediat
e
Operator will
spend on
CAPEX
11
month
s
12
months
No Carparking facility at adjacent place

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Cost Comparison
Current Cost
Sqft
Rent/sqft/mo
nth
Cost for 2023
Transfast
Office
1640 INR 46.30 $ 10,486.5
Transfast
Office
3006 INR 38.76 $ 17553.6
Total $ 28,040.1
Sl. No.
Name of the
Project
Location
Chargeable
Seats
Asking Rent
INR / Seat/
month
Absolute Fitout
cost/year
Security Deposit
($)
Yearly Total cost
($)
Option 1 AWFIS Shenoys 32 10,000 Included in rent $24,105 $ 48,210
Option 2 Centre A Mg Road 34 11,029 Included in rent
$ 37,663 - $
50,216
$ 56,045 - $ 75325
Option 3 Spaze One
Bay pride Mall,
Menaka Junction
32 12,000 Included in rent $ 28,926 $ 57,853
Option 4
Collective Co-
works
Vytila 32 7735 Included in rent $ 18,645 $ 37,291
Option 5 Dot Space Panampily Nagar 32 6500 Included in rent $ 15,668 $ 31,337
1 USD = INR 79.65
Option 6 Wolf Pack Shenoys 22 7500 Included in rent $ 6214 $ 24858

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Long Term Options Mapping
7
Sl.No.
Name of
the
Operator
Location
Travel
Time from
Crystal
Palace
Travel Distance
from Oxford
Business
Centre
Distance
from
Airport
1 AWFIS Shenoys 10 minutes 2.0 kms 31 Kms
2 Centre A Mg Road 10 minutes 2.0 kms 29 kms
3 Spaze One
Bay pride Mall,
Menaka
Junction
20 minutes 3.6 kms 30 Kms
4
Collective Co-
works
Vytila 10 minutes 2.70 kms 29 Kms
5 Dot Space
Panampily
Nagar
20 minutes 4.3 kms 25 Kms
6 Wolf Pack Shenoys 10 minutes 2.0 kms 29 kms
2
1
3
4
5
6

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OPTION 1 – AWFIS
UNIT DETAILS
Chargeable Area sq. ft. PER SEAT
Floor Offered 2nd
Rent (INR per seat per
month) + GST
10,000
Escalations 8.0% per annum
Security Deposit 6 Months rent
Car Parking Slots 1 Complimentary
Car Parking Charges|
Bike Parking Charges
INR 4000 per slot
per month | INR
800 per slot per
month
BUILDING PROFILE
Building Class Grade B
Building Type Commercial
Structure B + G + 7
Floor Plate (sft) 2800 sft
Total Development
Size
30,000 sft
Occupation Certificate Available
LEED Certification No
Timeline for Handover Immediate
Building Facilities Terrace Café, Dry Pantry,
Collab Area, Common
Meeting room
No. of Elevators 2
Age of Construction 1 year
AC Systems VRV
Ownership Available
Current Vacancy 97% Available
Coordinates 9.975910259003001,
76.28513781104394
Tenant Profile Confidential
1 USD = INR 79.65

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FLOOR LAYOUT

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SERVICE INCLUSIONS
BUILDING NAME Mezhukkatil Buidling
SERVICE PROVIDER AWFIZ
LOCATION MG Road
WORKSTATION SIZE 4ft X 2ft
SEATS OFFERED
22 WS + Two dedicated meeting rooms
(4 & 6 Seater)
COST PER SEAT (INR PER
MONTH)
10 hrs: 10000 + GST
MEETING ROOM
20 hours per month complimentary. INR
500/hr for additional usage.(10 Seater &
Two 4 Seater available)
PRINTERS | SECURITY SYSYTEM
240 BW pages complimentary |
Dedicated Access card
OPERATIONAL HRS
10 HRS (Mon – Fri) And 5HRS - Sat
(INR 1500 /hr on additional usage post
Support Time (9.00 – 6.00)
HOUSE KEEPING & PANTRY
SERVICES
Daily Cleaning Services & Unlimited Hot
Beverages, Purified Drinking Water
INTERNET
Common Lease Line included|
1,20,000+ GST for 100 MBPS for
Dedicated Lease line cost per month
SERVER RACK SPACE Rs.3000
SECURITY DEPOSIT | NOTICE
PERIOD
6 Months | 3 Months
TIMELINES Immediate

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INTERIOR IMAGES

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Option 2 – CENTRE A
UNIT DETAILS
Chargeable Area sq. ft. Per Seat
Floor Offered 4th Floor
Rent (INR per seat per
month) + GST
11,029 & 14,705
Escalations 8.0% per annum
Security Deposit 8 Months rent
Car Parking Slots 3 Complimentary
Car Parking Charges TBD
BUILDING PROFILE
Building Class Grade B
Building Type Commercial
Structure B + G + 8
Floor Plate (sft) 7075 sft
Total Development Size 70748
Occupation Certificate Available
LEED Certification No
Timeline for Handover Sep’23
Building Facilities Terrace Café, Dry Pantry,
Collab Area, Common Meeting
room
No. of Elevators 2
Age of Construction 6 Years
AC Systems VRV
Ownership Available
Current Vacancy
Coordinates 9.975910259003001,
76.28513781104394
Tenant Profile Confidential
1 USD = INR 80.00

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FLOOR LAYOUT

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SERVICE INCLUSIONS
OPTION 1 Fully Fitted Model
WORKSTATION SIZE 4ft X 2ft
SEATS OFFERED 34 WS (Expandable to 50 WS)
COST PER SEAT (INR PER
MONTH)
INR 3,75,000 + GST
(INR 11,029/- per Seat)
INCLUSIONS
Fit-outs, Housekeeping Services,
Electrical and Maintenance
Support, Receptionist, 24x7
Generator & UPS backup
(including AMC), AC AMC
EXCLUSIONS
Electricity and AC Charges,
Internet, Tea/Coffee, Printing
& Stationery, IT & Admin Support,
Generator Charges
CAR PARKING SLOTS 3 Car Parks
CAR PARKING CHARGES None
OTHER SERVICES
Access to Sky garden and
Entertainment Zone, Dedicated
Store room & Pantry with Breakout
Space.
SERVER RACK SPACE Dedicated
SECURITY DEPOSIT |
NOTICE PERIOD
8 Months | 3 Months
TIMELINES 1st
Sep’23
OPTION 2 Enterprise Model
WORKSTATION SIZE 4ft X 2ft
SEATS OFFERED 34 WS (Expandable to 50 WS)
COST PER SEAT (INR PER
MONTH)
INR 5,00,000 + GST
(INR 14705/- per Seat)
INCLUSIONS
Fit-outs, Electricity, AC (from 9AM to 8PM),
Housekeeping Services, Electrical and
Maintenance Support, Enterprise Internet with
WIFI, Receptionist, IT & Admin Support, 24x7
Generator & UPS backup (including AMC), AC
AMC, Generator Charges
EXCLUSIONS Tea/Coffee, Printing & Stationery
CAR PARKING SLOTS 3 Car Parks
CAR PARKING CHARGES None
OTHER SERVICES
Access to Sky garden and Entertainment Zone,
Dedicated Store room & Pantry with Breakout
Space.
SERVER RACK SPACE Dedicated
SECURITY DEPOSIT |
NOTICE PERIOD
8 Months | 3 Months
TIMELINES 1st
Sep’23
*Air conditioning beyond the working hours of 9AM - 8PM will be chargeable at INR. 850 + GST per hour (Only
for ENTERPRISE MODEL)

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INTERIOR IMAGES

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OPTION 3 - SPAZEONE
UNIT DETAILS
Chargeable Area sq. ft. Per Seat
Floor Offered Ground
Rent (INR per month) +
GST
12,000 per seat
Escalations 7% per annum
Security Deposit 6 Months rent
Car Parking Slots As per
requirement
Car Parking Charges INR 5000 per slot
BUILDING PROFILE
Building Class Commercial/ B Grade
Building Type Mall and Office
Structure B + G +1
Floor Plate (sft) Nearly 20000
Total Development
Size
-
Occupation Certificate Yes
LEED Certification No
Timeline for Handover Immediate
Building Facilities Car Parking, Fresh Air system of
36th through heat, Central
Exhaust, Fire Alarm
No. of Elevators -
Age of Construction 12
AC Systems Centralized
Ownership
Current Vacancy
Coordinates W8QJ+WF Kochi, Kerala
Tenant Profile None
1 USD = INR 80.00

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FLOOR LAYOUT

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SERVICE INCLUSIONS
BUILDING NAME Bay Pride Mall
SERVICE PROVIDER Spazeone
LOCATION Marine Drive
WORKSTATION SIZE 4ft X 2ft
SEATS OFFERED
22 WS + Two dedicated meeting rooms (4 &
6 Seater)
COST PER SEAT (INR PER MONTH)
11 hrs: 12000 + GST
24 hrs: 15000 +GST
MEETING ROOM 50 hours per month complimentary
PRINTERS | SECURITY SYSYTEM
250 BW pages complimentary | Biometric
Access card
OPERATIONAL HRS 9:00 am to 8:00 pm
CAR PARKING SLOTS None
CAR PARKING CHARGES Covered: INR 5,000 + GST
HOUSEKEEPING & PANTRY
SERVICES
Office boy + facility management, Common
Business café & Breakout area, Drinking
water & Hot beverage (2 cups /person/day)
INTERNET
High Speed Lease line with a shared back.
LAN +WIFI Access for every seat, IT support
SECURITY DEPOSIT | NOTICE PERIOD 6 Months | 3 Months
TIMELINES Immediate

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INTERIOR IMAGESDrive

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OPTION 4 – COLLECTIVE COWORKS
UNIT DETAILS
Chargeable Area sq. ft. To be ascertained
as per the options
Floor Offered 5th floor
Rent (INR per seat per
month) + GST
7735/-
Escalations 8.0% per annum
Security Deposit 6 Months rent
Car Parking Slots 3 Nos.
Complimentary
Car Parking Charges 1500 PER SLOT
BUILDING PROFILE
Building Class Grade A
Building Type Commercial
Structure B + G + 6
Floor Plate (sft) 3800 sft
Total Development Size 44764 sft
Occupation Certificate Available
LEED Certification No
Timeline for Handover Immediate
Building Facilities Terrace Café, Dry Pantry,
Collab Area.
No. of Elevators 2
Age of Construction 1 year
AC Systems DUCTABLE SPLIT
Ownership Available
Current Vacancy % Available
Coordinates 9.975910259003001,
76.28513781104394
Tenant Profile Confidential
1 USD = INR 80.00

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FLOOR LAYOUT

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SERVICE INCLUSIONS
BUILDING NAME Syama Dynamic
SERVICE PROVIDER Collective Coworks
LOCATION Vytila
WORKSTATION SIZE 3ft X 2ft
SEATS OFFERED
22 WS + Two dedicated meeting
rooms (4 & 6 Seater)
COST PER SEAT (INR PER
MONTH)
10 hrs: INR 7500 to 7738 + GST
24 hrs: 3000 per seat extra
MEETING ROOM 10 hours per month complimentary.
PRINTERS | SECURITY
SYSYTEM
100 BW pages complimentary |
Dedicated Access card
OPERATIONAL HRS 9:00 am to 7:00 pm
CAR PARKING SLOTS 3 Nos.
CAR PARKING CHARGES Covered: INR 1500 + GST
HOUSEKEEPING & PANTRY
SERVICES
Periodic cleaning & Sanitization
and Unlimited Tea/ Coffee
INTERNET 100 MBPS Lease line Included
SECURITY DEPOSIT | NOTICE
PERIOD
6 Months | 3 Months
TIMELINES 60 Days From LOI

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OPTION 4 - DOTSPACE
UNIT DETAILS
Chargeable Area sq. ft. Per Seat
Floor Offered 4th
Rent (INR per seat per
month) + GST
INR
6500/seat/month
Escalations 5.0% per annum
Security Deposit 6 Months rent
Car Parking Slots First Come First
Serve
Car Parking Charges INR 3000 Per slot
BUILDING PROFILE
Building Class B Grade
Building Type Commercial
Structure B + G + 4
Floor Plate (sft) 2500 sft
Total Development Size 10,000 sft
Occupation Certificate Yes
LEED Certification NA
Timeline for Handover Immediate
Building Facilities Pantry , Recreation area
No. of Elevators 1
Age of Construction 1 Year
AC Systems VRV
Ownership Single
Current Vacancy 40 seats
Coordinates 9.960940163144155,
76.29626737671218
Tenant Profile Cars24, Magic Bricks, Kotak
1 USD = INR 80.00

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FLOOR LAYOUT

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SERVICE INCLUSIONS
BUILDING NAME Cloud 9
SERVICE PROVIDER Dotspace
LOCATION Panampilly Nagar
WORKSTATION SIZE 3ft X 2ft
SEATS OFFERED
25 WS + Two dedicated meeting rooms
(4 & 6 Seater)
COST PER SEAT (INR PER
MONTH)
12 hrs: INR 6500 + GST
24 hrs: INR 7250 +GST
MEETING ROOM 45 hours per month complimentary.
PRINTERS | SECURITY SYSYTEM
Unlimited BW pages complimentary |
Dedicated Access card
OPERATIONAL HRS 9:00 am to 9:00 pm
CAR PARKING SLOTS First come First Serve
CAR PARKING CHARGES Covered: 4000 per slot per month
HOUSEKEEPING & PANTRY
SERVICES
Periodic cleaning & Sanitization
and Unlimited Tea/ Coffee
INTERNET 100 MBPS Lease line Included
SERVER RACK SPACE TBD
SECURITY DEPOSIT | NOTICE
PERIOD
6 Months | 3 Months
TIMELINES Immediate

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INTERIOR IMAGES

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OPTION 5 – WOLF PACK
UNIT DETAILS
Chargeable Area sq. ft. Per Seat Only
Floor Offered Ground
Rent (INR per seat per
month) + GST
7500/-
Escalations 5% per annum
Security Deposit 3 months
Car Parking Slots Car valet parking
Available
Car Parking Charges INR 3000 per slot
per month + GST
BUILDING PROFILE
Building Class Commercial/ GRADE B
Building Type Commercial
Structure RCC
Floor Plate (sft) 3000 Sft
Total Development Size 9000
Occupation Certificate Yes
LEED Certification No
Timeline for Handover Ready to Possession
Building Facilities Pantry and recreations centres
No. of Elevators No
Age of Construction 3 Years
AC Systems Centralized
Ownership Partnership
Current Vacancy Available
Coordinates
Tenant Profile MCX/ASK/OPC
1 USD = INR 80.00

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FLOOR LAYOUT

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SERVICE INCLUSIONS
BUILDING NAME Iyyattil Building
SERVICE PROVIDER WOLFPACK
LOCATION MG Road
WORKSTATION SIZE 4ft X 2ft
SEATS OFFERED 22 Seats
COST PER SEAT (INR PER MONTH)
12 hrs: 7500 + GST
24 hrs: NA
MEETING ROOM
22 hours per month complimentary usage on prior
booking. No dedicated room
Additonal Charges :
• Board Room (10 seater) – Rs 749 + GST Per
Hr
• Conference room (6 Seater) – Rs 499 +GST
per Hr
• Discussion Rooms (4 Seater) – Rs 299 + GST
Per Hr
PRINTERS | SECURITY SYSYTEM
30 Printouts per person complimentary | Common
Access card
OPERATIONAL HRS 9:00 am to 9:00 pm
CAR PARKING SLOTS Car valet parking available
CAR PARKING CHARGES Uncovered: INR 3,000 + GST
HOUSEKEEPING & PANTRY
SERVICES
Periodic cleaning & Sanitization and Unlimited
Tea/ Coffee/ drinking water/ biscuits
INTERNET Unlimited Common Lease line included
SECURITY DEPOSIT | NOTICE PERIOD 3 Months | 1 Month

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INTERIOR IMAGES

31. Annexures
1

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Current Lease 1 – Oxford Business
Centre
Building` Oxford Business Centre
Address Sreekandath Road, Ravipuram, Kochi- 16
Location MG Road
Lessor Individual- Mr. S Narayanan & Mrs. Malini Narayan
Lessee Mastercard XBS Technologies Private Limited
Area – sft 1,640
Floor 5th
Lease Commencement Date Fresh Lease – 1st
February 2022
Rent Commencement Date Fresh Lease – 1st
February 2022
Lease Expiry Date Fresh Lease – 31st
December 2022
Lock-In Period NA
Notice Period for termination 1-month
Notice for renewal 1-month
Lease Renewal
Another term of 11 months 1st
jan 2023–31st
Nov 2023,
upon mutual agreement
Rent Per Sq. Ft – Current INR 46.30 | USD 0.58
Escalation 5% after every 1 year on Rent
Parking Slots 3
Parking Charges – Current Included in Rent
CAM Charges – Current INR 5 per sq. ft | USD 0.06
Security Deposit INR 196,800
Ground rent/ Urban
Tax/Property Tax
Payable by lessor
VAT Payable by lessee
Current Capacity
Employee Headcount – TBC
Occupied Seats – TBC
Vacant Seats – TBC
Actual Seats – TBC
Employees Seating in Cabin – TBC
Market Trends
Current rental
compared to market -
High/ Low/ Aligned
Aligned
Market Rent
INR 45 - 50| USD 0.56– 0.63 (Bare-
shell)
Remarks Client is placed at a stable rental
1 USD = INR 80.00

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Current Lease 2 – Oxford Business
Centre
Building` Oxford Business Centre
Address Sreekandath Road, Ravipuram, Kochi- 16
Location MG Road
Lessor Individual- Mr. Kevin Alexander
Lessee Instant Global Money Transfer Private Limited
Area – sft 3,006
Floor 6th
Lease Commencement Date Fresh Lease – 12th
November 2014
Rent Commencement Date Fresh Lease – 12th
March 2022
Lease Expiry Date Fresh Lease – 11th
February 2022
Lock-In Period NA
Notice Period for termination 3-month
Notice for renewal 3-month
Lease Renewal
Another term of 11 months 2023– 2023, upon mutual
agreement
Rent Per Sq. Ft – Current INR 38.76 | USD 0.48
Escalation 5% after every 1 year on Rent
Parking Slots 3
Parking Charges – Current Included in Rent
CAM Charges – Current INR 5 per sq. ft | USD 0.06
Security Deposit INR 375,750
Ground rent/ Urban
Tax/Property Tax
Payable by lessor
VAT Payable by lessee
Current Capacity
Employee Headcount – TBC
Occupied Seats – TBC
Vacant Seats – TBC
Actual Seats – TBC
Employees Seating in Cabin – TBC
Market Trends
Current rental
compared to market -
High/ Low/ Aligned
Aligned
Market Rent
INR 45 - 50| USD 0.56– 0.63 (Bare-
shell)
Remarks Client is placed at a stable rental
1 USD = INR 80.00

34. Thank You