Tesla signs 9-year lease for 8,200 sq ft showroom in Delhi’s Aerocity
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Elon Musk’s Tesla India Motors and Energy Pvt Ltd is revving up for its Delhi expansion, locking in an 8,200 sq ft showroom in Aerocity’s upscale hospitality district near Indira Gandhi International Airport. The nine-year lease, accessed via CRE Matrix documents, comes at a monthly rent of ₹17.22 lakh.
The space, leased from Oak Infrastructure Pvt Ltd at ₹210 per sq ft, carries a security deposit of ₹1.03 crore. Tesla has also booked 10 parking slots at ₹6,000 per month each. The sublease deed was registered on July 30, with operations set to commence on March 15, 2025, followed by a 120-day fit-out. Rent will kick in from July 13, 2025, with a three-year lock-in, 15% rent hikes every three years, common area charges of ₹33.5 per sq ft per month, and a refundable CAM deposit of ₹16.48 lakh.
Earlier reports suggest the Aerocity showroom, at Brookfield’s Worldmark 3, could open on August 11. The property saw Bharti Enterprises transfer its full stake in Rostrum Realty to the Brookfield Group in two phases April 2023 and June 2024.
Tesla and Oak Infrastructure Pvt Ltd did not comment on the deal.
Tesla officially rolled into India on July 15, unveiling its first showroom at Maker Maxity Mall, BKC, Mumbai, India’s costliest commercial hub. That 4,000 sq ft space was secured in February 2025 for ₹23.38 crore over five years.
Gurugram is also on Tesla’s map. Last month, the EV giant leased nearly 51,000 sq ft at Orchid Business Park, Sohna Road, for nine years, starting at ₹40.17 lakh per month.
Industry insiders note that luxury car brands chase locations with high visibility and easy access for wealthy clientele. “The showroom should be located in an area where cars can be easily delivered. It should have better infrastructure in terms of accessibility. Large corridors, clean pavements and a design that supports better visibility,” they said.
Rental rates, experts add, often hinge on branding opportunities. “A corner showroom space that has two-sided visibility will command higher rentals,” a real estate expert told Hindustan Times.
The space, leased from Oak Infrastructure Pvt Ltd at ₹210 per sq ft, carries a security deposit of ₹1.03 crore. Tesla has also booked 10 parking slots at ₹6,000 per month each. The sublease deed was registered on July 30, with operations set to commence on March 15, 2025, followed by a 120-day fit-out. Rent will kick in from July 13, 2025, with a three-year lock-in, 15% rent hikes every three years, common area charges of ₹33.5 per sq ft per month, and a refundable CAM deposit of ₹16.48 lakh.
Earlier reports suggest the Aerocity showroom, at Brookfield’s Worldmark 3, could open on August 11. The property saw Bharti Enterprises transfer its full stake in Rostrum Realty to the Brookfield Group in two phases April 2023 and June 2024.
Tesla and Oak Infrastructure Pvt Ltd did not comment on the deal.
Tesla officially rolled into India on July 15, unveiling its first showroom at Maker Maxity Mall, BKC, Mumbai, India’s costliest commercial hub. That 4,000 sq ft space was secured in February 2025 for ₹23.38 crore over five years.
Gurugram is also on Tesla’s map. Last month, the EV giant leased nearly 51,000 sq ft at Orchid Business Park, Sohna Road, for nine years, starting at ₹40.17 lakh per month.
Industry insiders note that luxury car brands chase locations with high visibility and easy access for wealthy clientele. “The showroom should be located in an area where cars can be easily delivered. It should have better infrastructure in terms of accessibility. Large corridors, clean pavements and a design that supports better visibility,” they said.
Rental rates, experts add, often hinge on branding opportunities. “A corner showroom space that has two-sided visibility will command higher rentals,” a real estate expert told Hindustan Times.
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