General Mills inks 2nd largest front-office lease deal in Mumbai

In one of the biggest front-office lease deals in Mumbai, US-based food major General Mills has renewed agreements for 184,120 square feet (sq ft) of office space in the Powai area of Mumbai for rents ranging from Rs 104 to Rs 110 a sq ft per month.

The firm, which makes Pillsbury packaged atta, has taken space in three buildings — Prudential House, Spectra and Venture — from Lake View Developers of Hiranandani Constructions.

The lease rents were in line with market rates in the Powai area, real estate experts said. Office rents hover around Rs 100 to Rs 120