Walmart leases 4.6 lakh sq ft in Chennai for Rs 3.26 crore monthly rent

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The company leased a ground floor and four upper floors from the landlord – Radial IT Park – at the rental rate of Rs 70 per sq ft per month.

Walmart leases 4.6 lakh sq ft in Chennai for Rs 3.

In 2018, the retailer bought a majority stake in Flipkart Group, a Bengaluru-based e-commerce platform.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: Walmart Rs 70 per sq ft lease Walmart global retail footprint Flipkart Group companies Walmart India lease Walmart Propstack lease document Walmart office space Chennai Walmart rent escalation Walmart Chennai office Walmart real estate India Walmart Rs 3.26 crore rent Walmart deposit Rs 19.55 crore Walmart wholesale business India ITPC Chennai rental deal Walmart supply chain Walmart e-commerce India Walmart Flipkart acquisition Walmart global operations Walmart Radial IT Park lease

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 17:07:43 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27918571

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