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IPO-bound Infra.Market has signed a 20-year lease with Ekatva Group at its property in Thane at rent of over ₹200 crore, a release from the real estate developer said.
The total area being leased is 70,000 square feet and under the terms of the agreement, Infra.Market will register the first three floors this month and five more floors in March.
Infra.Market is a building materials platform, that provides a range of materials ranging from concrete and walling products to electrical appliances and consumer durables. It has its own manufacturing facilities as well as in-house brands, supported by a pan-India network of over 10,000 dealers and over 25,000 retail touchpoints
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