India, June 29 -- Ola has renewed the lease for approximately 4.27 lakh sq ft of office space in Bengaluru through two separate agreements, with a total rental commitment of around Rs.281 crore over the tenure, according to property registration documents accessed by Propstack.

Under the first agreement, Ola Electric Technologies Pvt. Ltd. has renewed its lease with RMZ City Estates Pvt. Ltd. for five years for 1.68 lakh sq ft of office space across the 4th, 5th and 6th floors of Prestige RMZ Star Tech in Koramangala, Bengaluru.

The lease, registered on May 8, 2026, commenced on October 16, 2025. It carries a monthly rent of Rs.1.74 crore at Rs.103.5 per sq ft, with a 15% rent escalation after three years. The agreement also includes a ...