India, Feb. 6 -- Italian fashion brand OVS has leased over 11,000 sq ft of retail space in Oberoi Sky City Mall at Borivali, Mumbai, for a total rent of around Rs.28 crore for a period of five years, or 10 per cent of the company's revenue from the store, whichever is higher, according to property registration data accessed by Zapkey.

The space is located on the ground floor of Sky City Mall and is leased for five years, from March 2026 to February 2031. The lease transaction has a 30-month lock-in period, according to the documents.

The total carpet area of the retail space is 11,158 sq ft, and the per-month rent for the first 12 months is Rs.41.84 lakh, followed by Rs.44.63 lakh for the next 24 months, and Rs.51.32 lakh for the last 2...