Ambience Group expects Rs. 300 cr new rental revenue from office space.

Ambience Group, a Delhi-based real estate entity, has started to lease out about two million sq ft of a newly built retail portfolio, excluding malls, and expects this to earn Rs. 300 crore of annual revenue from next year.

About a million sq ft of office space will be leased out in Gurgaon at 'Ambience Tower'. It has leased out 250,000 sq ft in this tower to Panasonic India, where Panasonic will consolidate its operations, and about 26,000 sq ft to Saudi Arabia's Sabic India.

BS