Oppo leases 4.3 lakh sq ft in Greater Noida to Bhagwati Products at ₹1.04 crore a month

Oppo Mobiles India Private Limited has subleased about 4.3 lakh sq ft of commercial space in Greater Noida to Bhagwati Products Ltd

Updated on: Mar 11, 2026 11:34 AM IST

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Oppo Mobiles India Private Limited has subleased about 4.3 lakh sq ft of space in Greater Noida to Bhagwati Products Ltd, a collaboration between Micromax Informatics and Huaqin Technology Co, at a monthly rent of ₹1.04 crore, according to sublease documents accessed by Propstack.

The space is located in a building in Sector Ecotech 7, Greater Noida, and the sublease was registered on February 5, the documents showed. The lease term is 4 years and 8 months, commencing January 1, 2026, with an option to renew upon expiry.

Under the agreement, Bhagwati Products Ltd has taken 10,000 sq m (107,639 square feet) on the third floor for ₹26 lakh per month, another 10,000 sq m (107,639 square feet) on the same floor for ₹26 lakh, and 20,000 sq m (215,278 square feet) across the first and second floors for ₹52 lakh per month, totaling a monthly rent of ₹1.04 crore. The agreement also provides for a 5% rent escalation after 24 months, the document showed.

A stamp duty of ₹95.60 lakh has been paid on the transaction, as per the document.

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The document noted that Bhagwati Products Ltd was looking for premises to set up a manufacturing facility.

Queries have been emailed to Oppo Mobiles India Private Ltd. The story will be updated if a response is received. Bhagwati Products Ltd could not be reached.

Micromax’s associate company, Bhagwati Products Ltd, has a joint venture with Chinese original design manufacturer (ODM) Huaqin. BPL has clients such as Vivo, Oppo, OnePlus, Realme, iQOO, Lenovo, Motorola, and Acer, covering a wide spectrum of product categories, according to media reports.

Also Read: MetLife GCC leases 75,000 sq ft office space in Noida at ₹41.84 lakh per month for five years

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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