BHIVE Workspace, operated by Tusker Workspace Pvt Ltd leased 7 units in Adani Inspire BKC, Rs 1.39 Crore.

Sunborurne Developers Pvt Ltd (previously named Adani Realty), has leased 7 units in Adani Inspire BKC.

According to documents accessed by SquareFeatIndia, provided by Propstack. shows the deal was signed on March 2, 2024.

The total chargeable carpet area is 62,188 sq ft.

Rs 1.27cr is the base rent of Rs 205 per sq ft. But there is a cam of Rs 12 per sqft and branding charges of Rs 5 per sq ft are added the total rent goes up to 223 per sqft that is Rs 1.39 Crores per month which is what BHIVE will actually pay.

The stamp duty paid Rs 22.96 lakh the lease period is for 5 years.

The license fee escalates by 15% after every 3 years.

Also Read: Adani Wins bid for Redeveloping Dharavi

You May Also Like

Real Estate PE Investments Log 40% Annual Rise in 1H FY23

Investor confidence in Indian real estate is increasing steadily on the back…

Godrej leases office to Maersk for Rs 13.09 crore rent

Godrej Fund Management has leased ~ 2 lakh sq. ft. office space to…

Office gross leasing to close at 40-45 mn sq ft in 2023

India office sector is expected to close stronger at 40-45 million sq…

MahaRERA Directs Developer to Allocate Car Parking to Homebuyers, Warns of Penalty for Non-Compliance

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the developer of Suyog Nisarg Phase III to allocate promised car parking spaces to three homebuyers within 30 days. The ruling, delivered after the developer’s absence from the hearing, warns of penalties for non-compliance and highlights ongoing registration and compliance issues with the project.