BKC (Bandra Kurla Complex), the Suburban Business District of Mumbai, saw two big ticket rental deals recently.

According to documents accessed by SquareFeatIndia, provided by Propstack, the two deals took place in Maker Maxity located in BKC.

The first deal lease deal is between Advanced Technical and Management Consultants Private limited, who is the owner, and the tenant is Petrochina International (India) Pvt Ltd.

This deal is of a property comprising of two offices on 6th floor of the building. The monthly rent here is Rs 19.23 lakh, whereas the deposit is Rs 2.3 crore. The chargeable area is 3771 sq ft. The rent escalation is 4.5% every year. The tenure here is for 60 months. The lease commences on OCtober 1, 2023.

The second lease deal is between Advanced Realty Pvt Ltd, and the tenant is Tourism Australia Services and Business Operations LLP. The office is located on 9th floor whereas here the tenure is 27.2 months. The monthly rent is Rs 11.28 lakh, the deposit is Rs 1.35 crore. The chargeable area is 2226 sq ft (built-up). The rent escalation is 5% every year. Teh lease commences from July 1, 2023.

Also Read: BKC property goes for Rs 1.15 crore rent per month

You May Also Like

Maharashtra Govt Fast-Tracks Redevelopment of Buildings on Mumbai’s Mill Lands

New rules provide developers with additional FSI, fast-tracking projects on textile mill lands and ensuring safer housing for residents in aging structures.

The top 3 Real Estate Agents to Pass MahaRERA exam are Women

2812 Real Estate Agents out of 3110 successful who appeared for the…

Union Minister Piyush Goyal Shares His Struggles with Mumbai Developer

Piyush Goyal recently shared his personal struggles with a Mumbai developer at an event organized by the developer fraternity. He recounted how, despite purchasing his home in 2010, it took five years to obtain the Occupation Certificate after the property was completed in 2012. Goyal’s experience highlights the challenges many homebuyers faced in the pre-RERA era and underscores the need for ongoing reforms in the real estate sector.

Good news: Home prices to correct by 15%

Good news for those waiting to buy homes, Home prices across the…