Up next
Tags

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

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
Projected look of Ambedkar Meorial at Indu Mill

Dr Ambedkar’s Parel Home to Become Memorial

This would be second Ambedkar memorial within Central Mumbai. A grand Ambedkar…
Appellate court awards ₹2 lakh to senior citizen after society failed to resolve years of terrace leakage complaints.

Housing Societies Can Claim Tax Relief on Interest Only from These Banks

Housing Societies Can Claim Tax Relief on Interest Only from These Banks – Mumbai ITAT restores case of Chembur society and directs fresh verification as per Supreme Court judgment.
It mentions one ground from the original suit: the society's bona fide requirement for demolition and reconstruction to provide housing for members (a common redevelopment-related plea under rent laws).

75-Year-Old Retd. IAS Officer Loses Case to Evict 53-Year-Old Unemployed Son from Mumbai Bungalow

In a significant ruling, the Bombay High Court has overturned an eviction order against a 53-year-old unemployed man by his 75-year-old retired IAS father, stating the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, cannot be misused for property recovery without a genuine maintenance need. The case highlights the balance between elder welfare and family property rights.
India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.

Flex Office Stock to Cross 100 Million Sq Ft by 2027; Penetration to Exceed 10%

India’s flex workspace stock across the top seven cities is expected to cross 100 million sq ft by 2027, with penetration rising to 10.5%, driven by strong enterprise demand, GCC expansion, and rapid growth in Bengaluru, Pune, and Chennai.