By Varun Singh
Pidilite Industries Limited has rented a ground and nine Floors along with a terrace building in Andheri.
The building that Pidilite has rented is Opus Prime, located in Marol Industrial Area Phase 2, Central Road, Andheri.
According to documents provided by ‘CRE Matrix, a real estate data analytics firm’ the deal was signed between Pidilite and Beekalene Fabrics Private Ltd on September 2, this year.
The total lease period is 60 months of which the lock-In period is 60 Months for Licensor and 36 Months for Licensee. The rent escalation is 5% at the end of every 12 months.
The total useable area is 1.09 lakh sq ft and Pidilite will also have an access to 128 car parks in the building. The security deposit paid for the rental deal is Rs 10.8 crore.
In the last few days several big ticket rental deals were witnessed in the city of Mumbai.
A 2.39 lakh sq ft of land area was leased out for a whopping Rs 3.57 crore per month for a period of 258 months by Amazon Data Services India Pvt Ltd in Powai
In August, two separate rental deals were signed between Nykaa E-Retail Pvt Ltd and Marathon Realty Pvt Ltd. The first one is 201 & 301, 2nd & 3rd Floor, Marathon Chambers-A, IIT/ITES Park, Lower Parel, whereas the second one is 2705/2706/2707/2708, 27th Floor, A-Wing, IT/ITES Park, Marathon Futurex, Mafatlal Mill Compound, N.M. Joshi Marg, Lower Parel. The total monthly rent is Rs 68.97 lakh.
Recently actor Salman Khan renewed the lease of his property that he has given on rent for another two years this time for a rent of Rs 89.60 lakh per month. The deal was signed in September first week, and the building is located on Linking Road in Santacruz.
