BKC is the central business district in Mumbai where all big names from the corporate World wish to have a slice of real estate.
By Varun Singh
Two commercial realty deals in a single project in Bandra Kurla Complex (BKC), worth Rs 220 crore took place recently. In one of the deal the new owners have even got an access to 25 car parks in the building.
Both the deal that took place in a span of two week in June and July are in the building named Parinee Crescenzo located at BKC.
The first deal that took place is of two units on the 18th floor of the building, where an area of 22012 sq ft has been bought by National Realty Limited for a total consideration of Rs 82.38 crore.
The second deal is of the 20th floor in the same building where Advanced Realty Private Limited bought an are of 34,169 sq ft for a total consideration of Rs 138 crore. Thus combined consideration of both the deals is Rs 220 crore.
According to documents provided by Propstack, a firm that collects realty deal data via publicly available documents, the 18th floor deal took place on July 23, whereas the 20th floor deal took place on July 4. The seller in both the deals is Parinee Developers Private Limited.
In the first deal the stamp duty paid for the registration is Rs 4.94 crore and the owners will have access to 10 car parks in the building. Whereas in the second deal the the stamp duty paid is Rs 8.28 crore, whereas the owners will have access to 25 car parks in the building.
A detailed email sent to Advanced Realty and Parinee seeking their comment got us no response.
BKC is the central business district with all big names from the corporate World trying to have a slice of real estate in this area.
“The recent sale transactions indicate continued appetite from Corporates and Investors for quality space in established micro markets and projects in Mumbai. Over the past few months, multiple Corporates have purchased commercial spaces in Dadar, Lower Parel, for self use. In this case the buyers have bought into the long term positive trend of BKC, the project, and existing or future tenants,” said Raja Seetharaman, Co-founder, Propstack.
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