3. Property Synopsis
• Land Area: 4,053 sq.mtrs
• Land Lease Tenure: Till 2076
• Total Development: Apprx. 83,000 sq.ft. usable carpet
86,565 sq.ft. built up | 1,27,000 sq. ft. leasable area
• Floorplate: 10,500 | 7000 sq.ft. usable carpet
• Building Structure: 2 Basements + Ground + 8 office floors + Terrace
• Age of Building: 14 years
• Use: IT / ITES
• 126 Car Parks
• Grand Entrance Lobby
• 100% Power Back Up
• Building Architect: Hafeez Contractor
5. Salient Features
Independent Building: Well maintained Independent Land + Building
Rare Opportunity: Limited supply of Preleased Independent Land + Building in Mumbai
Price and Rental Trends: There is an upward trend in rentals and prices in Andheri E. Other assets in
the vicinity of the building are in the range of ₹25,000 - 45,000 psf. on carpet.
Grade A Occupants: Stable tenants paying one of the lowest rentals in this asset ₹125 psf. including
CAM on usable carpet i.e.81 psf. on leasable area(65% efficiency). Avg. market rentals of comparable
buildings are in the range of ₹110 – 135psf. on leasable area.
Capital Growth: This asset has potential to give high rental returns in future along with capital
growth.
Future FSI Benefit: Higher FSI benefits as per revised DCR 2034
Connectivity & Infrastructure Development:
-> Upcoming Seepz – Colaba Metro Line
-> Upcoming Vikhroli – Andheri Metro Line
-> Electric AC Bus Services from Seepz to Andheri Railway Stations
Existing Ghatkopar – Andheri Metro Line
Existing Andheri – Dahisar Metro Line
12. Why Invest In Preleased Commercial Assets
Higher return on investment compared to other low risk investment options like Bank FD’s, Govt. Bonds –
Avg. 6.5 to 7.5% net pa.
High Return on Equity – 6 times in 10 years
High IRR – 16 % in 10 years
Leverage upto 50-60% of property value at lowest interest rates
Tax Efficient ROI can be planned
Grade A properties
Grade A occupants
Grade A locations
Long term agreements
Capital growth opportunities
Low risk investment as it is secured by underlying asset & registered Leave N License / Lease agreements