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Lodha iThink
Thane, Mumbai

1% Enhanced yield for eligible investors

Lodha iThink Thane big hero
something

12+

Lodha iThink

Thane , Mumbai

Fully Funded

8.44%

HIGH RENTAL YIELD

15.0%

HIGH RETURNS

Rs 10,000

ATTRACTIVE PRICE

MUMBAI

LOCATION

Bid/ ask

You can now place both Bids and Offers with Property Share.

Bids

A Bid is the price at which a given number of shares are available to buy.

Ask

An Offer is the price at which owned shares are available for sale.

Investment Returns

Investment Amount

Tenant Details

Name

Tata Motors Finance

Country

India

Description

Leading automotive finance provider for commercial and personal vehicles

Time Period

Lease Start Date

01 Nov 2021

Lock-in Period

3 YEARS

Lease End Date

31 Oct 2026

Tenant Highlights

35,802 SF

Total Area

₹67

Rent Per SF

5 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 35,80,20,000

₹ 2,14,81,200

₹ 1,07,40,600

₹ 15,00,000

₹ 42,58,200

Location Highlights

Thane is strategically located on the Eastern Express Highway and constitutes c. 9% of the overall office absorption in Mumbai. In 2017, TCS set up its largest office in Thane with a capacity of 30,000 employees spanning an area of 3 million sf.

Floor Plan

Proposed unit is a portion of the 9th floor totaling 35,802 sf in Wing A

Lodha iThink Thane floor plan

Investment Overview

There is a unique opportunity to purchase 35,802 sf in Lodha iThink, Mumbai, tenanted to Tata Motors Finance at an all-in price of Rs. 39,60,00,000 (Rs. 10,000 per sf) implying a 8.44% yield and 15.0% IRR for eligible investors.

Lodha iThink is an 800,000 sf Grade A tech park in Thane with tenants like Future Generali, Willis Towers Watson, Worley Parsons, Tata Capital, Tata Motors Finance, Euronet, among others. Thane is strategically located on the Eastern Express Highway and constitutes c. 9% of the overall office absorption in Mumbai.

We believe this is a unique opportunity to acquire a leased Grade A asset with a 3 year lock-in and a blue chip tenant.

Key Updates

30-Aug-2021

Term Sheet Signed

09-Sep-2021

Listing Live

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

Detailed Report on the Title diligence of the property by Amarchand Mangaldas