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The Capital Bandra Kurla Complex cover image
The Capital
Bandra Kurla Complex, Mumbai
The Capital Bandra Kurla Complex big hero
something

3+

The Capital

Bandra Kurla Complex , Mumbai

Resale

Bids
Ask

Bid/ ask

You can now place both Bids and Offers with PropShare capital.

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 Highlights

7.4%

HIGH RENTAL YIELD

16.7%

HIGH RETURNS

₹ 34,646

ATTRACTIVE PRICE

Grade A+

QUALITY

Investment Returns

Investment Amount

Tenant Details

Name

State Bank of Mauritius

Country

Mauritius

Description

State Bank of Mauritius is a commercial bank by the Bank of Mauritius, the national banking regulator. It is the second-largest bank in Mauritius with a market share of about 25% of domestic banking assets.

Time Period

Lease Start Date

15 Jan 2019

Lock-in Period

3 YEARS

Lease End Date

15 Jan 2024

Tenant Highlights

7,721 SF

Total Area

₹222

Rent Per SF

5 YEARS

Lease Period

5%

Escalation

Property Pricing

₹ 26,75,00,000

₹ 1,60,50,000

₹ 30,000

₹ 16,05,775

₹ 53,50,000

₹ 19,21,900

₹ 5,00,000

₹ 11,00,000

₹ 9,42,325

Location Highlights

Bandra Kurla Complex is Mumbai’s financial centre and the preferred location for all blue chip financial and investment firms. It houses headquarters of the National Stock Exchange, SEBI, large public and private sector banks, international consulates, five star hotels, international schools and convention centres.

Floor Plan

Property Share’s unit is located on the 3rd floor and leased to State Bank of Mauritius. It is well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners.

The Capital Bandra Kurla Complex floor plan

Investment Overview

There is an opportunity to purchase a 7,721 sf commercial office space in The Capital within the Bandra Kurla Complex, Mumbai for an all-in cost of Rs. 29,50,00,000 (Rs. 34,646 per sf) which implies a 7.7% yield for pre-book investors.

The Capital is a platinum grade building in the heart of Bandra Kurla Complex and houses the India HQs of Deutsche Bank along with tenants like Pfizer, Symantec, MunichRe, VISA among others.

The unit has just been leased to State Bank of Mauritius for a 9 year lease with a 3 year lock-in. The SBM lease is at a 13.4% discount to recent leases in the building implying significant leasing upside in the transaction.

We believe the pricing, location, tenant, rental yield and quality of the development will lead to significant upside over the next 4-5 years.

Key Updates

04-Jan-2019

MOU Signed

08-Jan-2019

Funding Opened

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

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