PER SQUARE FEET
  • DEBT AVAILABLE
  • TENANTED
5,107 SF
Bandra Kurla Complex, Mumbai
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 93.5%
  • 50
Of ₹ 18,87,00,000 Property Value
  • A short video describing the property and its key amenities.

    • HIGH RENTAL YIELD on All-in Price
    • HIGH RETURNS IRR
    • ATTRACTIVE PRICE Per square foot
    • QUALITY Gold LEED Building
  • There is an opportunity to purchase a 5,107 sf commercial office space in The Capital within the Bandra Kurla Complex, Mumbai for an all-in cost of Rs. 18,87,00,000 (Rs. 36.949 per sf) which implies a 8% inplace yield and a 20% discount to what the developer is quoting. 

    The Capital is a 1.2 mn sf Grade A+ office building located in Mumbai’s central business district – Bandra Kurla Complex and houses the India headquarters of Deutsche Bank. It is arguably one of the top 3 office developments in BKC.

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

    • 100%
      INVESTMENT AMOUNT
    • 42%
      RENTS
    • 2%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT
    • 205%
      TOTAL
    Return Target : 17.2%
  • ₹ 18,87,00,000
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    All in price

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. 

Well laid out floor divisible into separate office with lifts in the middle and bathrooms in the four corners.

  • ₹ 18,87,00,000
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    All in price
  • ₹12,10,359
    GROSS RENT
  • ₹66,391
    property tax
  • ₹1,57,040
    property management fee
  • ₹9,86,928
    net rent
Annual Yield : 8%
  • 01 Jan 2017
  • 2 YEARS
  • 01 Jan 2022
  • 5,107 SF
  • ₹ 237
  • 5 YEARS
  • 15%

TENANT DETAILS

Name: Clix Capital

Country: India

Office Locations: Mumbai, Gurugram, Bengaluru

Description: Clix Capital is an NBFC cum private equity fund with $300 million Assets Under Management (AUM) backed by AION Capital a $1.5 billion fund that took over GE Capital’s business in India. It is run by Pramod Bhasin, ex CEO and President of GENPACT.

  • ₹ 36,949 per square feet for a Grade A completed rented office building in BKC, Mumbai
  • 8% rental yield 
  • 15.0% escalation every 3 years
  • Tenanted to Clix Capital
  • A $300 mn NBFC/ PE Fund
  • Located in BKC, Mumbai's central business district
  • Headquarters of NSE, SEBI, Public and Private sector banks
  • At a 10% CAGR on exit, the returns are 17.2% and 2.0x
  • 8% rental yield which increases to 9.16% in dec '19 due to contractual escalation
  • Gold LEED certified building
  • Top 3 buildings in BKC
5%
15%
  • PROFIT AMOUNT
  • SALE PRICE PSF
  • MOIC
  • IRR
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
investment ( ₹ 18,87,00,000 )
rents 1,45,24,308 1,45,24,308 1,67,02,954 1,67,02,954 1,67,02,954
interest on deposit 5,74,538 5,74,538 5,74,538 5,74,538 5,74,538
sale value 30,39,03,237
TOTAL ( ₹ 18,87,00,000 ) ₹ 1,50,98,846 ₹ 1,50,98,846 ₹ 1,72,77,492 ₹ 1,72,77,492 ₹ 32,11,80,729
  • Property Share's Detailed Investment Note

  • Detailed Report on the Title dileigence of the property by Amarchand Mangaldas.

Picture

MoU Signed

12-12-2017
Picture

Funding Opened

14-12-2017