Own Grade-A office space at 18% below market rent in SBD East, Mumbai! Leased to US-listed giants Amdocs & Air Products with long-term agreements and annual escalations. 9%* entry yield, 15.15%* XIRR, 8.7% avg gross yield.
In campus:
Average rent is Rs 86.6 psf vs Our rent Rs 77 psf ie 11% discounted price Entry
In Micromarket (SBD East):
Average rent Rs 91.34 psf vs Our rent Rs 77 psf ie 18.62% discounted price entry
Top tenants in campus:
SAP, Accenture, Capgemini, Tata Elxsi, HCL Tech, Deutsche Bank, etc
Property
Licensee 1 - Airproducts:
In campus since Jan 2019, Total 1.1L sqft occupied
Term Agreement: 5yrs (July 2022-27)
Escalation: 5% every year
Chargeable Area: 22,164sqft
Licensee 2- Amdocs:
In campus since Sep 2013, Total 10L+ sqft occupied
Term Agreement: 9yrs (June 2023-32)
Escalation: 15% every 3year
Chargeable Area: 22,164sqft
ROI:
Tenant Highlights
