Sunteck Realty leases 2L sq ft space to Upgrad at monthly rent of rupees 300 per sq ft

Posted March 15, 2023 by kajalsharma

The real estate developer expects a revenue of rupees 2,000 crore over the entire tenure of 29 years
Sunteck Realty has leased out 2 lakh square feet of space at one of its buildings in Mumbai to Upgrad Education Private Limited for a period of 29 years at a starting monthly rent of rupees 300 per square feet.

The real estate developer said that it expects revenue of rupees 2,000 crore to be generated over the entire tenure of the lease.

The building, Sunteck BKC51, is nearing completion and will be ready for possession by June this year, the company said. The building is located in Mumbai’s business district Bandra Kurla Complex.

Upgrad, which has Ronnie Screwvala as one of its founders, offers higher education courses in association with global and local universities and institutes.

JLL India was the advisor for the transaction.
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Business Address 5th Floor, Sunteck Centre, 37-40, Subhash Road, Vile Parle (East), Mumbai - 400057
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Tags real estate , sunteck realty ltd , real estate news
Last Updated March 15, 2023