Ackruti Centre Point 1Andheri East, (Mumbai)
Minimum Investment₹ 25.00 L
Expected IRR15.41%
Entry Rental Yield9.22%
Asset Value₹ 25.51 Cr
Fully Funded
100% Funded
Reason For InvestingAn evergreen investment destination, Andheri, houses many commercial spaces, including media houses, IT/ITeS, consulting, pharmaceutical companies and logistic offices. It is one of the largest areas of Mumbai & is well-connected to the other parts.601,6th floor, Ackruti Centre Point, Kondivita, Near Telephone Exchange, MIDC, Andheri East, Mumbai-400093, Maharashtra.
Location
LocationInfrastructure
InfrastructureAbout The Property
An ideal opportunity to invest in a Grade A+ asset located at Ackruti Centre Point, Andheri. The asset is located on the 6th floor of the building and is let out to ICICI bank. ICICI bank is a Grade A tenants with long lease and lock-in. It is one of the ‘Big Four’ banks of India. The asset is located in Andheri which is an evergreen real estate market primarily known for its proximity to the International and Domestic Airports and for the MIDC, SEEPZ, IT hubs and commercial spaces. It is home to many known global brands and corporate offices and has excellent connectivity from both Central and Harbour railway lines. It is a very attractive investment opportunity given the asset and tenant quality, long lease and location advantage.
Location ProximityAn evergreen investment destination, Andheri, houses many commercial spaces, including media houses, IT/ITeS, consulting, pharmaceutical companies and logistic offices. It is one of the largest areas of Mumbai & is well-connected to the other parts.
Chakala Metro Station(line 3)
MIDC Metro Station(line 1)
Andheri Railway Station
Mumbai International Airport
Mumbai Domestic Airport
Tenant InformationICICIFormed in 1994, ICICI bank is a leading private sector bank in India, offering a wide range of banking products and financial services to corporate and retail customers. It has 5,324 branches and 15,661 ATMs across India. The bank has 1 lakh+ employees and a brand presence in 17 countries. Its the only bank to receive an A+ rating for its sustainable practices and robust environment, social and governance framework. Its revenue is ₹ 77,913.36 cr and its asset base is ₹ 1,377,292.23 cr
Lease Start DateFebruary 2021
Lock-in Period3Years
Lease End DateFebruary 2030
Security Deposit₹ 1,01,80,080
Area20,271 sq ft
RentINR 84 psq ft pm
Escalation12.5%
FitoutsDone by Tenant
Lease Period9 Years
Building Amenities
Car Parking
High Speed Elevators
CCTV Cameras
Restaurants
Banking
Power Backup
Cost Breakup