Times Square Andheri OpportunityAndheri East, (Mumbai)
Minimum Investment₹ 25.00 L
Expected IRR13.1%
Avg Rental Yield10.35%
Asset Value₹ 21.89 Cr
Fully Funded
100% Funded
Reason For InvestingAndheri enjoys excellent connectivity and is well connected to the other parts of city via rail, bus metro facilitating access to other commercial hubs. It attracts tenants from all sectors due to quality of office spaces.Andheri enjoys excellent connectivity and is well connected to the other parts of city via rail, bus metro facilitating access to other commercial hubs. It attracts tenants from all sectors due to quality of office spaces.
Location
LocationInfrastructure
InfrastructureAbout The Property
Times Square is an Grade A+ iconic IT park spread across approx. 6.5 acres of land in the bustling business hub of Mumbai. It has gained the stature of gold rated LEED certified private IT Park, redefining the genre of business parks in the country. It’s an Eco-tech commercial marvel which benefits from the special privilege of being situated at Andheri (E), a strategic location seamlessly connected with airports and railway stations. This commercial hotspot in India’s capital of business has a total leasable area of 900000 sq. ft with a low vacancy of 8% along with world class amenities.
Location ProximityAndheri enjoys excellent connectivity and is well connected to the other parts of city via rail, bus metro facilitating access to other commercial hubs. It attracts tenants from all sectors due to quality of office spaces.
Tenant InformationPersistent SystemsEstablished in 1990, Persistent systems is a listed Indian multinational global solutions company, delivering digital business acceleration, enterprise modernization and next generation product engineering services, to create a unique competitive advantage for their clients. Their services include Digital business strategy, software product engineering, CX innovation and optimization, data-driven business intelligence and identity access.Persistent won the prestigious ‘ISG 2020 Star of Excellence Award’, for its exceptional customer-centricity in delivery of its core technologiesSmartworksSmartworks is India's first leading managed and flexible office space provider. They provide affordable, configured and scalable workspaces ready-to-use in 30days to MNCs, SMEs and high growth startups. With an aggresive expansion strategy, Smartworks has tripled its revenue in 2021 and now operates at 4million+ sqft. With a pan India presence , Smartworks has 65,000+ seats spread across 31 center-in 9 cities including Hyderabad, Chennai, Mumbai, Banglore and Delhi-NCR.
Lease Start DateDecember 2019
Lock-in Period-2Years
Lease End DateDecember 2034
Security Deposit₹ 1,19,37,510
Area17,005 sq ft
RentINR 117 psq ft pm
Escalation15%
FitoutsDone by Tenant
Lease Period15 Years
Lease Start DateDecember 2019
Lock-in Period5Years
Lease End DateDecember 2034
Security Deposit₹ 1,19,37,510
Area17,005 sq ft
RentINR 117 psq ft pm
Escalation15%
FitoutsDone by Tenant
Lease Period15 Years
Building Amenities
Car Parking
High Speed Elevators
CCTV Cameras
Power Backup
Cost Breakup