32 Der Deutsche Parkz
Eastern Commercial Belt, Mumbai

Overview

Developer
Raycon Infrastructure
Size
5,904 sq ft
Tenant
Viaante Business Solutions
Total Asset Cost
7.06 Crore
Ownership Options
Completely Funded
Min Ticket SizeRental YieldYield + Appreciation RateCalc. Rent
10 Lakh9.03%14 - 19% I'm Interested

Financial Model

Cost Breakup
Cost of Premises
6,54,28,842
93%
Stamp Duty & Registration
37,98,908
5%
Administrative Expenses
7,60,000
1%
Reserves
6,86,208
1%
Income from Security Deposit
26,13,709
4%
Forecast of Capital Appreciation
0%
YIELD + APPRECIATION
9.03%
Note: Positive appreciation rate, or growth, is always subject to market events & conditions

About the Tenant

Viaante Business Solutions
Annual Rent
61.15 Lakh
Lease Period
Until Jul 2021
Lock-in Period
Until Jul 2021
Fitouts
Done by Tenant
Background
Viaante, founded by ex-Hexaware Global Sales Head Neil Parekh and ex-Hexaware Technology and Innovation Team Head Sameer Shah, provides total BPO, KPO & IT Solutions. One of the fastest growing IT services company with 700+ employees, 6 delivery centres, ISO 9001-2015 Certified. Having its head office in Mumbai, it also has offices in US & UK. Revenue and profit have tripled since 2015 Company has zero debt in its balance sheet as on March 2018

About the Building

Size of the Building
5,904 sq ft
Developer
Raycon Infrastructure
Facility Manager
Raycon Infrastructure
Amenities
LEED Certified Gold Rated
CCTV Camera
Advance IBMS System
Banking and Restaurants
Power Backup
Car Parking
High Speed Elevators
Vastu Compliant
Location
Adjacent to Nahur Station in Central Rail route
Easy access from Eastern Express Highway
Quick city access via Goregaon-Mulund Link Road and LBS Marg

About the Neighbourhood

Eastern Commercial Belt
The saturation of the Western Commercial Belt accompanied by the skyrocketing commercial real estate prices has led to the emergence of Eastern Commercial Belt as the go-to location for the information technology companies. The Eastern region has seen tremendous growth both in the demand and supply of commercial properties. Companies looking for cost-efficient solutions with great infrastructure and amenities have found this upcoming belt highly enticing. This region is also witnessing an increase in the number of residential properties, which is a value addition for the companies as most of the employees want to live in close proximity to their workplace and cut down the travel time. Within a short period of time, the region has evolved from what was earlier known for factories and industrial activities, to becoming hubs for back-office operations and now transforming into main office destinations.
Overall Vacancy in Eastern Commercial Belt
8%