Abbott leases luxury apartment for Rs 10 lakh per month in BKC
Real Estate

Abbott leases luxury apartment for Rs 10 lakh per month in BKC

Abbott Healthcare, a medical device company, rented a 5,000-sq-feet apartment in the Bandra-Kurla Complex (BKC) at the luxury residential project Sunteck Signature Island in Mumbai. The monthly rent of the apartment is nearly Rs 10 lakh.

The overall tenure of the rent is 36 months, taking the rental payment to more than Rs 3.60 crore throughout the period.

The corporate office is near the complex, so it is expected a Chief experience officer (CXO) of a firm would acquire the lease.

The apartment is on the third floor, and the resident would also get private access to the five-car parking space. On 27 July, the registration of the deal took place.

In September 2015, the medical device company purchased a 4.35 lakh sq ft office area at Godrej Properties for around Rs 1,480 crore. The deal was registered as the largest end-user office area transaction by value.

The firm revealed that the office area would house over 1,500 employees.

In 2016, in the Andheri suburb of Mumbai, Abbott bought a whole under-construction building with more than 1.60 lakh sq ft built-up area to construct a development and innovation centre.

Many prominent personalities of the corporate sector, banking, and fraternity purchased apartments in the same project constructed by Sunteck Realty.

Other additional buyers like Gautam Adani, Vikram Pandit, Mihir Doshi, Gunit Chaddha also bought an apartment in the nearby project Signia Isle constructed by the same developer.

Image Source


Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Abbott Healthcare, a medical device company, rented a 5,000-sq-feet apartment in the Bandra-Kurla Complex (BKC) at the luxury residential project Sunteck Signature Island in Mumbai. The monthly rent of the apartment is nearly Rs 10 lakh. The overall tenure of the rent is 36 months, taking the rental payment to more than Rs 3.60 crore throughout the period. The corporate office is near the complex, so it is expected a Chief experience officer (CXO) of a firm would acquire the lease. The apartment is on the third floor, and the resident would also get private access to the five-car parking space. On 27 July, the registration of the deal took place. In September 2015, the medical device company purchased a 4.35 lakh sq ft office area at Godrej Properties for around Rs 1,480 crore. The deal was registered as the largest end-user office area transaction by value. The firm revealed that the office area would house over 1,500 employees. In 2016, in the Andheri suburb of Mumbai, Abbott bought a whole under-construction building with more than 1.60 lakh sq ft built-up area to construct a development and innovation centre. Many prominent personalities of the corporate sector, banking, and fraternity purchased apartments in the same project constructed by Sunteck Realty. Other additional buyers like Gautam Adani, Vikram Pandit, Mihir Doshi, Gunit Chaddha also bought an apartment in the nearby project Signia Isle constructed by the same developer. Image Source Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000