Sunteck Realty signs 29-year lease deal with Upgrad Education for BKC51

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Sunteck Realty Limited (SRL) said that it entered into a leasing agreement with for the commercial building in .

The Mumbai-based luxury real estate development company will give nearly two lakh square feet of built-up area of the commercial building to the online higher education company for a lease term of 29 years.

Upgrad Education will pay starting rents of around INR 300 per square foot per month on a carpet area basis. The total amount of revenue generated by the project is expected to be around INR 2 crores for the entire lease period, said .

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The BKC51 commercial development, which is located off Bandra Kurla Complex (BKC), will provide well-designed space complete with modern features and services. The development also has Green Building Pre-Certification from Edge-IFC, which is a member of the World Bank group.

The BKC51 project is on the verge of completion and possession of the property is expected to be over by June 2023.

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Upgrad Education is expected to begin operations shortly in the near-to-completion commercial space.


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