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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code