Pre-Leased Commercial Office at Parinee I, Andheri West
1277 sq ft (carpet) · 14th Floor · Andheri West, Mumbai
A fully-leased, income-producing commercial office on the 14th floor of Parinee I, a landmark Grade-A tower in Andheri West. It offers rental income from day one, a corporate tenant on a 5-year lease with a 3-year lock-in, contracted annual escalations and an interest-free refundable security deposit that lifts effective returns — structured for the yield-focused investor.
| Asset Type | Commercial Office |
| Area | 1277 sq ft (Carpet / Saleable) |
| Location | Off Link Road, near YRF, Veera Desai Road, Andheri West, Mumbai 400053 |
| Building | Parinee I |
| Floor | 14th Floor |
| Tenant | Punt Partners Pvt Ltd |
| Lease Commencement | 01 July 2026 |
| Lock-In / Tenure | 3 years lock-in within a 5-year lease |
| Current Monthly Rent | ₹3,06,480 |
| Asking Price | ₹6,25,73,000 (₹49,000/sq ft) |
| Gross Entry Yield | 5.88% p.a. |
| Effective Yield (incl. 8% deposit interest) | 6.03% p.a. |
| Commencement Date | 01 July 2026 |
| Lock-In Period | 3 Years |
| Lease Tenure | 5 Years (extendable by mutual agreement) |
| Interest-Free Refundable Security Deposit | ₹12,25,920 Equivalent to 4 months’ rent · interest-free and fully refundable on expiry of the lease term. |
| Notional Income on Deposit @ 8% p.a. | ₹98,074 per annum The owner holds the interest-free deposit and can deploy it at ~8% p.a., adding to effective returns. |
| Year | Monthly Rent | Escalation |
|---|---|---|
| Year 1 | ₹3,06,480 | Base |
| Year 2 | ₹3,21,804 | +5% |
| Year 3 | ₹3,37,894 | +5% |
| Year 4 | ₹3,61,547 | +7% |
| Year 5 | ₹3,86,855 | +7% |
| Year | Annual Rent | Dep. Int. @8% | Less: Maint. | Net Income | Net Yield |
|---|---|---|---|---|---|
| 1 | ₹36,77,760 | ₹98,074 | ₹3,06,480 | ₹34,69,354 | 5.54% |
| 2 | ₹38,61,648 | ₹98,074 | ₹3,06,480 | ₹36,53,242 | 5.84% |
| 3 | ₹40,54,728 | ₹98,074 | ₹3,06,480 | ₹38,46,322 | 6.15% |
| 4 | ₹43,38,564 | ₹98,074 | ₹3,06,480 | ₹41,30,158 | 6.6% |
| 5 | ₹46,42,260 | ₹98,074 | ₹3,06,480 | ₹44,33,854 | 7.09% |
| 5-Yr | ₹2,05,74,960 | ₹4,90,370 | ₹15,32,400 | ₹1,95,32,930 | — |
Net Yield is computed on the asking price of ₹6,25,73,000 (₹49,000/sq ft) and includes 8% notional interest on the interest-free security deposit. Society maintenance (owner’s account) is deducted; GST on rent is to the tenant’s account.
| Society Maintenance | Assumed @ ₹20 per sq ft per month |
| Monthly Outgoing | ₹25,540 (1277 sq ft × ₹20) |
| Annual Outgoing | ₹3,06,480 |
| Borne By | Owner |
| Charge | Account |
|---|---|
| GST on rental income | Tenant |
| Property Tax | Owner |
| Society Maintenance | Owner |
| Electricity Charges | Tenant |
| Interior Maintenance | Tenant |
| Insurance | Tenant |
| Municipal Charges | Owner |
| Sale Price (₹49,000/sq ft × 1277) | ₹6,25,73,000 |
| Stamp Duty @ 6% | ₹37,54,380 |
| Registration Charges | ₹30,000 |
| Transfer Fees | As applicable |
| Total Cost of Acquisition | ₹6,63,57,380 * |
* Stamp duty @ 6% of the sale price; registration fixed at ₹30,000. Total excludes transfer fees, payable as applicable to the society / developer. A brokerage of 1% of the sale price plus GST is payable to the real estate advisory company.
| Company Name | Punt Partners Pvt Ltd |
| Industry | Advertising |
| Employees | 50+ |
| Years in Operation | 5 years |
| Website | punt.partners |
- Immediate rental income from day one
- 3-year lock-in providing income security
- Contracted escalations built into the lease
- Corporate tenant occupancy (advertising firm)
- Interest-free security deposit boosting effective yield
- Growing rental yield every year
- GST payable by the tenant
- Landmark Grade-A commercial building
- Attractive yield versus traditional residential investments
- Potential capital appreciation in addition to rental returns
What is the price of this pre-leased office at Parinee I, Andheri West?
This pre-leased commercial office of 1,277 sq ft (carpet) on the 14th floor of Parinee I, Andheri West is offered at ₹6,25,73,000 (₹49,000 per sq ft).
What rental yield does this pre-leased property offer?
It offers a gross entry yield of 5.88% per annum on the current monthly rent of ₹3,06,480, and an effective yield of about 6.03% including 8% notional interest on the interest-free security deposit.
What is the security deposit and is it refundable?
The interest-free, fully refundable security deposit is ₹12,25,920 — equivalent to 4 months' rent — refundable on expiry of the lease term.
Who is the tenant and what is the lock-in period?
The unit is leased to Punt Partners Pvt Ltd (advertising) on a 5-year lease commencing 01 July 2026 with a 3-year lock-in, and contracted escalations of 5% in years 2-3 and 7% in years 4-5.
What is the total cost of acquisition?
Approximately ₹6,63,57,380 — the sale price of ₹6,25,73,000 plus 6% stamp duty (₹37,54,380) and ₹30,000 registration; exclusive of transfer fees and 1% brokerage plus GST.
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This page is an indicative summary prepared for information purposes only and does not constitute an offer or investment advice. All figures are approximate and subject to confirmation and final documentation.
