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Abbott Healthcare leases 5,000 sq ft apartment for Rs 9.26 lakh per month in Mumbai's BKC

Pharma major’s agreement latest in a flurry of rental deals that have happened in the Bandra Kurla Complex in Mumbai, signalling uptick in commercial real estate space.

One-and-a-half years after the first wave of COVID-19 forced employees to work from home, a flurry of rental deals in Mumbai's Bandra Kurla Complex of late seem to indicate that with vaccination picking up, it may not be long before some offices reopen.

Pharmaceutical major Abbott Healthcare recently leased a 5,000 sq ft apartment for Rs 9.26 lakh per month, according to registration documents made available by Zapkey.com.

The document was registered on July 27, 2021, for a period of three years. The apartment is located in Sunteck Signature Island, BKC and comes with five car parks. The rent for the first year is Rs 9.26 lakh a month; Rs 9.91 lakh for the next year and Rs 10.90 lakh for the third year, the documents show.

A security deposit of Rs 1.5 crore has been paid by the company, per the Lease and License agreement documents.