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At Rs 40K an sft, Guardians Advisory buys One BKC ofc

Confirming the deal, Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory said he plans to close the purchase with internal funds and has already made a substantially large down payment.MUMBAI, July 21, 2020: Beating market and lockdown blues, leading real estate, non-broking consultancy firm The Guardians Real Estate Advisory has bought a 7,500 sq. ft. office at ONE BKC. The office has been purchased in Tower C of the building and it plans to make it their Head Office. The firm is currently based out of another marquee project in BKC called The Capital from where it plans to shift out in the month of September.

The deal has been culminated at Rs 40,000 per sq ft at a total cost of Rs 30 crore to The Guardians.

Confirming the deal, Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory said he plans to close the purchase with internal funds and has already made a substantially large down payment. “Around 70% of the payment for the property has been made and we plan to shift during the auspicious days of Navratri this year,” he said said.

“The response at our mandated projects post the lockdown gave us the confidence to proceed with the purchase,” he said.

The purchase has been made to reduce the recurring cost of lease and comes at the back of the firm announcing record sales of Rs.318 crores on Akshaya Tritiya, during the lockdown.

One BKC is one the most sought after commercial projects in BKC. The building has noteworthy clients like Bank of America, Facebook, Merril Lynch, Cisco, Amazon and also Brett Lee’s F45 Gymnasium and Fitness Studio.

 

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