Real Estate Transactions
MYRE Capital acquires office space for Rs.31-Cr in Mumbai's Andheri
MYRE Capital, a tech-enabled fractional ownership real estate platform, has acquired 17,816 sq ft of office space for INR 31 crore in Andheri, Mumbai. The institutional grade-A office space is expected to offer a rental yield of 10.5% and 13.6% of target Internal Rate of Return (IRR). The entire tower is pre-leased to Smartworks and the 10th floor is further subleased to IFTAS (an RBI subsidiary) with a lease tenure of 5+5+5 years.
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