Guardians Real Estate Advisory buys 7,500 sq ft in ONE BKC for about Rs 30 crore

MUMBAI: The Guardians Real Estate Advisory has bought a 7,500 sq ft office space at commercial complex One BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) for around Rs 30 crore.The real estate non-broking consultancy firm has picked up this office space in tower C of the building and plans to use this as its head office. Currently, the firm is based out of another commercial tower The Capital in BKC from where it plans to shift out in the month of September.While deal size is small compared to other commercial transactions, it assumes significance because of it being an outright purchase in the backdrop of current market environment caused by Covid19 pandemic.The firm plans to close the purchase with internal funds and has already made a substantially large down payment.According to the consultancy, the purchase has been made to reduce the recurring cost of lease and comes at the back of the firm announcing sales of Rs 318 crores on Akshaya Tritiya, during the lockdown.“Around 70% of the payment for the property has been made and we plan to shift during the auspicious days of Navratri this year. The response at our mandated projects post the lockdown gave us… Read full this story

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