Sunteck Realty leases commercial space to Upgrad, to make Rs 2,000 cr

Sunteck Realty Limited (SRL), a Mumbai-based luxury real estate development company, has leased out approximately 200,000 square feet of built-up area of its premium commercial building Sunteck BKC51 to Upgrad Education Private Limited. It has been leased for a term of 29 years.

Upgrad will be paying starting rentals of close to Rs 300 per square feet per month on carpet area basis. The total revenue generated from the project will amount close to Rs 2,000 crore over the entire lease tenure, the company said in a statement.

The commercial project BKC51 is situated off Bandra Kurla Complex (BKC). It