Mumbai, India – October 1, 2024: In a strategic move to expand its commercial real estate portfolio, SBI Funds Management Ltd has acquired two prime commercial units in the prestigious Bandra Kurla Complex (BKC) for a total of ₹103 crore.
Located in the heart of Mumbai’s financial district, BKC is a highly sought-after commercial hub that has witnessed significant growth in recent years. The acquisition of these commercial units aligns with SBI Funds’ long-term strategy of investing in high-quality real estate assets with strong rental yields.
The two units, totaling approximately 10,000 square feet, are part of a prestigious commercial development in BKC. Their strategic location, modern infrastructure, and proximity to key business centers make them highly attractive to potential tenants.
SBI Funds’ acquisition of these commercial units is expected to generate a steady stream of rental income, contributing to the overall performance of its real estate funds. The company’s presence in BKC also enhances its visibility and credibility within the Mumbai real estate market.
This strategic investment is a testament to SBI Funds’ confidence in the long-term prospects of the Mumbai commercial real estate market. As the city continues to grow and attract businesses, the demand for prime office space in BKC is expected to remain strong.
