OPPORTUNITY TO ACQUIRE A

PRIME COMMERCIAL ASSET

THE IL&FS FINANCIAL CENTER

BANDRA KURLA COMPLEX, MUMBAI

01

MICROMARKET OVERVIEW

OPPORTUNITY BRIEF

02 ABOUT PROPERTY

03

TABLE OF CONTENTS

OPPORTUNITY BRIEF

01

OPPORTUNITY BRIEF

• Opportunity to acquire a prime income generating standalone commercial building – The IL&FS Financial Center (TIFC),

located in Bandra Kurla Complex (BKC), Mumbai’s Central Business District

• TIFC is a state of the art building with a BUA of ~322,268 sq.ft, of which ~ 300,624 sq.ft is owned by Infrastructure

Leasing and Financial Services Limited (IL&FS). The part owned by IL&FS is available for sale on an as is where is basis

• The building sits on a land admeasuring 12,550* sq.meter, and has a basement + stilt + 10 upper floors configuration

• Located in the heart of Mumbai, BKC has been established as one of the top Global Commercial Business District with

home to about 500+ prominent MNC & Indian Corporate occupiers across every sector

• The micromarket is characterised by strong demand with limited new supply

• CBRE South Asia Private Limited (CBRE) has been exclusively appointed as the transaction advisor for divestment of the

property

* Land area as per Agreement to Lease (1994) is 15,000 sq.meter; land area under possession is 12,550 sq.meter; FSI basis 15,000 sq.meter of land

02

ABOUT PROPERTY

LOCATION – BANDRA KURLA COMPLEX

5 KM

BANDRA

STATION

KURLA

STATIONW

ESTERN

EXPRESS H

IGH

WA

Y

TOWARDS

GOREGAON

CHHATRAPATI

SHIVAJI

INTERNATIONAL

AIRPORT

Strategically located in the

center of Mumbai – BKC

enjoys excellent road and

rail connectivity from both

Central and Western

suburbs, as well as from

Thane and Navi Mumbai

MUMBAI

PROPERTY DETAILS

Location Plot no. C 22, G Block, Bandra Kurla Complex, Mumbai

Land ownership• Agreement to Lease between MMRDA and IL&FS (1994)

• Lease tenure of 80 years

Construction

Completion year2000

Architect Hafeez Contractor

Constructed by Shapoorji Pallonji & L&T

Building Configuration Basement + Stilt + 10 upper floors

Built Up Area• 322,268 sq.ft (Full building)

• ~ 300,624 sq.ft (owned by IL&FS)

Car parks 435

*Occupancy (%) ~ 81%

Major Occupiers Carlyle Group, PayPal, IDFC, IBM, Avendus Capital, IL&FS

The IL&FS Financial Centre

(Building Exterior)

* Includes area occupied by IL&FS for self use and area occupied by IL&FS Group companies as of 30th

Sept, 2020

BUILDING AMENITIES

Liquor Lounge

Gymnasium

Cafeteria

Tea/Coffee Lounge

Training RoomLibraryOpti Golf

1. Liquor Lounge

2. Gymnasium ( along with

a yoga room & steam

bath)

3. Cafeteria

4. Training room with

facility (capacity 75+

pax)

5. Library

6. Opti – Golf

7. Tea/ Coffee Lounge

8. Smoking Area

9. Atrium and sitting area

Common Amenities:

BUILDING AREA DETAILS

Area Details Approx. Built Up Area (Sq.ft)

Total BuA 3,22,268

Area sold to HDFC 21,644

Remaining BuA (available for sale) 3,00,624

• Area occupied by IL&FS Group Companies ~15%

• Area Occupied by other Tenants ~ 54%

• Area for IL&FS self use ~ 12%

• Vacant Area ~19%

BUILT UP AREA - FLOOR WISE

Floor Approx. Built Up Area (Sq.ft)

Stilt 5587.24

First Floor 44378.65

Second Floor 29305.72

Third Floor 34912.33

Fourth Floor 40703.36

Fifth Floor 41236.52

Sixth Floor 37719.93

Seventh Floor 24401.85

Eighth Floor 27894.55

Ninth Floor 21361.29

Tenth Floor 14766.59

MARKET OVERVIEW

03

WHY BKC

HOME TO MOST PROMINENT OCCUPIERS

Presence of Financial Institutions, Large Indian & Multinational Corporates & Public Sector Undertakings. A preferred destination among

occupiers across sectors

UPCOMING ELEVATED ROAD CORRIDORS

Will provide direct access to and from BKC from the major Arterial roads

UPCOMING METRO CONNECTIVITY

Two metro lines with upto 4 stations at BKC will further enhance connectivity & access to this micro market

LARGEST CONVENTION CENTER

The Dhirubhai Ambani International Convention and Exhibition Center(DAICEC) is slated to be one of the world's largest and most

attractive convention centers

NEWEST & FASTEST GROWING CBD OF INDIA

Located in the heart of Mumbai, with excellent connectivity

SMART CITY INITIATIVE

Will enable Electric Buses, Smart Parking, Smart Lighting, Wi-Fi & advanced CCTV network in the region

BKC INFRASTRUCTURE

METRO CONNECTIVITY (UPCOMING)

• Two metro lines will serve BKC

➢ Line 2B (DN Nagar to Mandale), will have 2 to 3

stations at BKC

➢ Line 3 (Colaba to SEEPZ), will have an underground

station at BKC

• Direct connectivity to Airport via Line 3

• Metro to be operational by 2021

ELEVATED ROAD CORRIDORS

Three elevated corridors at different high vehicle density

points:

• From BKC to Bandra-Worli Sea Link (upcoming)

• From MTNL exchange in BKC directly towards LBS Marg

(upcoming)

• BKC to Chunabhatti Connector (recently inaugurated)

1. One BKC

2. Godrej BKC

3. The capital

4. FIFC

5. Maker Maxity

KEY COMMERCIAL

DEVELOPMENTS

1. Trident

2. Sofitel

PREMIUM HOTELS

1. Arya Vidya Mandir

2. Mt. Litera

3. Dhirubhai Ambani

International School

4. American School

SCHOOLS

1. DAICEC

(convention center)

CONVENTION & FINANCIAL

CENTERS1.Maker retail mall

(upcoming)

2. DAICEC mall

(upcoming)

RETAIL

BKC MARKET OVERVIEW

7.1 7.7 8.9 9 10.8 10.8

0

0.6

1.20.1

1.80

0.00

21% 22% 22%

19%

23.0% 20.00%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0

5

10

15

2014 2015 2016 2017 2018 2019

New Supply Existing Stock Micro Market Vacancy

Sto

ck &

Supply

( m

illion s

q.ft)

0.36

0.61

1.30

0.98

0.63

0.43

250 250 250 250 250

270

200

220

240

260

280

300

0.0

0.5

1.0

1.5

2014 2015 2016 2017 2018 2019

Absorption Rent

Absorption

(m

illion s

q.ft)

Rent (IN

R psf pm

)

Office Supply & Vacancy Rates

Office Absorption & Rental Trend

Vacancy %

✓ Favorable market condition with limited supply and

strong demand

✓ Significant absorption with in last 3 years -

sustained demand across prominent developments

✓ Financial Institutions and MNCs continue to shift to

BKC from the erstwhile CBD in South Mumbai -

BKC will continue to be preferred destination for

corporate offices

✓ The micromarket has been witnessing large

transactions in co working/ business center segment

✓ ~ 240,000 sq.ft of relevant ongoing demand for

BKC

BKC MARKET OVERVIEW

S.No Occupier Area in Sq.ft BuildingRent (INR per psf

per month)Year

1 Cisco 42,600 One BKC 276 Q1 2020

2 Awfis 17,000 Adani Aspire 213 Q1 2020

5 IDFC First Bank 15,700 Crescenzo 193 Q1 2020

6 Servcorp 14,945 Vibgyor 250 Q1 2020

7 Carlyle India Advisors 14,222 Godrej BKC 270 Q1 2020

8 Thomson Reuters 9,600 One BKC 205 Q1 2020

9 Roland Berger Pvt. Ltd. 2,122 One BKC 219 Q1 2020

10 Australian Consulate* 20,000 Cresenzo 280 Q2 2020

11 Swift Capital* 13,000 Capital 260 Q2 2020

12 News 24 broadcast 2700 One BKC 227 Q2 2020

13 Nevakar India 1600 One BKC 250 Q2 2020

Recent lease transactions from H1 2020

*Renewal transactions

BKC MARKET OVERVIEW

S.No Building Approx. Area in Sq.ft BuyerApprox. Capital Value

(INR per psf)

1 Citi Group Center 1,15,000 K Raheja Corp. 35,000

2 One BKC 7,00,000 Blackstone 35,000

3 One BKC (B &C Wing) 1,327 Dudani Exports 33,000

4 Godrej BKC 49,300 Investor 34,500

5 The Capital 1,000 Investor 33,000

6 Godrej BKC 1,69,843 Brookfield 29,000

Recent sale transactions

ANNEXURES

BUILDING FEATURES

Parking

- Stilt floor (249 cars & 63 two wheelers)

- Basement (186 cars & 50 two wheelers)

Utility

Fire Hydrant & Sprinkler system

• Fire hydrant has 2 pumps of 55Kw each and booster pump of 5.5 Kw

• Sprinkler hydrant has 2 pumps of 15Kw each and booster pump of 5.5 Kw

• 100% DG back up for both

HVAC

• 4 screw chillers each of 360 Tr.

• 2 secondary chilled water pumps of 55 Kw

• 4 primary pumps of 11.2 Kw

• 4 condenser pumps each of 37.3 Kw

• 4 air handling units per floor from the Atrium to 10th floor

Electrical Power

• 2 feeder of 11 KV supply from different sub stations along with 3 transformers

• 2 DG of 1500 & 1250 KVA

Others

• STP : 100 KL capacity per day

• WTP: 100 KL capacity per day

• 11 passenger elevators (OTIS) – 3 high speed elevators used for 7th to 9th floor

• 2 freight elevators

THANK YOUFor more information, please contact:

Prashant Gooty

+91 9930787191

Prashant.gooty@cbre.com

Madhusmita Dutta

+91 8886458348

Madhusmita.dutta@cbre.com

This teaser has been prepared by CBRE South Asia Pvt. Ltd. (CBRE/Consultant) on behalf of Infrastructure Leasing & Financial Services

Limited (“IL&FS Group”) and is furnished to you, solely to assist you in your evaluation of a potential transaction. It is not to be used for

any other purpose or made available to any other persons without prior written consent of CBRE. We have obtained all information in

this document from sources we believe to be reliable; however, we make no warranty or representation nor assume any legal liability or

responsibility for the accuracy, correctness, completeness or use of any such information. Any projections, opinions, assumptions or

estimates used are for example only and do not represent the current or future performance of the property. Prospective purchasers are

advised to carry out their own investigations. The content of this document should not be construed as legal, business or tax advice and

you should take specific advice from qualified professionals before undertaking any action following information contained herein.

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basis, recipients are advised to make their own enquiries and satisfy themselves as to the accuracy, completeness or otherwise of all

aspects of the information. The information contained in this teaser may be subject to errors, omissions, changes or withdrawal without

notice and does not constitute a recommendation or endorsement of any kind. While we do not doubt statistics contained herein,

however neither CBRE nor any other person has verified it and make no guarantee, warranty or representation about it. It is the

recipient’s responsibility to independently confirm its accuracy and completeness. This document and any subsequent information

provided is intended to act as a guide only does not purport to contain all information that you may require. In making any decision, the

recipient should conduct its own investigation and analyses of information contained in this document and rely on its own examination of

the aspects of the purchase. Recipient should not construe any of the contents herein as advice relating to business, financial, legal,

taxation, or investment matters and are advised to consult their own business, financial, legal, taxation and other advisors concerning the

purchase. Neither CBRE nor IL&FS Group (including their directors, affiliates and employees) shall have any liability towards any claims

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Neither the issue of this teaser nor any part of its contents are to be taken as any form of commitment on the part of CBRE South Asia Pvt.

Ltd. (CBRE) and Infrastructure Leasing & Financial Services Limited or any of its subsidiaries, joint venture or associate companies

(collectively referred to as “IL&FS Group”), to proceed with any transaction which maybe envisaged by the issue of this teaser. CBRE and

the IL&FS Group reserve the right in their absolute discretion at any time and in any respect, without any liability on their part and/or their

respective affiliates or representatives, to amend, suspend or terminate the process or to terminate any discussions and negotiations with

any prospective purchaser at any time and without giving any reason and to proceed in any manner in relation to the

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in any document or information supplied at any time to the recipient or its advisers in the course of the recipient's evaluation of a

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responsible for any costs or expenses incurred by prospective purchasers in connection with any appraisal or investigation in relation to

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not purport to be comprehensive nor does it constitute or form part of any offer to sell, or the basis of any contract which maybe

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