Central Depository Services (India) Limited, the first listed Indian central securities depository, has acquired two floors of more than 46,200 sq ft (carpet area) of office space in the Marathon Futurex tower in Mumbai's Lower Parel for Rs 163.16 crore. It paid a stamp duty of Rs 9.79 crore for the registration of the two deals.
CDSL has bought 23,110 sq ft of space on the 35th floor for an agreement value of Rs 81.64 crore for which the total usable carpet area is 23,100 sq ft. It comes with 16 car parking slots. The agreement was registered on November 14.
It has also acquired space on the 34th floor spread across an area of 23,110 sq ft for which the company has paid an agreed value of Rs 81,52 crore and a stamp duty of Rs 4.89 crore. The space comes with 15 car parking slots, the document showed.
"A combination of several factors worked in our favor in concluding this deal,” said Mayur Shah, Managing Director, of Marathon Group. “Our project's location was a key consideration. With the Deslise Road bridge finally set to reopen, even road traffic issues will soon be eased. This enables employers to attract talent from all over the city.
Marathon Group said in a regulatory filing that it sold commercial space worth over Rs 400 crore this year alone at Marathon Futurex, its flagship commercial project in Lower Parel - Marathon Futurex. Marathon has also launched a commercial tower in Mulund called Marathon Millennium and also has plans for a commercial tower at Byculla in a JV with Adani Realty. Earlier this year, Kansai Nerolac acquired 23,500 sq ft in the same building in a deal worth Rs 85 crore and filmmaker Rakesh Roshan's firm FilmKraft purchased 10,000 sq ft for Rs 33 crore.
On the back of improved sentiments, Marathon has also launched a commercial tower in Mulund called Marathon Millennium and also has plans for a commercial tower at Byculla in a JV with Adani Realty.
