National Realty Pvt Ltd has bought office spaces worth Rs 188 crore in Thane West, Mumbai. It has bought the five commercial floors from Lodha Group (listed as Macrotech Developers) spread across an area of 1,61,685 square feet in a development called Lodha iThink.
The sale deed was registered on March 15. The floors come with 173 car parkings and the company paid a stamp duty of Rs 11.26 crore, it said.
Lodha iThink is located just off the Eastern Express Highway. The G+14 floor building (inclusive of four parking floors) is a premium development of Thane and the prevailing rentals in Lodha iThink are around Rs 75 to 85 per square feet per month on the carpet.
A few other commercial office complexes in the vicinity include Ashar Enclave and Lodha Supremus. As one moves towards the complexes with direct access to the Eastern Express Highway, the rentals climb higher, said Prashant Thakur, senior director and head - research, ANAROCK Group.
