Sunteck Realty Limited has leased out approx. 2 million square feet of built-up area of its premium commercial building Sunteck BKC51 to Upgrad Education Private Limited for a lease term of 29 years. This encompasses a major milestone for the company.

Upgrad will be paying starting rentals of close to INR 300 per sq ft. per month on carpet area basis. The total revenue generated from the project will amount close to INR 2,000 million over the entire lease tenure.

The iconic commercial project BKC51 is situated off Bandra Kurla Complex (BKC) offering well designed spaces equipped with all the modern facilities and amenities. The project also possesses Green Building Pre-Certification from Edge-IFC, a member of the World Bank group. The project is at near completion stage and the possession is to be completed by June 2023.

Upgrad Education Private Ltd. will be providing superior education infrastructure for its students to focus on their academics and career development. Upgrad is expected to initiate operations soon in the near completion commercial space.