Kohli has leased 12 office spaces totaling 18,430 square feet at the Reach Comercia corporate tower in Gurugram’s sector 68. The rental was set at approximately Rs 8.85 lakh per month.
Cricketer Virat Kohli has leased 18,430 square feet of office space in Gurugram to business firm Mynd Integrated Solutions for Rs 1.27 crore per year, according to documents obtained by CRE Matrix.
According to the documents, Kohli leased up to 12 office spaces totaling 18,430 square feet in the Reach Comercia business skyscraper in Gurugram’s Sector 68, with the sale locked in at around Rs 8.85 lakh per month.
Check Out Commercial Property in Gurugram for Lease
The stamp duty for the transaction was Rs 3.83 lakh, with registration costs of Rs 50,010. Mynd Integrated Solutions Pvt Ltd, based in Delhi, is the deal’s lessee. The purchase was made by RCB star player Virat Kohli’s registered General Power of Attorney (GPA) holder, Vikas Kohli, who is also his brother.
The transaction’s stamp-duty registration was completed on June 22, 2023, but the documentation was made public in March 2024.
The security deposit for the transaction was Rs 57.19 lakh, with a starting monthly rent per square foot of Rs 48. This workplace space includes 37 parking spaces.
There is a nine-year lease that began on March 28, 2023, with rent beginning on July 1, 2023.
According to the documents, the agreement included a 5% annual rent increase and monthly common area maintenance fees of Rs 14 per square foot.
Virat Kohli, former Team India captain, and his wife, actress-producer Anushka Sharma, rented a home in Mumbai’s Juhu neighborhood for Rs 2.76 lakh per month in October 2022. The apartment, located in the High Tide building and close to Juhu Beach, has a sea view.
According to real estate experts, the high annual rental return that commercial real estate provides in comparison to residential real estate is the primary driver of this trend. The rental yield is the annual income a property owner receives from renting out their property.
