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Central Depository Services (India) Limited, the first listed Indian central securities depository, has purchased two floors of office space in Mumbai’s Lower Parel’s Marathon Futurex tower for Rs 163.16 crore. It paid a stamp duty of Rs 9.79 crore to register the two transactions.
CDSL has purchased 23,110 square feet of space on the 35th floor for Rs 81.64 crore, with a total usable carpet area of 23,100 square feet. It also includes a total of 16 parking spaces. The agreement was registered on November 14, according to documents accessed by CRE Matrix.
It has also acquired space on the 34th floor covering an area of 23,110 square feet, for which it has paid an agreed value of Rs 81,52 crore and stamp duty of Rs 4.89 crore. According to the document, the space also has 15 parking spaces.
“A combination of several factors helped us close this deal,” said Mayur Shah, Managing Director of Marathon Group. “The location of our project was an important consideration. With the reopening of the Deslise Road bridge, even traffic congestion will be alleviated. Employers can now attract talent from all over the city.”
Marathon Group stated in a regulatory filing that it had sold commercial space worth over Rs 400 crore at Marathon Futurex, its flagship commercial project in Lower Parel.
Marathon has also launched the Marathon Millennium commercial tower in Mulund and has plans for a commercial tower in Byculla in collaboration with Adani Realty.
Kansai Nerolac paid Rs 85 crore for 23,500 square feet in the same building earlier this year, and filmmaker Rakesh Roshan’s firm FilmKraft paid Rs 33 crore for 10,000 square feet.