NCW Prime's South Delhi Prius Platinum yields Rs 50-60 million monthly rental income

NCW Prime Offices Fund, managed by Nuvama and Cushman & Wakefield Management Pvt Ltd, has made a significant acquisition in South Delhi's commercial real estate market by purchasing Prius Platinum, a premium 0.3 million square foot property located in Saket, for approximately Rs 7.5 billion.

The property was acquired from a Kotak-led consortium that had taken control of the asset through the Insolvency and Bankruptcy Code process in 2021. Currently, Prius Platinum is 95% leased, generating a robust rental income estimated between Rs 50 to 60 million per month.

This acquisition aligns with the Prime Offices Fund's strategic focus on investing in high-quality, ESG-compliant commercial assets across India's top markets. It also marks the fund's first major investment since receiving approval from the Securities and Exchange Board of India (SEBI) in 2024 and completing its first close in 2025.

"The acquisition of Prius Platinum is a key milestone for NCW Prime Offices Fund, reflecting our commitment to premium, sustainable commercial real estate investments," said a spokesperson for the fund.

The deal underscores growing investor confidence in India's commercial property sector, particularly in prime locations like South Delhi, which continue to attract strong tenant demand and deliver steady rental yields.

With this acquisition, NCW Prime Offices Fund is poised to capitalize on the expanding office space market, leveraging the asset's high occupancy and rental income to drive returns for its investors.

Key stats:
- Property size: 0.3 million sq ft
- Location: Saket, South Delhi
- Acquisition cost: Rs 7.5 billion
- Occupancy: 95% leased
- Monthly rental income: Rs 50-60 million
- Fund's SEBI approval: 2024
- First close: 2025

NCW Prime Offices Fund, managed by Nuvama and Cushman & Wakefield, acquired Prius Platinum, a 0.3 million sq ft commercial property in South Delhi's Saket for Rs 7.5 billion. The 95% leased asset yields Rs 50-60 million monthly rental income, marking the fund's first major investment post-SEBI approval.