Pre-Leased Bank Building — Mayur Vihar, Delhi | Commercial Property
A rare freehold, four-side corner full building in Mayur Vihar, Delhi — pre-leased to two marquee government-backed institutions: Bank of India occupying the Basement and Ground Floor until 2039, and LIC occupying the First and Second Floors until 2030. At ₹31.70 Cr, the combined rental income of ₹11.89L per month delivers a current yield of 4.50%, with scope to negotiate to ₹30.12 Cr for an improved yield of 4.74%. An income-generating asset with a strong long-term anchor tenant — and a clearly flagged re-leasing event to plan around in 2030.
This freehold corner building in Mayur Vihar benefits from dual-anchor government tenancy — a combination rarely available in Delhi's pre-leased market. Bank of India's lease running to 2039 with 20% escalations every 5 years provides 13 years of near-certain income on the lower floors. LIC's lease until 2030 adds immediate yield but must be treated as a rolling event: if LIC exits, first and second floor income vacates, and yield on BoI-only income drops to approximately 2.48% on the asking price. The smart acquisition strategy is to negotiate the sharpest possible entry price using current combined yield, verify LIC renewal intent before closing, and price in a re-leasing period of 12–18 months post-2030 as a planning scenario. For an investor with a ₹30+ Cr mandate and a 10-year hold horizon, this corner freehold in a prime Delhi micro-market offers both strong income today and long-term redevelopment optionality.