Pre-Leased SBI — Noida | Commercial Property
Covenant, lease term, yield and exit — reviewed with the VRX Capital advisory desk.
A large-format pre-leased commercial asset in Noida tenanted by State Bank of India — India's largest and most creditworthy banking institution. The property spans 6,500 sqft Semi-Ground Floor with front access, occupied on a fresh 15-year lease generating ₹11 Lakh per month, with built-in escalation provisions. Priced at ₹24 Crore against a circle rate of ₹8 Crore, this represents a significant premium-to-book investment backed by the strongest sovereign-grade tenant in the country.
State Bank of India is the gold standard of commercial tenants in India — a sovereign-backed institution with a strong sovereign-backed covenant. The 15-year fresh lease provides one of the longest income visibility windows available in commercial real estate today, providing contracted income for over a decade. At 5.50% gross yield on an SBI-tenanted asset in Noida, this is a structurally compelling risk-adjusted return profile. Escalation provisions of 5–15% add further upside. The 6,500 sqft semi-ground floor front format is operationally critical for banking operations, reinforcing long-term tenant stickiness at renewal.