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The income · 26 September 2026

What a 10% step does to the rent

Fifteen and a half lakh is the first month. The purchase is the clause that lifts it every year.

Street front of a contemporary plaza

PKR 15.5 lakh a month is PKR 1.86 crore a year. A 10% increase every year does not feel large in month two. By year five the monthly rent is a little over PKR 22.7 lakh, and the year is about PKR 2.72 crore, if every tenant stays and every clause is paid.

That is the whole case for paying 40 crore. The yield on today’s price rises if the step holds. It falls apart if the step is a sentence in a brochure and not a clause in the leases.

Read the dates. A step that starts on renewal, not on possession, is a different asset. A step that one shop can refuse is not a step. The desk shows the file before it shows the building.