'Welcome to the Jungle' Production House Leases Andheri West Offices for Rs 2.46 Crore
Nadiadwala Grandson Entertainment has leased two office units in Andheri West for Rs 2.46 crore. The lease, effective from August 1, 2026, spans 28 months.
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Entities
What Happened?
Nadiadwala Grandson Entertainment has leased two office units in Andheri West for Rs 2.46 crore. The lease, effective from August 1, 2026, spans 28 months.
Why it matters
This lease reflects the ongoing demand for commercial office space in Mumbai's Andheri West area.
Key points
- Nadiadwala Grandson Entertainment leased two office units in Andheri West.
- The total rent for the 28-month lease is approximately Rs 2.46 crore.
- The lease began on August 1, 2026, and was registered on September 1, 2026.
- The initial monthly rent is Rs 8.27 lakh, with a 5% annual escalation clause.
- The lease includes a 12-month lock-in period.
Key insights
- The lease agreement indicates a stable demand for office spaces among production houses in Mumbai.
- The 5% annual escalation may impact future budgeting for Rhea and Dia Enterprises.
- The lock-in period ensures both parties are committed to the lease for the first year.
AI Quick Summary
Nadiadwala Grandson Entertainment leases offices in Andheri West for Rs 2.46 crore, effective August 1, 2026.
Source
Times of India