Sajid Nadiadwala's Office Leased for ₹2.46Cr
Nadiadwala Grandson Entertainment leases to Rhea and Dia for 28 months with 5% annual rent hike
Sajid Nadiadwala's production house, Nadiadwala Grandson Entertainment Private Limited, has leased their office space in Mumbai's Andheri to Rhea and Dia Enterprises Pvt Ltd for a total rent of ₹2.46 crore over 28 months. The lease commenced on August 1, 2026, with an initial monthly rent of ₹8.27 lakh.
The lease agreement includes a security deposit of ₹30 lakh and a lock-in period of 12 months. The rent will increase by 5% every 12 months, with the monthly rent rising to approximately ₹8.68 lakh from the 13th month and to around ₹9.12 lakh for the final four months.
The office premises, located on the eighth floor of Lotus Grandeur in Andheri West, come with two car parking spaces. The area is a established commercial and residential real estate market, hosting a mix of corporate offices, production houses, creative businesses, and residential developments.
## What it means The lease of Nadiadwala Grandson Entertainment Private Limited's office space is a significant transaction in Mumbai's commercial real estate market. The 28-month lease period and 5% annual rent increase reflect the demand for office space in the area. The deal also highlights the growth of the entertainment industry in Mumbai, with production houses and creative businesses driving demand for commercial space.
The lease was registered on September 1, 2026, and the licence commenced on August 1, 2026. The transaction involves office premises located in a commercial building in Andheri West, with the exact area of the premises not specified in the registration documents.
## Why it matters The lease of Nadiadwala Grandson Entertainment Private Limited's office space is a notable development in Mumbai's commercial real estate market. The deal reflects the ongoing demand for office space in the city, particularly in areas like Andheri West, which is home to a mix of corporate offices, production houses, and creative businesses. The transaction also highlights the growth of the entertainment industry in Mumbai, with production houses and creative businesses driving demand for commercial space.
