Amazon renews ₹1.73 crore monthly lease with Godrej Green Homes in Mumbai’s Vikhroli
Mumbai real estate update: Amazon group companies have renewed the commercial lease agreement for 94,000 sq ft of space with Godrej Green Homes
Godrej Green Homes Pvt Ltd has renewed the lease of more than 94,000 sq ft of space to four Amazon group companies in Mumbai's Vikhroli area, with a monthly rent of ₹1.73 crore for five years, according to property registration documents obtained from CRE Matrix.
According to the documents, the space on the 7th floor of the building named Godrej Two on the Eastern Express Highway (EEH) in Vikhroli was leased to Amazon Seller Services Pvt Ltd, Amazon Development Centre India Pvt Ltd, Amazon Data Services India Pvt Ltd, and Amazon Smart Commerce Solutions Pvt Ltd.
The documents show that the total carpet area of the four office units is over 58,000 sq ft, and the area leased is over 94,000 sq ft.
The office units are leased for a period of five years with a lock-in period of 48 months, according to the documents.
The documents show that the transaction for the four office units was registered on April 30, 2025, and the lease period is from January 2025 to December 2029.
The lease includes four office units and 60 parking spaces, of which 20 are designated as paid parking. As per the documents, the parking fee is ₹8,508 per space per month.
Also Read: Amazon leases 2.3 Lakh Sq Ft in Powai at a rental of ₹3.57 crore per month
As per the property registration documents, the first transaction involved portions of units 701, 702, and 703, totaling over 42,000 sq ft of leasable space. This space was leased to Amazon Seller Services Pvt Ltd at a monthly rent exceeding ₹78 lakh.
According to the property registration documents, the second transaction involved portions of units 701, 702, 703, and 704, totaling over 19,926 sq ft of leasable area, leased to Amazon Development Centre India Pvt Ltd for a monthly rent exceeding ₹36 lakh.
The third transaction covered parts of units 701 and 704, comprising 16,447 sq ft of leasable space, leased to Amazon Data Services India Pvt Ltd at a monthly rent of over ₹30 lakh.
The fourth transaction involved leasing unit 703, measuring 15,181 sq ft, to Amazon Smart Commerce Solutions Pvt Ltd for a monthly rent of more than ₹27 lakh, the documents state.
The listed real estate developer is also a confirming party in each of the agreements between Amazon and Godrej Green Homes Pvt Ltd.
“Amazon has renewed its lease for office space on the 7th floor of Godrej Two, located along the Eastern Express Highway in Vikhroli, Mumbai. As one of the building’s original tenants, Amazon’s continued presence reaffirms the enduring appeal of Godrej Two as a premium commercial address,” Karan Bolaria, MD & CEO, Godrej Fund Management, said in a statement to HT.com.
Launched in March 2021, Godrej Two is a Grade-A office development known for its premium workplace amenities, and LEED Platinum certification. The building is currently 100% leased, reflecting the strong and sustained demand it commands across diverse sectors, including BFSI, IT, logistics, pharmaceuticals, engineering, and manufacturing, Bolaria added.
An email query sent to the representative of Amazon did not receive a response. The story will be updated if a response is received.
Amazon's earlier lease transactions
Amazon Data Services Pvt Ltd in August 2023, had taken 1.74 lakh sq ft of freehold industrial land from L&T in Powai in Mumbai. The rent was ₹2.59 crore per month, lease documents accessed by CRE Matrix, a real estate consultant, showed. The lease expiry date is August 15, 2043, according to CRE Matrix.
Amazon Data Services Pvt Ltd in December 2024, was in the news for purchasing a 38-acre land parcel in Ambernath near Mumbai from Macrotech Developers, also known as Lodha Group, for ₹450 crore, according to the property registration documents accessed by Propstack.
