Goldman Sachs (India) Securities Pvt Ltd leases more than 73000 sq ft office space for over 2 crore per month

Goldman Sachs (India) Securities Pvt Ltd has picked up two units on the ninth and tenth floors of the building at a monthly rent of ₹2.06 crore

Published on: Sep 13, 2024, 19:11:29 IST

By Vandana Ramnani

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Goldman Sachs (India) Securities Pvt Ltd has leased more than 73000 sq ft office space for over ₹2 crore per month for 10 years in K Raheja Pvt Ltd’s Acentia project in Worli, Mumbai, documents accessed by CREMatrix showed.

Goldman Sachs (India) Securities Pvt Ltd has leased more than 73000 sq ft of office space for more than ₹2 crore per month for 10 years in K Raheja Pvt Ltd’s Acentia project in Worli, Mumbai (Representational photo) (Reuters)

The company has picked up two units on the ninth and tenth floors of the building at a monthly rent of ₹2.06 crore per month. The starting monthly rent works out to be ₹280 per month, the documents showed. The total area leased is 73,905 sq ft. The facility comes with 59 car parkings, the documents showed.

The building is spread across 10 floors and is located on prime Annie Besant Road next to the Metro station.

Also Read: UK Consulate buys office space in Mumbai’s Lower Parel area from Lodha Group for ₹101.2 crore

The agreement was signed on September 5, 2024, the documents showed.

The document showed that the lease period is for 10 years with an option to further increase by five plus five years. The lease commencement date is August 1, 2024. The lock-in period is 48 months from the lease commencement date which is September 1, 2025.

Maintenance charges amount to ₹25 per sq ft per month, the documents showed.

Goldman Sachs and K Raheja Pvt Ltd did not comment.

Other commercial leases

In July 2023, American multinational investment bank and financial services major Goldman Sachs Services Private Limited had leased nine floors spread across an area of 3.5 lakh square feet (sq ft) in Hyderabad for a period of 117 months. The monthly rental worked out to be ₹4.14 crore. The company had made a deposit of ₹35.2 crore.

Earlier this year, British multinational universal bank Barclays Bank Plc had picked up a sea-view front office space spread over two floors in a commercial tower in Mumbai’s plush Worli locality through a long-term lease totalling over 10 years.

Also Read: Share of green office leasing touches 16% in 2022-2023; Global Capability Centres account for 76% of overall leases

In 2022, Morgan Stanley had leased two floors spread across 86,000 sq ft in a commercial tower in Worli for 10 years at a rent of ₹325 per sq ft per month.

Also Read: Office leasing touches 33.5 mn sq ft in the first half of the year, up by 29%: JLL

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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