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Pharma Giant Buys Mumbai Office for Rs 111 Crore
6 Apr
Summary
- Aristo Pharmaceuticals acquired office space valued at Rs 111.26 crore.
- The deal included approximately 18,300 sq ft of carpet area in Mumbai.
- Mumbai's office market shows rising absorption and steady rental growth.
Aristo Pharmaceuticals Private Limited has finalized the acquisition of office space valued at Rs 111.26 crore in Mumbai's Andheri West. The transaction, registered on March 27, 2026, involves units on the first and second floors of the Parinee I building, encompassing roughly 18,300 square feet of carpet area.
This significant purchase by the Indian pharmaceutical company occurs amidst a burgeoning Mumbai office market. In the first quarter of 2026, Grade A gross absorption rose by 23% year-on-year. Vacancies in the Mumbai Metropolitan Region decreased to 14.70% in 2025 from 15.50% in 2024, while average rentals saw a 5% increase.
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