Home / Arts and Entertainment / Sajid Nadiadwala Leases Andheri Office for Rs 2.46 Crores
Sajid Nadiadwala Leases Andheri Office for Rs 2.46 Crores
7 Sep
Summary
- Nadiadwala Grandson leased two office units in Mumbai's Andheri West.
- The 28-month lease totals approximately Rs 2.46 crores in rent.
- The lease agreement includes a 5% annual rent increase and a 12-month lock-in.
Nadiadwala Grandson Entertainment Private Limited has secured a new commercial office space in Mumbai's Andheri West. The production house leased two office units on the eighth floor of Lotus Grandeur, located in the bustling Veera Desai Road area.
The lease agreement, signed with Rhea and Dia Enterprises Pvt Ltd, spans 28 months and was registered on September 1, 2026, with the lease commencing on August 1, 2026. The total rent payable over the tenure is approximately Rs 2.46 crores.
Initially, the monthly license fee is set at Rs 8,26,875, with a Rs 30 lakh security deposit. The rent will escalate by 5% every 12 months. By the 13th month, the rent will rise to about Rs 8.68 lakhs, and further to Rs 9.12 lakhs for the last four months.
The lease also includes a mandatory 12-month lock-in period. This transaction follows previous property dealings by Nadiadwala Grandson Entertainment, including the purchase of apartments in Prabhadevi and leasing of units in Lokhandwala Complex.
