Sajid Nadiadwala’s manufacturing home, Nadiadwala Grandson Leisure Personal Restricted has leased business workplace models in Mumbai’s Andheri West, to Rhea and Dia Enterprises Pvt Ltd. for a interval of 28 months for a complete lease of ₹2.46 crore, in keeping with property registration paperwork accessed by CRE Matrix.
The lease commenced on August 1, 2026, with the preliminary month-to-month lease for the 2 business workplace models set at ₹8.27 lakh. The transaction includes workplace premises situated in Lotus Grandeur, a business constructing in Andheri West, in keeping with property registration paperwork.
In accordance with the paperwork, the lease was registered on September 1, 2026, with the licence commencing on August 1, 2026. The corporate pays a month-to-month licence price of ₹8,26,875 for the workplace premises, whereas the safety deposit for the transaction has been mounted at ₹30 lakh. The registered paperwork don’t specify the realm of the workplace premises.
The workplace premises, is located on the eighth flooring of Lotus Grandeur, additionally include two automobile parking areas. The property is located in Andheri West, considered one of Mumbai’s established business and residential actual property markets, with the Veera Desai Highway space internet hosting a mixture of company workplaces, manufacturing homes, artistic companies and residential developments.
As per the phrases of the settlement, the lease will improve by 5% each 12 months. Primarily based on the agreed escalation, the month-to-month lease will rise to roughly ₹8.68 lakh from the thirteenth month and to round ₹9.12 lakh for the ultimate 4 months of the 28-month tenure.
The paperwork present that contemplating the escalation into consideration, the entire lease payable over the complete 28-month lease interval works out to roughly ₹2.46 crore.
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The settlement additionally features a lock-in interval of 12 months, that means the premises are topic to the agreed minimal occupancy dedication throughout the preliminary 12 months of the lease.
Nadiadwala Grandson Leisure Personal Restricted and Rhea and Dia Enterprises Pvt Ltd couldn’t be reached for remark.
Earlier property transactions by Nadiadwala Grandson Leisure
In October 2025, Nadiadwala Grandson Leisure Pvt Ltd, bought two flats in Mumbai’s Prabhadevi for ₹36.57 crore, in keeping with property registration documents reviewed by Sq. Yards.
The primary transaction consists of an condo bought by Nadiadwala Grandson Leisure Personal Restricted in a constructing named Hubtown Twenty 5 North. The condo, spanning 2,390 sq ft, together with a further space of 208 sq ft, was bought for ₹18.57 crore. The condo on the twenty third flooring was bought, together with two parking areas for vehicles, in keeping with the paperwork.
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In July 2024, Bollywood movie manufacturing home Nadiadwala Grandson Leisure Pvt Ltd leased two flats within the Lokhandwala Complicated in Mumbai for a month-to-month lease of ₹1.8 lakh, paperwork accessed by Zapkey confirmed.
In accordance with the go away and license settlement, the corporate has leased two flats on the fifteenth flooring of the constructing situated within the Inexperienced Acres CHSL advanced in Andheri West. The go away and license settlement was registered on July 26, 2024.