Nomura Secures Premium Office Space in Mumbai's Worli for ₹2.79 Crore Monthly
Nomura leases office space in Mumbai's Worli at ₹2.79 crore per month
Business Standard
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Nomura Financial Advisory and Securities Private Limited has leased 38,478 square feet of office space in Worli, Mumbai, for ₹2.79 crore per month. The 10-year lease includes a 5% annual rent escalation and a security deposit of ₹25.11 crore. This move highlights the growing demand for premium office spaces in Mumbai's commercial real estate market.
- 01The leased space is located on the 26th and 27th floors of the Altimus tower, developed by K Raheja Corp.
- 02Nomura's lease covers a chargeable area of 64,130 square feet.
- 03The average office rent in Worli is ₹300 per square foot, while Altimus commands ₹420 per square foot.
- 04Mumbai recorded 5.6 million square feet of office transactions in Q1 2026, a 60% increase year-on-year.
- 05Average rents in Mumbai grew by 7.5% year-on-year during Q1 2026.
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Nomura Financial Advisory and Securities Private Limited has signed a lease for 38,478 square feet of office space in Worli, Mumbai, at a monthly rental of ₹2.79 crore (approximately $335,000 USD), translating to ₹435 per square foot. This lease agreement, effective from April 1, 2026, spans 10 years and includes a 5% annual escalation in rent. The total chargeable area for the lease is 64,130 square feet, with a security deposit of ₹25.11 crore (roughly $3 million USD). The space is located in the Altimus tower, a Grade A commercial property developed by K Raheja Corp, which also houses offices for prominent firms like KKR, Barclays, and Morgan Stanley. The average rent in Worli is ₹300 per square foot, while the average rent for Altimus is ₹420 per square foot. The commercial real estate market in Mumbai is witnessing a surge, with 5.6 million square feet of office transactions recorded in the first quarter of 2026, marking a 60% year-on-year increase. This trend indicates strong demand for premium office spaces in the city.
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This lease indicates a robust demand for premium office space in Mumbai, which could influence rental prices and availability in the commercial real estate market.
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