Key terms
- Licensor: Saif Ali Khan Pataudi, through attorney Kunjal Meghraj Punamiya
- Licensee: Durva Fintech Private Limited
- Tenure: 60 months, 10 May 2026 to 9 May 2031
- Licence commencement: 10 May 2026
- Rent commencement: 10 July 2026
- Rent-free fit-out: 10 May 2026 to 9 July 2026
- Opening monthly fee: ₹22,76,800 plus GST
- Escalation: 5% a year
- Total licence fee over 60 months: ₹14,64,15,472 plus GST
- Lock-in: 36 months from 10 May 2026
- Security deposit: ₹2,36,60,800, interest-free
- Premises: Units 901 and 902, 9th floor, A-Wing, Kanakia Wall Street, Chakala, Andheri East; 5,692 sq ft RERA carpet; six car parks
Saif Ali Khan has given two ninth-floor offices at Kanakia Wall Street, Andheri East, on a five-year leave and licence to Durva Fintech Private Limited at an opening fee of ₹22.77 lakh a month, according to the registered agreement provided by CRE Matrix, a real estate data analytics firm. The deed was made in Mumbai on 29 September 2026 and registered as MBI11-21065-2026 at the Joint Sub-Registrar, Mumbai-11. Stamp duty of ₹4,07,000 and registration fee of ₹1,000 (total ₹4,08,000; GRN MH011020708202627E, paid 28 September 2026 and defaced the next day) were deposited by the licensor.
The Index-II records in this agreement show that Saif Ali Khan acquired Unit 901 for ₹14.75 crore and Unit 902 for ₹16 crore, a combined ₹30.75 crore, registered on 18 November 2025 from Apicore Pharmaceuticals Pvt. Ltd.
The premises
Units 901 and 902 are commercial premises on the 9th floor of A-Wing, Kanakia Wall Street, of Kanakia Wall Street Premises Co-operative Society Ltd, on Andheri-Kurla Road, Chakala, Andheri East, Mumbai 400093. Together they measure 5,692 sq ft RERA carpet and come with six car parks. At the opening fee, that is about ₹400 a sq ft a month. The licence is for computer programming, consultancy and related services.
The licensor is Saif Ali Khan Pataudi, of 1201, Satguru Sharan, junction of 24th and 25th Road, Bandra West, signing through constituted attorney Kunjal Meghraj Punamiya. The licensee is Durva Fintech Pvt. Ltd. (CIN U62099MH2025PTC211472), registered at 805, Hubtown Solaris, Saiwadi, Andheri East, through director Vikaas Mohan Sachdeva under a board resolution of 29 September 2026. The company has undertaken to raise its paid-up capital to ₹1 crore within 60 days of execution and not to let it fall below that level.
Period and fee
The licence runs 60 months from 10 May 2026 to 9 May 2031. Fit-out from 10 May to 9 July 2026 is free of licence fee. The licensee still pays electricity and other utilities during fit-out, and must clear debris and repair any damage.
The monthly fee, plus GST and after TDS, is payable in advance by the 7th of each month:
Over the full term the fee adds up to ₹14,64,15,472, plus GST. The step-up is 5% a year.
Lock-in, deposit and outgoings
Lock-in is 36 months from 10 May 2026. If the licensee vacates during lock-in, the fee for the unexpired lock-in and any unexpired notice period is still payable. After lock-in, either side may end the licence on three months’ written notice.
An interest-free deposit of ₹2,36,60,800 sits with the licensor. Of that, ₹1 crore is to be refunded once the licensee raises paid-up capital to ₹1 crore within the first 60 days. The balance of ₹1,36,60,800 is refundable on expiry or earlier termination, against vacant possession and after documented deductions. Delay beyond 15 business days attracts 18% a year on the net amount due.
Electricity, telephone, internet and other utilities are paid by the licensee. The electricity meter stays in the licensor’s name. GST on the fee is reimbursed by the licensee. Three undated cheques for the fee have been left with the licensor as security against default.
A five-year office licence of 5,692 sq ft at Kanakia Wall Street, opening at ₹22.77 lakh a month on units Saif bought for ₹30.75 crore, is now on the public registration record circulated by CRE Matrix.
Also Read: Bought a Flat, Paid in Full, Now Can’t Sell: Kanakia Hollywood Buyer’s Shocking RERA Rejection
