Key terms
- Tenure: 60 months (5 years)
- Rent escalation: 5% annually
- License commencement date: September 5, 2026
- Rent commencement date: September 5, 2026
- Monthly license fee (Year 1): ₹7,30,000
- Usable carpet area: 2,727 sq ft + 3 basement car parks
- Interest-free security deposit: ₹43,80,000
- Licensee lock-in: 36 months
- Licensor lock-in: full 60-month term
- Property tax / water / CAM: paid by licensor
- GST on license fee: extra, payable by licensee
Actor Hrithik Rakesh Nagrath, better known as Hrithik Roshan, has given his 14th-floor office at Lotus Corporate Park, Goregaon (East), on a 60-month leave and licence to QuantumX Global Private Limited, according to the registered agreement provided by CRE Matrix, a real estate data analytics firm. Stamp duty of ₹1,26,700 and registration fee of ₹1,000 were paid on 26 August 2026 at the office of the Joint Sub-Registrar, Mumbai-8 (GRN MH009041392202627E). Document handling charges of ₹2,000 were paid separately the same day. The instrument was executed on 27 August 2026.
The licensor is described as an Indian inhabitant residing at the 9th floor of Ghumman Villa (now Palazzo), 12th N.S. Road, JVPD Scheme, Juhu. The licensee, QuantumX Global Private Limited (formerly Spiraea Digital (India) Private Limited; CIN U72200MH2022PTC386679), has its registered office at 6th Floor, Wing A, Let’s Work, Corporate Centre, J.B. Nagar, Chakala, Andheri East. The company is stated to be engaged in financial services. Its board authorised signatories include Saurav Mody and Aksh Shetye.
The premises
Office No. 1402 on the 14th floor of E-Wing, Lotus Corporate Park, Graham Firth Steel Compound, Western Express Highway, Goregaon (E), Mumbai 400063, admeasures 2,727 sq ft of usable carpet area. Three car parking spaces, Nos. 47, 48 and 49 in Basement-2, go with the office. Furniture and fixtures listed in Annexure A form part of the licensed premises. QuantumX is permitted to use identified group entities — Matrix Moon Private Limited, Digitech Learning Assembly Private Limited, Matrix Moon Investments Private Limited, Geminox Private Limited, Axtroid LLP and Viaana Foundation — subject to the licensor’s approval, which is not to be unreasonably withheld.
Licence period and fee
The licence runs for 60 months from 5 September 2026 to 4 September 2031 (both days inclusive). Licence fee and occupation start on the same date; there is no rent-free period.
The starting monthly licence fee is ₹7,30,000, payable in advance on or before the 15th of each calendar month, after TDS. GST is extra and is to be paid by the licensee against the licensor’s invoice. The fee rises 5% every year on the last paid amount:
On 2,727 sq ft usable carpet, the Year-1 fee works out to about ₹268 per sq ft per month.
Deposit, lock-in and outgoings
An interest-free refundable security deposit of ₹43,80,000 — six months of the opening fee — has been placed with the licensor. It is to be returned within seven days of handover, after documented deductions for unpaid dues or damage (fair wear and tear excluded). The licensor may hold back ₹3,50,000 for up to 30 days pending final clearance.
The licensor cannot terminate for convenience during the full 60-month term. The licensee is locked in for the first 36 months; an early exit in that window requires payment of licence fee for the unexpired lock-in. After 36 months, either side may terminate with three months’ written notice. Consecutive default of three months’ fee, if not cured within 45 days of notice, can end the licence even during lock-in, with 12% interest on overdue sums. A fall in the licensee’s net worth below ₹1 crore also triggers automatic termination; the company has represented a net worth of ₹23 crore and covenanted to keep it at least ₹1 crore from 20 August 2026.
MCGM property tax, water charges and building maintenance are the licensor’s burden. Electricity, telephone and telecom bills from the commencement date are the licensee’s. Temporary non-structural fit-out is allowed. Stamp duty and registration costs are to be shared equally. Disputes go first to negotiation, then to Mumbai-seated arbitration under the Arbitration and Conciliation Act, 1996, with courts at Mumbai retaining jurisdiction.
Lotus Corporate Park on the Western Express Highway is a known Grade-A office address in Goregaon East. A 60-month, no-rent-free licence at ₹7.30 lakh a month, with CAM and property tax on the owner and a three-year tenant lock-in, is a firm commercial letting of a celebrity-owned floor plate — now on the public registration record circulated by CRE Matrix.
Also Read: Hrithik Roshan Buys ₹28-Crore Office Space in Juhu’s Premium Yura Project
