Key terms
- Tenure: 28 months (1 August 2026 to 30 November 2028)
- License / rent commencement: 1 August 2026
- Opening monthly license fee: ₹8,26,875 + GST
- Escalation: 5% every 12 months
- Lock-in: 12 months from commencement
- Security deposit: ₹30,00,000 (interest-free)
- CAM and property tax: included in the license fee
- Car parks: 2 reserved stilt parks
- Premises: Offices 803 and 804, 8th floor, Lotus Grandeur, Veera Desai Road Ext., Andheri West
Nadiadwala Grandson Entertainment Private Limited has given offices 803 and 804 on the 8th floor of Lotus Grandeur, Andheri West, on a 28-month leave and licence to Rhea and Dia Enterprises Pvt. Ltd., according to the registered agreement provided by CRE Matrix, a real estate data analytics firm. The instrument was executed in Mumbai on 1 September 2026 and registered as MB113-19693-2026 at the Joint Sub-Registrar, Mumbai-13. Stamp duty of ₹64,000 and registration fee of ₹1,000 (total ₹65,000; GRN MH009391334202627P) were paid by the licensor; document handling charges of ₹2,080 were paid the same day.
The licensor is Nadiadwala Grandson Entertainment Pvt. Ltd. (CIN U92100MH2005PTC152918; PAN AACCN0909J), registered at the 17th floor of the same Lotus Grandeur building, Off Veera Desai Road, Andheri West. It signed through authorised signatory Nusrat Javed Khan under a board resolution dated 27 July 2026. The licensee is Rhea and Dia Enterprises Pvt. Ltd. (CIN U55101MH2026PTC468475), registered at Office C/210, 2nd Floor, Crystal Plaza, New Link Road, Oshiwara, Andheri West, signed through Sagar Prakash Bhosle under a board resolution of the same date.
The premises
The licensed units are offices 803 and 804 on the 8th floor of Lotus Grandeur, standing on CTS No. 737/9/12/C-D, Village Oshiwara, Taluka Andheri, Veera Desai Road Extension, Andheri West, Mumbai 400053, together with two reserved stilt-level car parks. The licence is for commercial office use, on an as-is-where-is basis, and is expressed as a personal permission that does not create tenancy.
Period and fee
The licence runs 28 months from 1 August 2026 to 30 November 2028. Occupation and fee both start on 1 August 2026 — a month before the deed was signed. There is no rent-free period.
Monthly licence fee, plus GST, is:
The step-up is 5% after every 12 months from commencement. Fee is payable in advance on or before the 7th of each month, against post-dated cheques listed in Annexure D. Delayed payment after the cure period attracts 12% interest. Building maintenance and property tax are built into the fee and stay with the licensor. Electricity, internet, telephone and other utilities are paid by the licensee at actuals.
Deposit and lock-in
An interest-free security deposit of ₹30 lakh has been placed: ₹20 lakh by RTGS/NEFT on 28 August 2026 and ₹10 lakh by post-dated Kotak Mahindra Bank cheque dated 7 September 2026. On exit, the licensor may hold back ₹5 lakh for one month pending clearance of dues and restoration (fair wear and tear excepted).
Neither side may terminate during the first 12 months. If the licensee walks during lock-in, the balance lock-in fee plus the licensor’s costs are payable. After 12 months, either party may terminate; non-payment of fee, if not cured within 30 days of notice, lets the licensor end the licence even during lock-in.
Lotus Grandeur on the Veera Desai / Oshiwara belt is a familiar mid-rise office address for film and services firms. A 28-month take of two 8th-floor units from Nadiadwala’s production company, CAM bundled into rent, 5% annual escalation and a one-year mutual lock-in is now on the public registration record circulated by CRE Matrix.
Also Read: India’s Real Estate Market Shows Resilience in 2025 Despite Global Headwinds
