Browsing Tag

Commercial Lease

2 posts

Zara Shuts Shop, Purple Style Labs Enters Iconic SoBo Building

Zara has shut its flagship store in South Mumbai’s iconic Ismail Building after nine years, making way for luxury fashion chain Purple Style Labs. The new tenant has leased nearly 60,000 sq ft of retail space for five years, with an initial annual rent of ₹36 crore. The lease marks a significant shift in Mumbai’s high-end retail landscape, as PSL expands its presence in the luxury fashion sector.
"Consulate General of the People's Republic of China signs a landmark 36-month lease agreement for a luxury apartment in Mumbai's prestigious NCPA Apartments, Nariman Point."

Consulate General of the People’s Republic of China Signs Lease Agreement for Apartment in Mumbai

In a significant move, the Consulate General of the People’s Republic of China has signed a lease agreement for a luxury apartment in Mumbai’s Nariman Point. The 36-month deal, finalized on February 29, 2024, includes two car parking spaces and a rent escalation plan over the next three years. The agreement highlights the growing demand for premium real estate in Mumbai by international organizations.