Background: Cyber & Women Atrocity Prevention Wing

The Cyber and Women Atrocity Prevention Wing under the Maharashtra Police was established through a Government Resolution (GR) dated January 5, 2016.
Subsequent resolutions in March and April 2016 approved office space of 10,469 sq. ft. at WTC — with 8,469 sq. ft. allocated for the Cyber & Women Atrocity Prevention Wing and 2,000 sq. ft. for the Economic Offences Wing (EOW).

In March 2025, the government extended the lease agreement between the Additional Director General of Police (Cyber), Maharashtra State Cyber, Mumbai, and M. Visvesvaraya Industrial Research and Development Centre (MVIRDC) — which manages the World Trade Centre — for the period March 14, 2025, to March 13, 2026.

Rent Details and Payment Structure

As per the latest GR issued on November 11, 2025, the approved total rent for seven months amounts to ₹2,16,45,168 (Rupees Two Crore Sixteen Lakh Forty-Five Thousand One Hundred Sixty-Eight).

The monthly breakup is as follows:

Allocation and Financial Compliance

The payment will be made through the Account and Treasury Office, Mumbai, under the supervision of the Additional Director General of Police (Cyber), Maharashtra State Cyber, Mumbai.
The rent expenditure will be booked under the following budget head:
“2055 – Police (00)(00)101 Crime Investigation & Vigilance (06) Cyber and Women Atrocity Prevention Cell – 14 Rent and Other Expenditure.”

The Finance Department’s guidelines dated April 7, 2025, regarding expenditure control and certification procedures, must be strictly followed.

Also Read: Maharashtra Government Announces Affordable Housing Scheme for 5,000 Dabbawalas

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The two office spaces, both situated on the 17th floor of the Center I building, are being leased by Paytm Payments Bank for a period of 60 months. The World Trade Centre, a prominent business hub in Mumbai, is a highly sought-after location for corporate tenants.

Details of the Leased Units

1. Unit No. 7
   • Built-Up Area: 1707.78 square feet
   • Floor: 17th Floor, Center I (Currently known as Tower 3, World Trade Centre)
   • Parking Space: 1 Open Car Parking Spot
   • Rental Structure:
     • First 12 months: ₹3,75,711.60 per month for rent, ₹34,155.60 per month as non-occupancy charges.
     • Next 12 months: ₹3,92,789.40 per month for rent, ₹34,155.60 per month as non-occupancy charges.
     • Next 12 months: ₹4,11,574.98 per month for rent, ₹42,694.50 per month as non-occupancy charges.
     • Next 12 months: ₹4,32,068.34 per month for rent, ₹42,694.50 per month as non-occupancy charges.
     • Final 12 months: ₹4,54,269.48 per month for rent, ₹42,694.50 per month as non-occupancy charges.
   • Deposit: ₹15,02,864.40
2. Unit No. 6
   • Built-Up Area: 1036.63 square feet
   • Floor: 17th Floor, Center I (Currently known as Tower 3, World Trade Centre)
   • Parking Space: 1 Open Car Parking Spot
   • Rental Structure:
     • First 12 months: ₹2,28,058.60 per month for rent, ₹20,732.60 per month as non-occupancy charges.
     • Next 12 months: ₹2,38,424.90 per month for rent, ₹20,732.60 per month as non-occupancy charges.
     • Next 12 months: ₹2,49,827.83 per month for rent, ₹25,915.75 per month as non-occupancy charges.
     • Next 12 months: ₹2,62,267.39 per month for rent, ₹25,915.75 per month as non-occupancy charges.
     • Final 12 months: ₹2,75,743.58 per month for rent, ₹25,915.75 per month as non-occupancy charges.
   • Deposit: ₹9,12,234.40

Significance of the Deal

This lease agreement reflects PayTM’s expanding footprint in Mumbai, as the company continues to strengthen its operations and corporate presence in key business locations. World Trade Centre, Cuffe Parade, is renowned for its state-of-the-art facilities and excellent connectivity, making it an ideal location for global and national businesses.

The rental agreements also highlight the increasing demand for premium office spaces in Mumbai’s commercial real estate sector. The tiered rental model with escalating monthly rent and non-occupancy charges is typical in long-term lease agreements, ensuring that both the lessor and lessee benefit from the evolving market conditions.

About Paytm Payments Bank

Paytm Payments Bank, a subsidiary of Paytm, is one of India’s leading digital payment platforms. The company offers a range of banking services such as savings and current accounts, digital wallets, bill payments, and mobile recharges. The lease at World Trade Centre will further cement Paytm’s position as a key player in India’s financial services and fintech industry.

Conclusion

The lease agreement between Paytm Payments Bank and Carlton Builders is a significant step in the company’s growth strategy and the broader commercial real estate market in Mumbai. With both office spaces located at a prime business address in the city, Paytm is well-positioned to continue its growth and expansion in the coming years.

Also Read: GST on rental deal

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Speaking at The Real Estate Forum 2022, the Minister for Housing, Government of Maharashtra stated that the colony is spread across 21 acres of land. “Out of these 15 acres are open spaces. The government intends to involve the slum rehabilitation authority (SRA) which will take care of the process and then hand it over to someone with a vision to develop it further,” he said.

Awhad stated that there has been a substantial growth in the amount of premiums collected last year as compared to the last 10 years.

“The amount of premium collected by MHADA in nearly ten years that is from the year 2011 to 2021 was around Rs. 1902 crore.  However, in the year 2021-2022, in the span of just one year we have collected around Rs 1873 crore in premium collection,” the Housing Minister said.

Speaking at the function, Awhad appreciated the efforts taken by the developers in beautifying the financial capital. “The state’s development is linked with its housing industry. The development of Mumbai with no open land available is possible only through redevelopment of the existing spaces. This is helping the society at large,” he said.

He added that the city of Mumbai with an increasing population can’t have a future if the developers don’t participate in its development.

The honourable Housing Minister also explained that the state government has taken the responsibility of introducing complete transparency in all the housing transactions.

The government is already developing BDD chawls in several parts of Mumbai via MHADA.

Also Read: BDD Naigaon Back On Track With L&T

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By Varun Sngh

Rajyasabha MP, Subhash Chandra, has let out his Cuffe Parade bungalow to the Chinese Consulate.

The agreement was signed on June 29 between Subhash Chandra by his constituted attorney Bhaupatil Arote and Huang Xiang, the Vice Consul, for the Consulate General of The People’s Republic of China.

The bungalow let out to the Chinese Consulate General in Mumbai is located in Jolly Maker 1, one of the most sort out addresses in the city of Mumbai.

The deal was registered with the registration office in Mumbai on July 1, 2020, while the paper work was carried out on June 29.

Subhash Chandra on June 15, constituted a specific power of attorney to Bhaupatil Arote to carry out the leave and license work.

Relations between China and India has been growing bitter over the last few days. Especially after the Galwan valley clash, where 20 Indian soldiers were killed on June 15.

Post this, there has been a rise in anti-China sentiments in the country.

Industrialist like Anand Mahindra while replying to a jibe on Indian products by Chinese twitter handles had stated that such comments might well be the most effective and motivating rallying cry that India Inc. has ever received.

Industrialist Sajjan Jindal had tweeted against cheaper imports from China and asked for developing our own domestic vendors.

Coming back to the rent agreement between Chandra and the Chinese Consulate in Mumbai. The per month rent for the bungalow is Rs 4.90 lakh. The carpet area of the bungalow is 2590 sq ft and the Chinese Consulate will also get to use two covered parkings.

The rent agreement is for two years starting from July 1, 2020 and ending on June 30, 2022.

The Lock-In period is for nine months and to terminate the agreement each party has to give three months notice period.

The Chinese Consulate even paid Subhash Chandra Rs 58.80 lakh via a cheque. This amount includes nine months advance rent and the refundable deposit of Rs 14.70 lakh deposit.

The ground floor of the bungalow has a living room, and a kitchen, the first floor has three bedrooms and one child bedroom. While the second floor has one bedroom.

The bungalow can be used by the Chinese Consulate for its officers, staff, employees, and guests along with families for residential purposes only.

The agreement also has a diplomatic clause, which states, “If any decision taken by the Government of the People’s Republic of China or the Government of the Republic of India results in the closure of the office of the Consulate General of the People’s Republic of China in Mumbai at any time during the term (including the Lock-In-Period), the agreement shall stand terminated.

Emails, messages sent and phone calls made to Subhash Chandra seeking a response regarding the leave and license got us no response.

A detailed email sent to Chinese Consulate in Mumbai also generated no response.

Also Read: PMC Bank puts on sale a yacht and two aircrafts

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