<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>NAriman Point Archives - Square Feat India</title>
	<atom:link href="https://squarefeatindia.com/tag/nariman-point/feed/" rel="self" type="application/rss+xml" />
	<link>https://squarefeatindia.com/tag/nariman-point/</link>
	<description>Real Estate News Website</description>
	<lastBuildDate>Thu, 05 Mar 2026 05:49:29 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png</url>
	<title>NAriman Point Archives - Square Feat India</title>
	<link>https://squarefeatindia.com/tag/nariman-point/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Maharashtra Govt Approves ₹7.03 Lakh Monthly Rent for Disability Welfare Department Office at Nariman Point</title>
		<link>https://squarefeatindia.com/maharashtra-govt-approves-%e2%82%b97-03-lakh-monthly-rent-for-disability-welfare-department-office-at-nariman-point/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Fri, 06 Mar 2026 01:42:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[administrative approval]]></category>
		<category><![CDATA[Divyang Welfare Department]]></category>
		<category><![CDATA[Government Office Rent]]></category>
		<category><![CDATA[Government Policy]]></category>
		<category><![CDATA[Maharashtra Government]]></category>
		<category><![CDATA[Mittal Tower Mumbai]]></category>
		<category><![CDATA[Mumbai Real Estate]]></category>
		<category><![CDATA[NAriman Point]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=12039</guid>

					<description><![CDATA[<p>The Maharashtra government has approved a one-year renewal of rented office space for the Divyang Welfare Department at Mittal Tower, Nariman Point, increasing the monthly rent to ₹7.03 lakh with a 5% escalation.</p>
<p>The post <a href="https://squarefeatindia.com/maharashtra-govt-approves-%e2%82%b97-03-lakh-monthly-rent-for-disability-welfare-department-office-at-nariman-point/">Maharashtra Govt Approves ₹7.03 Lakh Monthly Rent for Disability Welfare Department Office at Nariman Point</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>The <strong>Government of Maharashtra</strong> has approved the renewal of a leased office space for the <strong>Divyang Welfare Department</strong> at <strong>Mittal Tower</strong>, extending the arrangement for another year with a 5% rent increase.</p>



<p>The administrative approval was issued through a government order dated <strong>March 4, 2026</strong>, allowing the department to continue operating from the rented premises near <strong>Mantralaya</strong> due to a shortage of available office space within the state secretariat.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">Why the Office Is Being Rented</h2>



<p>The Divyang Welfare Department was created in <strong>December 2022</strong> after the state cabinet approved the formation of a dedicated department to focus exclusively on policies and welfare schemes for persons with disabilities.</p>



<p>The department was carved out from the <strong>Department of Social Justice and Special Assistance</strong> to strengthen implementation of programmes aimed at the <strong>economic, social, educational, and cultural empowerment</strong> of persons with disabilities across Maharashtra.</p>



<p>Following its formation, the state government sanctioned <strong>56 regular posts and 11 contractual positions</strong> for the department. However, due to limited space within Mantralaya, the government decided to operate the department from rented premises at Nariman Point.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">Details of the Office Space</h2>



<p>The department currently occupies a <strong>total carpet area of 2,842 sq. ft.</strong> on the third floor of Mittal Tower, located in Mumbai’s prime business district of Nariman Point.</p>



<p>The office space is spread across three units owned by two private companies:</p>



<ul class="wp-block-list">
<li><strong>Cyber Windows Pvt Ltd</strong> – Units <strong>31A and 32A</strong> measuring <strong>1,704 sq. ft.</strong></li>



<li><strong>Superb Systems Company Pvt Ltd</strong> – Unit <strong>35A</strong> measuring <strong>1,138 sq. ft.</strong></li>
</ul>



<p>The original lease agreement for the premises was signed for the period <strong>March 6, 2023 to March 5, 2026</strong>.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">Revised Rent After 5% Increase</h2>



<p>With the existing lease nearing expiry, the property owners proposed renewing the agreement with a <strong>5% annual rent escalation</strong>. After reviewing the proposal, the Maharashtra government approved a <strong>one-year extension with the revised rent structure</strong>.</p>



<p>Under the new arrangement:</p>



<ul class="wp-block-list">
<li><strong>Cyber Windows Pvt Ltd</strong> will receive <strong>₹4,21,803 per month</strong> for the 1,704 sq. ft. space.</li>



<li><strong>Superb Systems Company Pvt Ltd</strong> will receive <strong>₹2,81,697 per month</strong> for the 1,138 sq. ft. unit.</li>
</ul>



<p>This takes the <strong>total monthly rent to ₹7,03,500</strong>, excluding applicable GST.</p>



<p>Previously, the department had been paying around <strong>₹6.70 lakh per month</strong> for the same premises.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">Security Deposits Already Paid</h2>



<p>The government order also notes that security deposits were paid at the time of signing the original agreement in 2023.</p>



<p>These include:</p>



<ul class="wp-block-list">
<li><strong>₹8,04,849</strong> paid to Cyber Windows Pvt Ltd</li>



<li><strong>₹12,05,151</strong> paid to Superb Systems Company Pvt Ltd</li>
</ul>



<p>These deposits will remain valid under the renewed lease agreement.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">Budget Head for the Expenditure</h2>



<p>The rent for the office premises will be paid from the state government’s budget under the following administrative head:</p>



<ul class="wp-block-list">
<li><strong>Demand No. ZI-2</strong></li>



<li><strong>Major Head: 2251 – Secretariat Social Services</strong></li>



<li><strong>Sub-Head: Divyang Welfare Department</strong></li>
</ul>



<p>This allocation covers rent and related taxes for the department’s office operations.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">Legal Provision Used for Approval</h2>



<p>The administrative approval has been granted under provisions of the <strong>Financial Powers Rules, 1978</strong>, which allow government departments to lease office space when suitable accommodation is not available within government buildings.</p>



<p>The order also refers to prior approvals issued by the <strong>General Administration Department</strong> for renting office space.</p>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">Authorized Signatory for the Lease</h2>



<p>The government has authorized <strong>Deputy Secretary Sunanda Ghadyaale</strong> to sign the renewed lease agreement on behalf of the Divyang Welfare Department.</p>



<p>The order has been digitally signed and uploaded on the official website of the <strong>Government of Maharashtra</strong>, ensuring formal administrative approval for the continuation of the office lease.</p>



<p>Also Read: <a href="https://squarefeatindia.com/consulate-general-of-the-peoples-republic-of-china-signs-lease-agreement-for-apartment-in-mumbai/" type="post" id="8414">Consulate General of the People’s Republic of China Signs Lease Agreement for Apartment in Mumbai</a></p>
<p>The post <a href="https://squarefeatindia.com/maharashtra-govt-approves-%e2%82%b97-03-lakh-monthly-rent-for-disability-welfare-department-office-at-nariman-point/">Maharashtra Govt Approves ₹7.03 Lakh Monthly Rent for Disability Welfare Department Office at Nariman Point</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Consulate General of the People&#8217;s Republic of China Signs Lease Agreement for Apartment in Mumbai</title>
		<link>https://squarefeatindia.com/consulate-general-of-the-peoples-republic-of-china-signs-lease-agreement-for-apartment-in-mumbai/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Mon, 30 Dec 2024 11:16:19 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[Apartment Lease Agreement]]></category>
		<category><![CDATA[Chinese Consulate Mumbai]]></category>
		<category><![CDATA[Commercial Lease]]></category>
		<category><![CDATA[Consulate General of China]]></category>
		<category><![CDATA[February 29 Lease Agreement]]></category>
		<category><![CDATA[Foreign Diplomatic Leases]]></category>
		<category><![CDATA[Luxury Apartment Lease]]></category>
		<category><![CDATA[Mumbai Property Market]]></category>
		<category><![CDATA[Mumbai Real Estate]]></category>
		<category><![CDATA[NAriman Point]]></category>
		<category><![CDATA[NCPA Apartments]]></category>
		<category><![CDATA[real estate deal]]></category>
		<category><![CDATA[Rent Escalation]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=8414</guid>

					<description><![CDATA[<p>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.</p>
<p>The post <a href="https://squarefeatindia.com/consulate-general-of-the-peoples-republic-of-china-signs-lease-agreement-for-apartment-in-mumbai/">Consulate General of the People&#8217;s Republic of China Signs Lease Agreement for Apartment in Mumbai</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>In a significant move, the Consulate General of the People’s Republic of China has signed a lease agreement for a residential apartment in Mumbai. The deal, finalized on February 29, 2024, was signed by Deputy Consul General Wang Wei, representing the Consulate General of China, and the landlords, of the apartment.</p>



<h3 class="wp-block-heading">Details of the Lease Agreement</h3>



<p>The leased apartment is situated on the <strong>4th Floor</strong> of the <strong>N.C.P.A. Apartments, Nariman Point, Mumbai</strong>. The agreement also includes <strong>two car parking spaces</strong>. The lease term is set for <strong>36 months</strong>. The area of the apartment is 3475 sq ft</p>



<h3 class="wp-block-heading">Financial Terms</h3>



<p>The financial terms of the agreement include:</p>



<ul class="wp-block-list">
<li><strong>Security Deposit:</strong> ₹6,48,313/-</li>



<li><strong>Advance Monthly Rent:</strong> ₹77,79,750/-</li>



<li><strong>Annual Rent Escalation:</strong> The rent for the subsequent years will increase as follows:
<ul class="wp-block-list">
<li>Year 1: ₹6,48,313/-</li>



<li>Year 2: ₹6,64,520/-</li>



<li>Year 3: ₹6,81,133/-</li>
</ul>
</li>
</ul>



<p>The deal was finalized on <strong>February 29, 2024</strong>, a date that occurs once every four years, adding a unique touch to the agreement.</p>



<p>Also Read: <a href="https://squarefeatindia.com/wp-content/uploads/2020/07/WhatsApp-Image-2020-07-30-at-1.03.25-AM.jpeg">Subhash Chandra has rented his bungalow to Chinese Consulate in Mumbai</a></p>
<p>The post <a href="https://squarefeatindia.com/consulate-general-of-the-peoples-republic-of-china-signs-lease-agreement-for-apartment-in-mumbai/">Consulate General of the People&#8217;s Republic of China Signs Lease Agreement for Apartment in Mumbai</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Vidhan Bhawan Metro: 4.2 Acres of Prime Land in Nariman Point to Be Auctioned by MMRCL</title>
		<link>https://squarefeatindia.com/vidhan-bhawan-metro-4-2-acres-of-prime-land-in-nariman-point-to-be-auctioned-by-mmrcl/</link>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Wed, 02 Oct 2024 05:56:10 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[development potential]]></category>
		<category><![CDATA[land auction]]></category>
		<category><![CDATA[MMRCL]]></category>
		<category><![CDATA[Mumbai Metro]]></category>
		<category><![CDATA[NAriman Point]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Vidhan Bhawan]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=7927</guid>

					<description><![CDATA[<p>MMRCL plans to auction a 4.2-acre plot in Nariman Point, adjacent to the Vidhan Bhawan Metro station, with an estimated value of over ₹2,000 crore and significant development potential.</p>
<p>The post <a href="https://squarefeatindia.com/vidhan-bhawan-metro-4-2-acres-of-prime-land-in-nariman-point-to-be-auctioned-by-mmrcl/">Vidhan Bhawan Metro: 4.2 Acres of Prime Land in Nariman Point to Be Auctioned by MMRCL</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>Mumbai Metro Rail Corporation Limited (MMRCL) is set to auction a valuable 4.2-acre plot of land in Nariman Point, located just above the Vidhan Bhawan Metro station. This prime property, part of Mumbai&#8217;s original business district, is estimated to be worth over ₹2,000 crore.</p>



<p>In the coming week, MMRCL will issue a global tender for the auction, having appointed a reputable real estate consultancy firm to oversee the process. The site has significant development potential, estimated at around 1.6 million square feet.</p>



<p>Before initiating the auction, MMRCL consulted with leading national and international firms to ensure a successful bidding process stated a report. </p>



<p>Also Read: <a href="https://squarefeatindia.com/auction-for-recovery-of-rs-36-lac-from-developer-in-karjat/">Auction for recovery of Rs 36 Lac from Developer in Karjat</a></p>
<p>The post <a href="https://squarefeatindia.com/vidhan-bhawan-metro-4-2-acres-of-prime-land-in-nariman-point-to-be-auctioned-by-mmrcl/">Vidhan Bhawan Metro: 4.2 Acres of Prime Land in Nariman Point to Be Auctioned by MMRCL</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Rs 900 Crore Tender For Reconstruction of MLA Hostel In Mumbai</title>
		<link>https://squarefeatindia.com/rs-900-crore-tender-for-reconstruction-of-mla-hostel-in-mumbai/</link>
					<comments>https://squarefeatindia.com/rs-900-crore-tender-for-reconstruction-of-mla-hostel-in-mumbai/#respond</comments>
		
		<dc:creator><![CDATA[SquareFeatIndia]]></dc:creator>
		<pubDate>Tue, 04 May 2021 18:35:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[Bhushan Kumar]]></category>
		<category><![CDATA[COVID]]></category>
		<category><![CDATA[maharashtra]]></category>
		<category><![CDATA[Manora MLA Hostel]]></category>
		<category><![CDATA[MLA]]></category>
		<category><![CDATA[MLA hostel]]></category>
		<category><![CDATA[NAriman Point]]></category>
		<category><![CDATA[Pandemic]]></category>
		<category><![CDATA[Presidency division]]></category>
		<category><![CDATA[PWD]]></category>
		<category><![CDATA[T Series]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=3174</guid>

					<description><![CDATA[<p>The Presidency division of Public Works Department, Maharashtra came out with a&#8230;</p>
<p>The post <a href="https://squarefeatindia.com/rs-900-crore-tender-for-reconstruction-of-mla-hostel-in-mumbai/">Rs 900 Crore Tender For Reconstruction of MLA Hostel In Mumbai</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>The Presidency division of Public Works Department, Maharashtra came out with a tender with an estimated cost of Rs 900 crore for the reconstruction of Manor MLA hostel.</p>



<p>By Varun Singh</p>



<p>On Tuesday the government of Maharashtra&#8217;s Public Works Department&#8217;s Presidency division came out with a E-Tender notice.</p>



<p>This notice pertain to the reconstruction of the Manora MLA hostel for Maharashtra legislature at Nariman Point, Mumbai.</p>



<p>Manora MLA hostel is located at Nariman Point and has housed the Members of Maharashtra legislature for quite some time.</p>



<p>The MLA hostel was declared dilapidated a few years ago and since then the reconstruction work has been in pipeline.</p>



<p>The work of the reconstruction of the MLA hostels was earlier given to NBCC India Ltd. However, in December 2020 citing slow progress the work was given to PWD.</p>



<p>The NBCC had planned of building swanky apartments measuring 1000 square feet to accommodate the MLAs and MLCs. NBCC had planned to construct two towers – 50 floors and 32 floors respectively consisting of 373 flats.</p>



<p>Now PWD has floated a E-Tender Notice calling request for qualification for the work &#8220;Reconstruction of Manor MLA Hostel for Maharashtra Registration at Nariman Point, Mumbai.</p>



<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="789" height="765" src="https://squarefeatindia.com/wp-content/uploads/2021/05/WhatsApp-Image-2021-05-04-at-3.25.48-PM.jpeg" alt="" class="wp-image-3175"/><figcaption>The tender floated by PWD department for reconstruction of Manora MLA Hostel.</figcaption></figure>



<p>The estimated cost of the project as per the tender is Rs 900 crore.</p>



<p>The E-tender shall be available from 10.30 am of May 6, 2021 to 5.30 pm on June 8, 2021.</p>



<p>The pre-bid date for the E-tender is May 20 at 3 pm via video conferencing.</p>



<p>The E-Tender opening date is June 12, at 3 pm at the office of the Superintending Engineer, Mumbai, Bandhkam Bhavan, Fort, Mumbai.</p>



<p>All the detail information shall be available regarding the E-tender can be seen on this <a href="https://mahatenders.gov.in/nicgep/app" target="_blank" rel="noreferrer noopener">website.</a></p>



<p>The Executive Engineer, Presidency Division, Mumbai reserves the right to accept or reject any offer. Additionally conditional offers will not be accepted.</p>



<p>Also Read: <a href="https://squarefeatindia.com/bhushan-kumar-of-t-series-paid-rs-167-crore-for-juhu-bungalow/" target="_blank" rel="noreferrer noopener">Bhushan Kumar Of T-Series Paid Rs 167 Crore For Juhu Bungalow</a></p>
<p>The post <a href="https://squarefeatindia.com/rs-900-crore-tender-for-reconstruction-of-mla-hostel-in-mumbai/">Rs 900 Crore Tender For Reconstruction of MLA Hostel In Mumbai</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://squarefeatindia.com/rs-900-crore-tender-for-reconstruction-of-mla-hostel-in-mumbai/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>
