The rented office space spans 2,727 square feet (approximately 253.34 square meters) in the premium commercial development by Lotus Developers. Spread across 27.55 acres, Lotus Corporate Park is known for its modern infrastructure and strategic location in one of Mumbai’s key business districts. Goregaon, with its excellent connectivity and thriving commercial ecosystem, continues to be a sought-after destination for businesses.

As part of the transaction, a stamp duty of ₹88,000 and a registration fee of ₹1,000 were paid.

Hrithik Roshan, widely recognized for his acting prowess, has delivered memorable performances in films like Koi… Mil Gaya, Jodhaa Akbar, Kaabil, and Super 30. Apart from his cinematic achievements, Roshan is also an entrepreneur, having launched his casual wear brand HRx in 2013. The brand focuses on sports and active lifestyle apparel, further solidifying his multifaceted career.

This recent real estate transaction highlights the actor’s foray into property investments, adding to his impressive portfolio of achievements in entertainment and business.

Also Read: Hrithik Roshan’s rent for this Juhu flat will shock you

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The property, which spans 1,200 square feet (~111.48 square meters), is part of Morya Grand, a ready-to-move commercial development by Nakta Investment Pvt Ltd. The building, spread across 0.69 acres, is situated in a prime location known for its proximity to key landmarks such as Versova Beach, upscale restaurants, and lifestyle hubs. Andheri West is also well-connected to major parts of the city via the Western Express Highway and Mumbai Metro Line 1, offering easy access to areas like Bandra, Juhu, and both the domestic and international airports.

The lease agreement, registered in December 2024, includes an initial security deposit of Rs. 8 lakhs. The agreement features a tiered rental structure, with the rent set at Rs. 2 lakh per month for the first 12 months, increasing to Rs. 2.14 lakh for the next 12 months. Manish Paul had purchased the office space for Rs. 2.25 crore in September 2023.

Known for his charismatic on-screen presence and wit, Manish Paul is a popular television personality and actor. He has hosted major reality shows such as Jhalak Dikhhla Jaa and Indian Idol, and starred in films like Mickey Virus and Jugjugg Jeeyo. His versatility and engaging personality have earned him numerous awards, including the Best Anchor Award and multiple accolades at the ITA Awards, securing his position as one of India’s most beloved entertainers.

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The new facility will accommodate over 2,000 desks, with rental rates starting at approximately ₹9,000 per seat per month. Urban Vault, a self-funded company renowned for its managed workspace solutions, aims to address the growing demand for flexible office environments. The company’s portfolio currently includes over 2 million square feet of office space and more than 30,000 desks, reflecting its significant footprint in Bengaluru.

Urban Vault’s expansion into Whitefield is a response to the increasing preference among large and medium-sized corporates for hassle-free, managed office spaces. “Post-COVID, the demand for prime office space has revived significantly,” said Amal Mishra, Co-founder and CEO of Urban Vault. “Large and medium-sized corporates are increasingly opting for managed spaces to streamline their operations.”

Bengaluru continues to be a favored location for both global and domestic companies due to its availability of English-speaking tech professionals and a robust supply of affordable, high-quality office spaces. Mishra noted that multinational corporations are establishing Global Capability Centres (GCCs) in Bengaluru and other major cities, further driving the demand for Grade A office space.

In addition to strengthening its presence in Bengaluru, Urban Vault is gearing up for expansion into Pune, Delhi-NCR, and Mumbai by the end of the fiscal year. The company is actively seeking office spaces in these cities to enhance its portfolio and drive growth. “We are in preliminary discussions with commercial real estate developers and individual landlords in these key markets,” Mishra added.

For the fiscal year 2023-24, Urban Vault reported a turnover exceeding ₹100 crore, with an 18% profit after tax (PAT) and consistent year-over-year growth. The company’s operational centres currently maintain an occupancy rate of 91%, underscoring its successful business model and market demand.

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