New Launch - India Real Estate Report 2026.
Sajid Nadiadwala's production house, Nadiadwala Grandson Entertainment Private Limited, has leased two commercial office units on the eighth floor of Lotus Grandeur in Andheri West, Mumbai, to Rhea and Dia Enterprises Pvt Ltd for a period of 28 months.
The total rent over the lease tenure amounts to approximately ₹2.46 crore. The lease commenced on 1 August 2026 and was registered on 1 September 2026, according to property registration documents accessed by CRE Matrix.
Lease Terms and Escalation Structure
The initial monthly rent is ₹8,26,875, with a security deposit of ₹30 lakh. The lease includes a 12-month lock-in period and a 5% annual rent escalation. The monthly rent schedule across the 28-month term:
- Months 1–12: ₹8.27 lakh per month
- Months 13–24: approximately ₹8.68 lakh per month
- Months 25–28: approximately ₹9.12 lakh per month
- Total rent over 28 months: approximately ₹2.46 crore
The premises come with two car parking spaces. The registered documents do not specify the area of the office units.
Neither Nadiadwala Grandson Entertainment nor Rhea and Dia Enterprises could be reached for comment.
Also Read: Hrithik Roshan Leases Goregaon Office for ₹4.84 Crore Over 5 Years
About the Location
Andheri West, particularly the Veera Desai Road area where Lotus Grandeur is situated, has long been a hub for production houses, creative businesses and corporate offices.
The concentration of entertainment industry offices in this micro-market makes it a natural choice for a production house with established roots in the western suburbs of Mumbai.
Also Read: Khushi Kapoor Buys Rs 63 Lakh Flat in Bandra West, Mumbai
A Track Record of Property Activity
The Andheri West lease adds to a series of recent property transactions by Nadiadwala Grandson Entertainment:
- October 2025: purchased two apartments in Mumbai's Prabhadevi for ₹36.57 crore — one spanning 2,390 sq ft on the 23rd floor of Hubtown Twenty Five North for ₹18.57 crore, with two parking spaces
- July 2024: leased two flats in Lokhandwala Complex in Andheri West for ₹1.8 lakh per month across a 15th-floor unit in Green Acres CHSL
The pattern across these transactions reflects a production house managing a diversified real estate portfolio commercial space for business operations, residential units likely serving the housing needs of its principals or associates, and selective purchases in premium residential addresses.
For the Andheri West commercial real estate market, a 28-month lease from an established entertainment industry name adds another high-profile name to a corridor where the creative and corporate sectors have consistently driven demand for well-located, accessible office space.
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