Globeop Leases 63,000 Sq Ft in Mumbai

22 Feb 2025 CW Team

Globeop Financial Services India Private Limited has leased 62,976 sq ft of office space at Nirlon Knowledge Park, Goregaon East, at a monthly rent exceeding Rs 1.05 million for five years.

JLL India acted as the transaction advisor for the deal.

Lease Details & Rental Terms The financial services firm, a part of SS&C GlobeOp, has taken up the 13th and 14th floors of the building. The lease agreement, signed with Nirlon Ltd, includes a total chargeable area of 62,975.78 sq ft and 63 dedicated parking spaces.

The rental structure is set to increase annually:

Year 1: Rs 167 per sq ft/month Year 2: Rs 174.93 per sq ft/month Year 3: Rs 183.24 per sq ft/month Year 4: Rs 191.95 per sq ft/month Year 5: Rs 201.06 per sq ft/month

Globeop has also paid Rs 63.1 million as an interest-free refundable security deposit, with additional common area maintenance charges of Rs 15.5 per sq ft per month.

Market Trends in Office Leasing While Mumbai recorded 10.26 million sq ft of office leasing in 2023, a JLL report highlighted that Bengaluru led with 21.99 million sq ft, followed by Delhi NCR (17.69 million sq ft) and Hyderabad (10.72 million sq ft).

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..