Goldman Sachs Leases 74,000 Sq Ft in Mumbai's Worli for Rs.300 Cr

19 Sep 2024 CW Team

The India arm of global investment banking giant Goldman Sachs has secured nearly 74,000 sq ft of prime office space in Mumbai's upscale Worli locality, signing a 10-year lease for two floors in the commercial tower Ascentia, developed by K Raheja Corp. The financial institution will pay approximately Rs.3 billion in total rent over the initial lease period.

The agreement includes a 4.75% annual rent escalation and provides an option to extend the lease for an additional 10 years in two terms of five years each. The lease is set to commence in August 2024 with a 48-month lock-in period, while fit-out work is scheduled to last until September 2025.

This move by Goldman Sachs comes as the Worli area experiences a surge in office space demand, driven by infrastructure improvements such as the Mumbai Trans-Harbour Link (MTHL) and the expanding metro network. These projects are enhancing the area's accessibility and attracting multinationals looking for high-end office space with modern amenities.

Goldman Sachs has been operating in India since the 1980s, establishing a significant presence with its Mumbai office in 2006 and more recently opening technology hubs in Bengaluru (2004) and Hyderabad (2021). With over 8,500 professionals in these locations, they represent the firm’s second-largest global presence.

India’s office sector has shown remarkable resilience despite global economic challenges. The country recorded its best-ever first half of the year, with 33.5 million sq ft of gross office leasing, a 29% increase from the previous year, demonstrating continued confidence in India's commercial real estate market.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..