UK Consulate Acquires Prime Office Space in Mumbai

12 Jun 2024 CW Team

The Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom has secured over 1.60 lakh sq ft of prime office space in Mumbai?s Lower Parel business district. The acquisition, spread across 12 units on the 19th floor of One Lodha Place, was completed for over Rs 1.01 billion.

The transaction, concluded on May 28, was registered with a nominal stamp duty payment of just Rs 100, taking advantage of the exemptions granted to consulates in India. These diplomatic privileges align with international conventions and national laws, allowing significant savings from the usual 6% stamp duty on property transactions.

The UK Consulate, currently located in Bandra-Kurla Complex (BKC), is set to move its operations to the newly acquired space in Lower Parel. This strategic move reflects a long-term commitment to Mumbai, underscored by the outright purchase of the property.

The 173-meter One Lodha Place, developed by One Place Commercial Pvt Ltd, part of Macrotech Developers, features 28 floors, 10 podium levels, two basement levels, two service levels, and a terrace.

The broader Mumbai office property market has shown robust performance, with a 13.8% year-on-year growth in gross leasing, totaling over 15.16 million sq ft in Q1 2024. This marks the third consecutive quarter where gross leasing has surpassed the 15 million sq ft mark, continuing the momentum from the historical high of 20.94 million sq ft in Q4 2023.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..