Madhuri Dixit leased a 731 sq ft office unit at One Lodha Place in Lower Parel, Mumbai, on a five-year lease registered March 24, 2026. Total rental value: ₹2.81 crore. Property leased from Rinku Parikshit Joshi. Includes one parking space. Stamp duty: ₹72,600; registration charges: ₹1,000; security deposit: ₹17 lakh.

Rent structure with 5% annual increase:

• Year 1: ₹4.25 lakh/month
• Year 2: ₹4.46 lakh/month
• Year 3: ₹4.68 lakh/month
• Year 4: ₹4.91 lakh/month
• Year 5: ₹5.16 lakh/month

Altimus, a 41-storey tower co-owned by K Raheja Corp and Singapore's GIC, has attracted marquee tenants including Morgan Stanley, KKR, BlackRock, Barclays, Kedaara Capital, TPG, and Goldman Sachs (at nearby Ascent project). Large Indian firms including Ultratech are also moving in.

Worli was India's premier office address in early 2000s (home to Barclays, Rothschild, Credit Suisse via Ceejay House) but lost prominence to BKC and Lower Parel. The shift reflects demand for centrally located premium towers as BKC supply tightens.

BKC office vacancies dropped to 3-4% from 13-14% four years ago. Average rent in BKC jumped from ₹300/sq ft to ₹400/sq ft in three years; Maker Maxity crosses ₹800/sq ft. South Mumbai averages ₹250-280/sq ft/month. Altimus and top BKC buildings hover at ₹400-450/sq ft.

Barclays leased 65,000 sq ft in Altimus for expansion. Alta Capital leased 6,000 sq ft at TS Suites (TableSpace managed workspace inside Altimus).

Worli's revival driven by infrastructure: new coastal road, sea link reducing travel times, and Mumbai Metro's Aqua Line connecting to Worli. Traffic bottlenecks in BKC pushing firms to seek accessible locations.

Raheja's Ascent project (450,000 sq ft) anchored by Goldman Sachs. Sumitomo Corp acquired 22-acre plot from Bombay Dyeing in 2023 for major office development. Raheja has 400,000 sq ft development in pipeline with expected three-year completion.

Rohit Sharma rented an apartment in Lodha Marquise–The Park, Lower Parel, for ₹2.6 lakh per month; transaction registered January 2025. Carpet area 1,298 sq ft with two car parking spaces. Stamp duty ₹16,300; registration charges ₹1,000. Sharma and father Gurunath Sharma purchased the apartment in March 2013 for ₹5.46 crore. Rental yield 6%. Developer: Macrotech Developers Limited (Lodha Group). Project spread across 7 acres. Sharma and father also own another apartment in the same project purchased in 2013 for ₹5.70 crore, rented out October 2024 for ₹2.65 lakh per month. Lower Parel is prime residential and commercial hub with connectivity to BKC and Nariman Point.

Raymond Realty expects FY27 revenue growth of at least 20% and pre-sales growth above 20%, supported by a ₹4,100 crore launch pipeline. Its gross development value (GDV) is ₹52,000 crore: ₹25,000 crore from owned land and ₹27,000 crore from JDAs. Launched-but-unsold projects account for ₹15,700 crore and unlaunched projects for ₹24,000 crore.

Eight JDA projects have ₹27,000 crore revenue potential; four in Bandra East, BKC, Wadala and Sion are launched, with ₹11,500 crore potential. The company expects six of eight to launch by FY27-end. Two Mahim projects, with GDVs of ₹2,500 crore and ₹2,000–2,200 crore, are expected in Q3 and Q4; together they cover 0.80 million sq. ft. A Parel JDA has ₹8,500 crore GDV and may launch about 18 months after signing, subject to approvals.

FY27 targets include 17–19% EBITDA margin, 9–10% PAT margin and 20% ROCE. As of September 2026, borrowings were ₹1,220 crore, liquidity ₹306 crore and net debt ₹914 crore. Q2 FY27 pre-sales rose 98% YoY to ₹902 crore; H1 reached ₹1,602 crore, up 111% from ₹760 crore. Q2 collections rose 67% to ₹682 crore.

Central Railway’s Sunday maintenance block on October 4, 2026, closes Main line slow tracks between Chhatrapati Shivaji Maharaj Terminus (CSMT) and Vidyavihar from 10:55 am to 3:55 pm. Down slow trains from CSMT, 10:48 am–3:45 pm, and up slow trains from Ghatkopar, 10:19 am–3:52 pm, divert to the fast line and stop at Byculla, Parel, Dadar, Matunga, Sion and Kurla; Chinchpokli and Currey Road are skipped.

Harbour line services between Panvel and Vashi are suspended 11:05 am–4:05 pm. Up Panvel–CSMT trains, 10:33 am–3:49 pm, and down CSMT–Belapur/Panvel trains, 9:45 am–3:12 pm, are cancelled. Trans-Harbour Panvel–Thane up trains, 11:02 am–3:53 pm, and Thane–Panvel down trains, 10:01 am–3:20 pm, are cancelled; Thane–Vashi/Nerul services continue. CSMT–Vashi specials will run during the block.

Alternatives include fast trains, interchange at Dadar, Metro Lines 1 and 3, NMMT buses between Vashi and Thane, and BEST buses on CSMT–Dadar–Sion–Kurla. Yatri and NTES provide status updates; call 139. UTS tickets can be cancelled before printing, with refunds to R-Wallet; reserved-train cancellations are refunded automatically. Marathon night specials left Kalyan and Panvel early.