Bollywood actor Salman Khan’s premium commercial property on Linking Road in Mumbai’s Santacruz has secured a fresh lease renewal from Future Retail at a monthly rental of nearly ₹90 lakh. Property registration documents accessed by CRE Matrix confirm the transaction.
The renewal comes at a time when Future Retail continues to navigate financial and restructuring challenges, making the retention of this marquee retail location particularly notable. The property continues to house the flagship Foodhall store, one of the brand’s most prominent destinations in Mumbai.
Deal Details
The lease has been renewed through Future Retail’s wholly-owned subsidiary TNSI Retail for a period of two years. The commercial space spans approximately 30,000 sq. ft. across four floors, making it one of the larger retail footprints on Linking Road.
The agreement includes a structured rental escalation after the first year, along with a security deposit of over ₹2.5 crore, reflecting the premium commanded by high-footfall retail assets in established commercial corridors. Future Retail had originally occupied the property in 2017, and the latest renewal further reinforces the long-term value of this location.
Linking Road Continues to Attract Premium Retail Occupiers
Linking Road remains one of Mumbai’s most sought-after high-street retail destinations, attracting leading fashion, food, and lifestyle brands. Limited supply of large-format spaces, combined with consistent consumer footfall, continues to support strong rental values in this micro-market.
The continued occupancy of this property highlights how established retail corridors remain resilient despite broader economic uncertainty, with brands prioritising visibility, accessibility, and established customer catchments.
CRE Matrix View on Mumbai’s High-Street Leasing Activity
According to insights from CRE Matrix, premium commercial assets across key retail corridors such as Linking Road continue to witness healthy leasing momentum and sustained occupier demand. Transactions of this scale reinforce investor confidence in Mumbai’s high-street retail segment, where location-driven assets continue to command long-term tenant commitment and premium rentals.
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