ABSA Fashions, led by designers Abu Jani and Sandeep Khosla, has leased a large office space in Mumbai’s Goregaon, according to documents reviewed by CRE Matrix.
The lease follows Reliance Brands’ majority investment in the label, marking the beginning of a broader expansion phase.
Deal Details
The leased office space spans approximately 102,000 sq. ft., covering 18 floors in a commercial building located in Goregaon, Mumbai. The agreement has been signed for a five-year tenure, with the total rental outflow estimated at over ₹60 crore during the lease period.
The lease includes a structured escalation clause, with rentals set to increase by around 12% after the initial three years, aligning with standard commercial leasing practices in metro cities.
In addition to the workspace, the agreement provides access to dedicated parking spaces and terrace areas, enhancing functionality for a growing team and business operations.
Strategic Expansion Backed by Reliance
The office lease follows the strategic investment by Reliance Brands, which acquired a 51% stake in the label. While the partnership brings financial strength and retail expansion opportunities, the designers continue to oversee the creative direction of the brand.
This expansion indicates a shift towards consolidating operations under a larger, integrated workspace, enabling better coordination across design, production, and business functions.
Mumbai’s Commercial Market Sees Diverse Demand
This transaction reflects a broader trend in Mumbai’s office market, where demand is no longer limited to traditional corporate occupiers. Creative industries such as fashion and lifestyle are increasingly leasing large-format office spaces.
Goregaon and other western suburbs are gaining traction as preferred commercial hubs due to better availability of space, relatively competitive rentals, and strong connectivity compared to central business districts.
Redevelopment and Commercial Growth in Suburban Mumbai
The micro-market continues to benefit from ongoing redevelopment and infrastructure upgrades. Older commercial structures are being replaced with modern office developments, catering to evolving business needs.
Such large leasing transactions highlight how Mumbai’s suburban landscape is transforming into a dynamic commercial ecosystem, attracting a wider mix of occupiers.
Outlook
The leasing of an 18-floor office by ABSA Fashions underscores the growing intersection of luxury fashion and commercial real estate. Backed by institutional investment and expanding business ambitions, the move positions the brand for its next phase of growth. At the same time, it reinforces Mumbai’s standing as a key destination for high-value commercial leasing activity across diverse sectors.
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Media Mention
- Economic Times: Abu Jani, Sandeep Khosla firm leases 18-floor Mumbai office
