Indian stock broking firm Sharekhan Limited has sold its office space in Mumbai’s Dadar locality for ₹45 crore, according to property registration documents accessed by CRE Matrix. The transaction highlights continued demand for quality commercial assets in prime central Mumbai locations.
The company had originally acquired the office space in November 2010 for a little over ₹31 crore. With the latest transaction, the asset has recorded an appreciation of over 42% in around 15 years. This indicates the long-term value of well-located commercial real estate in the city.
The property has been purchased by DE-Max Fincap Advisors Private Limited, which already operates out of the same building. The transaction reflects an expansion or consolidation move by the buyer, leveraging familiarity with the building and its strategic location.
As per the registration documents, the deal involved a stamp duty payment of ₹3.27 crore. Additionally, it included a registration fee of ₹30,000. Sharekhan sold the office space along with 20 car parking spaces. The parties officially registered the agreement on December 3, 2025.
The office unit has a carpet area of 11,820 sq ft and is located on the 18th floor (South West Wing) of the 20-storey commercial tower ‘The Ruby’. Positioned near Dadar railway station, the building enjoys excellent connectivity and proximity to Mumbai’s key central business corridors. This makes it a highly sought-after address for financial and professional services firms.
Recent Transactions
Recent office space transactions in Mumbai reflect sustained corporate demand for premium, well-connected commercial assets. This demand is driven by consolidation, long-term investment strategies. It also reflects strong confidence in Mumbai’s key business districts despite evolving workplace dynamics.
In a recent transaction, Sporta Technologies Private Limited, Dream11’s Parent Company, secured a 1.70 lakh sq ft office lease in Worli for ₹334 Crore. In another transaction, Amazon renewed its lease for over 94,000 sq ft of office space at Godrej Two in Vikhroli for a five-year term, with a monthly rent of ₹1.73 crore.
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