Property Ventures (India) Pvt Ltd, a subsidiary of RK Marbles, has sold an IT Park in Malad, Mumbai, to Clear Bridge Ventures LLP for ₹335 crore, according to property registration documents accessed by CRE Matrix. The transaction highlights continued activity in Mumbai commercial real estate, particularly in established suburban office markets.
Deal Details
In terms of the transaction, the IT Park is spread across 1.96 acres and is located in the Linking Road area of Malad West. The property is a ground-plus-six floors development with a total saleable area of approximately 1.47 lakh sq ft. It also includes 123 car parking spaces along with six additional vehicle slots.
The transaction was registered on August 23, 2024. The stamp duty paid for the deal amounted to ₹21.85 crore. Such large-scale commercial real estate transactions typically reflect strong institutional interest in income-generating office assets.
Malad as a Commercial Micro-Market
From a location perspective, Malad has emerged as a key commercial hub in Mumbai’s western suburbs. The area has seen steady growth in office developments, supported by improving infrastructure and connectivity.
Malad benefits from access to major arterial roads and suburban rail networks. It also connects well to other business districts in the western corridor, making it a preferred location for mid-sized corporate occupiers and investors.
Office Asset Trends in Mumbai’s Commercial Market
One of the key factors driving demand in suburban office markets like Malad is the availability of large, cost-effective commercial spaces. Compared to central business districts, these locations offer better scalability and relatively competitive pricing.
At the same time, properties with established occupancy and infrastructure continue to attract investor interest. Assets with features such as structured parking, efficient floor plates, and connectivity tend to command stronger valuations.
Investment Trends in Mumbai’s Commercial Real Estate
From an investment perspective, this ₹335 crore deal reflects ongoing momentum in Mumbai commercial real estate. Investors are increasingly focusing on income-generating office assets that offer stable returns and long-term value.
Rising demand for office spaces across suburban markets is also supporting this trend. As a result, locations like Malad continue to witness steady transaction activity, reinforcing their position within the broader market landscape.
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Media Mentions
- The Economic Times: Clear Bridge Ventures buys IT Park, 2-acre land in Mumbai’s Malad for Rs 335 cr
- Construction World: Clear Bridge Ventures Buys IT Park, 2 Acre in Mumbai for Rs 3.35 Bn
- Hindustan Times: Mumbai real estate deal: IT Park sold for ₹335 crore in Malad
- The Free Press Journal: Mumbai: Clear Bridge Ventures LLP Acquires Malad West IT Park For ₹335 Crore In Major Real Estate Deal
