{"id":2749,"date":"2024-08-30T04:26:00","date_gmt":"2024-08-29T22:56:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=2749"},"modified":"2026-04-23T17:11:09","modified_gmt":"2026-04-23T11:41:09","slug":"it-park-sold-for-%e2%82%b9335-crore-in-mumbais-malad","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/it-park-sold-for-%e2%82%b9335-crore-in-mumbais-malad\/","title":{"rendered":"IT Park Sold for \u20b9335 Crore in Mumbai\u2019s Malad"},"content":{"rendered":"\n

Property Ventures (India) Pvt Ltd, a subsidiary of RK Marbles, has sold an IT Park in Malad, Mumbai, to Clear Bridge Ventures LLP for \u20b9335 crore, according to property registration documents accessed by CRE Matrix<\/a>. The transaction highlights continued activity in Mumbai commercial real estate, particularly in established suburban office markets.<\/p>\n\n\n\n

Deal Details <\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

The transaction was registered on August 23, 2024. The stamp duty paid for the deal amounted to \u20b921.85 crore. Such large-scale commercial real estate transactions typically reflect strong institutional interest in income-generating office assets.<\/p>\n\n\n\n

Malad as a Commercial Micro-Market<\/strong><\/strong><\/h2>\n\n\n\n

From a location perspective, Malad has emerged as a key commercial hub in Mumbai\u2019s western suburbs. The area has seen steady growth in office developments, supported by improving infrastructure and connectivity.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Office Asset Trends in Mumbai\u2019s Commercial Market<\/strong><\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Investment Trends in Mumbai\u2019s Commercial Real Estate<\/strong><\/h2>\n\n\n\n

From an investment perspective, this \u20b9335 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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>. <\/p>\n\n\n\n

Media Mentions<\/strong><\/h2>\n\n\n\n