{"id":986,"date":"2025-05-09T12:16:35","date_gmt":"2025-05-09T06:46:35","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=986"},"modified":"2026-02-26T10:24:27","modified_gmt":"2026-02-26T04:54:27","slug":"amazon-renews-%e2%82%b91-73-crore-monthly-lease-with-godrej-green-homes-in-mumbais-vikhroli","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/amazon-renews-%e2%82%b91-73-crore-monthly-lease-with-godrej-green-homes-in-mumbais-vikhroli\/","title":{"rendered":"Amazon Renews \u20b91.73 Crore Monthly Lease With Godrej Green Homes in Mumbai\u2019s Vikhroli"},"content":{"rendered":"\n

In a notable reaffirmation of Mumbai\u2019s commercial real estate potential, Amazon has renewed its lease for over 94,000 sq ft of office space at Godrej Two<\/em> in Vikhroli for a five-year term, with a monthly rent of \u20b91.73 crore. Located along the Eastern Express Highway, this Grade-A office development continues to attract top-tier tenants, with Amazon maintaining a significant presence through four of its group companies.<\/p>\n\n\n\n

According to documents sourced from CRE Matrix<\/a>, the leased premises span the 7th floor of Godrej Two and cover over 58,000 sq ft of carpet area. The lease includes 60 parking spaces, 20 of which are paid at a monthly fee of \u20b98,508 per space, and is secured with a 48-month lock-in period.<\/p>\n\n\n\n

As per the property registration documents, the first lease transaction involved portions of units 701, 702, and 703, comprising over 42,000 sq ft of leasable area, which was taken up by Amazon Seller Services Pvt Ltd at a monthly rent of more than \u20b978 lakh. The second transaction included parts of units 701, 702, 703, and 704, totaling approximately 19,926 sq ft, leased to Amazon Development Centre India Pvt Ltd for over \u20b936 lakh per month.<\/p>\n\n\n\n

In the third transaction, Amazon Data Services India Pvt Ltd leased portions of units 701 and 704, spanning 16,447 sq ft, at a monthly rent exceeding \u20b930 lakh. The fourth lease, involving unit 703 and measuring 15,181 sq ft, was secured by Amazon Smart Commerce Solutions Pvt Ltd for a monthly rent of over \u20b927 lakh.<\/p>\n\n\n\n

Karan Bolaria, MD & CEO of Godrej Fund Management, commented, \u201cAmazon has renewed its lease for office space on the 7th floor of Godrej Two, located along the Eastern Express Highway in Vikhroli, Mumbai. As one of the building\u2019s original tenants, Amazon\u2019s continued presence reaffirms the enduring appeal of Godrej Two as a premium commercial address.\u201d<\/p>\n\n\n\n

Launched in March 2021, Godrej Two is LEED Platinum certified and fully leased, reflecting the high demand for premium office spaces across sectors such as BFSI, IT, logistics, engineering, pharmaceuticals, and manufacturing. Amazon\u2019s renewal further cements Vikhroli\u2019s rising stature as a thriving business hub in the city.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h2>\n\n\n\n

Mumbai\u2019s commercial real estate market continues to show resilience with major office space lease renewal transactions. Corporate giants are reinforcing their long-term presence in the city\u2019s premium business hubs. This reflects strong demand for Grade-A office spaces, strategic locations, and top-tier infrastructure across key micro-markets like Vikhroli. <\/p>\n\n\n\n

In a recent transaction, HDFC Bank leased 4.5 Lakh sq ft of office space<\/a> in Mumbai\u2019s Andheri for \u20b91,020 crore. <\/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<\/em><\/strong><\/h3>\n\n\n\n