Maniesh Paul, the celebrated Bollywood actor and ‘Sultan of Stage,’ has stepped into the spotlight with a sharp real estate move. In an exciting development, Maniesh Paul rents out Mumbai office space in the premium Morya Grand commercial complex in Andheri West. The property, leased at a staggering ₹2 lakh per month, highlights the star’s keen understanding of Mumbai’s growing real estate market.
With Andheri West enjoying the ever-booming location of a business hub, this commercial property lease promises the increasing demand for office space for rent in Mumbai. But what makes this story so fascinating? The city continues to flourish as a centre for commerce and creativity, and such high-profile transactions underline the potential of Mumbai office rental as a lucrative investment.
The TV Host’s Smart Step into Real Estate
Bollywood celebrities are no strangers to making headlines in the real estate market, and Maniesh Paul is no exception. However, this time, it’s not his on-screen charisma but his off-screen business acumen that has captured attention. Maniesh Paul’s Mumbai office in the premium Morya Grand commercial complex, Andheri West, is evidence of his strategic investment choices.
The 1,200 sq. ft. office space, purchased for ₹2.25 crore in 2023, is now leased for ₹2 lakh per month, with an incremental clause increasing the rent to ₹2.14 lakh in the second year. This deal highlights the rising demand for commercial property leases in Mumbai and reflects Maniesh Paul’s ability to tap into the growing commercial real estate market.
Beyond its financial aspects, the property’s location is a major asset. Andheri West is a magnet for businesses, media houses, and creative professionals, making it a hotbed of activity. Renting out this office space at a premium rate secures Paul a steady rental income and establishes him as a savvy player in Mumbai’s real estate scene.
The Lease Deal
Maniesh Paul’s Mumbai office space in the Morya Grand commercial complex is leased for ₹2 lakh per month, with a 7% annual escalation, increasing to ₹2.14 lakh in the second year. The agreement includes an upfront ₹8 lakh security deposit, highlighting the premium nature of this commercial property lease.
Spotlight on the Property: Morya Grand Complex
The Morya Grand commercial complex in Andheri West, where Maniesh Paul rents Mumbai office space, is a premium commercial real estate spot. According to a Square Yards report, the leased property, which covers 0.69 acres, is 1,200 sq. ft. (~111.48 sq. m.) and part of a ready-to-move commercial project developed by Nakta Investment Pvt Ltd. It is spread across 0.69 acres.
The location is close to Western Express Highway, Mumbai Metro Line 1, and domestic and international airports. Additionally, the property offers seamless connectivity to key business hubs like Bandra, Juhu, and BKC. Its modern infrastructure, advanced security systems, and ample parking make it a top business choice. The surrounding area, with landmarks like Versova Beach and Yash Raj Studios, further enhances its appeal by blending work with vibrant cultural experiences.
Key Features of the Property:
| Feature | Details |
| Property Size | 1,200 sq. ft. |
| Monthly Rent | ₹2 lakh (increment to ₹2.14 lakh) |
| Location | Andheri West |
| Excellent Connectivity | Near Western Express Highway, Metro Line 1, and airports |
| Nearby Landmarks | Versova Beach, Yash Raj Studios |
| Amenities | Modern infrastructure, security, parking |
Why Andheri West Is a Commercial Hotspot
Regarding office space for rent in Mumbai, Andheri West consistently steals the spotlight. The address has earned its reputation as a popular commercial hub in Mumbai, attracting businesses, media houses, and creative professionals. Here’s why it stands out:
- Prime Location: Situated strategically near the Western Express Highway and Mumbai Metro Line 1, it offers seamless connectivity to major business hubs like Bandra-Kurla Complex (BKC) and Juhu.
- Close to Airports: Its proximity to domestic and international airports makes it convenient for frequent business travellers.
- Prestigious Surroundings: Landmarks like Versova Beach, Yash Raj Studios, and upscale cafes create an inspiring blend of work and leisure.
- Modern Infrastructure: Properties like the Morya Grand commercial complex provide state-of-the-art facilities, advanced security systems, and ample parking, catering to the needs of premium businesses.
- High Rental Yields: According to Square Yards, rental values in Andheri West have consistently appreciated, making it a sought-after location for tenants and landlords.
With its unbeatable mix of connectivity, infrastructure, and prestige, Andheri West is a magnet for those seeking office space for rent in Mumbai.
Square Yards In Spotlight: Media Credits
Renowned media platforms such as News18, Business Standard, Hindustan Times, Economic Times Realty, Square Feat India, Times Now, and NewsBytes have highlighted Square Yards’ efforts and insights in covering the story of Maniesh Paul’s Mumbai office lease. This recognition underscores Square Yards’ expertise in bringing impactful real estate narratives to the forefront.
