Amazon India Leases Office Space in Vikhroli, Mumbai

Amazon India has made a significant investment in Mumbai's commercial real estate by leasing over 1.14 lakh sq. ft. of office space in the Vikhroli area. This move marks an expansion of the company's presence in the city's eastern business corridor, highlighting the growing appeal of this locality for corporate operations.

Details of the Lease Agreements

The long-term lease agreements, which span five years, were finalized across four separate contracts. The combined starting monthly rent for these leases exceeds Rs. 1.73 crore. The largest lease, signed by Amazon Seller Services, encompasses 42,700 sq. ft. of space with a starting monthly rent of Rs. 78.56 lakh. Additionally, this agreement includes 37 car parking slots, of which 27 are provided free of charge, while the remaining 10 slots are available for a monthly fee of Rs. 8,508.55 each.

Additional Office Spaces for Amazon Entities

Other entities within the Amazon group have also secured office spaces in Vikhroli. Amazon Development Centre India has leased 19,926 sq. ft., Amazon Data Services India has taken 16,447 sq. ft., and Amazon Smart Commerce Solutions has acquired 15,181 sq. ft. All these leases come with a uniform rent of Rs. 184 per sq. ft. Furthermore, the agreements include a total of 133 car parking spaces, with 100 of these offered free of charge.

Implications for the Vikhroli Market

This expansion by Amazon signals a strong commitment to the Mumbai commercial real estate market, particularly in emerging business districts like Vikhroli. The area is increasingly becoming a viable alternative to traditional business hubs such as Bandra-Kurla Complex and Worli. Our listing data indicates that Vikhroli currently has 41 active sale listings, with a median asking rate of about ₹40,900 per sq. ft. carpet. This suggests a competitive market environment, which may attract further investments from other companies looking to establish a presence in this growing locality.

Conclusion

The recent leasing activity by Amazon in Vikhroli not only reflects the company's expansion strategy but also underscores the potential of the area as a commercial hub. For businesses considering a move to Vikhroli, the availability of office space and competitive rental rates present an attractive opportunity. As the area continues to develop, it may become a focal point for other organizations seeking to capitalize on the benefits of being in Mumbai's eastern business corridor.