Julius Baer Rents Office Space for ₹102.6 crore

A major office lease in Andheri East has once again highlighted the connection between Mumbai’s commercial hubs and surrounding residential markets.

Julius Baer has leased around 74,000 sq ft at Waterstones Business Park for five years. While primarily a commercial transaction, large corporate offices contribute to the employment base that supports residential rental demand across nearby locations.

Andheri East already has established business clusters around Marol, Chakala, MIDC and SEEPZ. Its airport access, Metro connectivity and links to the Western Express Highway make the location accessible from several residential markets.

Professionals working here can consider homes across Andheri East and West, Powai, Vile Parle, Jogeshwari, Goregaon and other connected locations depending on their budgets and commuting preferences.

For landlords, continued corporate expansion can help create a deeper tenant pool. For resale buyers, proximity to a major employment centre can also improve the attractiveness of a residential location, particularly where connectivity and social infrastructure are already established.

However, a single corporate transaction does not automatically result in higher rents or property values. The more important indicator is sustained office occupancy and employment growth over time.

Key takeaway: Continued commercial activity in Andheri East can support rental and resale demand across surrounding residential micro-markets.