NCC Ltd, an infrastructure major, has made a significant investment in the commercial real estate market of Mumbai by purchasing a premium office space in Andheri East for ₹18.5 crore, as per property registration documents. The office is on the 9th floor of Kanakia Wallstreet, a building which has been the centre of attraction lately due to the various high-profile buyers it is hosting, among them Bollywood actor Saif Ali Khan, who bought two units on the same floor earlier this month.
The new office has a carpet area of 3,318 sq ft and comes with three parking spaces, according to the documents which were obtained by Volney, a real estate advisory firm that facilitated the transaction. The office was a property of US-based Apicore Pharmaceuticals and has been purchased by NCC Ltd for the potential self-use of the company
Volney, the advisory firm that facilitated the transaction, stated, “The transaction covers office unit 903 in the A Wing of Kanakia Wallstreet, featuring a carpet area of 3,318 sq. ft. and a saleable area of 5,641 sq. ft. It also includes three dedicated parking spaces. The property, previously owned by US-based Apicore Pharmaceuticals, has been purchased for potential self-use.”
The transaction was officially recorded on the 19th of November 2025 with a stamp duty of ₹1.11 crore and a registration fee of ₹30,000, which is an indication of the continued high-end commercial property market in Mumbai.
The building, in fact, has been the center of attention recently due to the Bollywood actor Saif Ali Khan, who owns two office units on the 9th floor. As per the registration records, Saif made these purchases on the 18th of November 2025 for a total consideration of ₹30.75 crore. The total area of these units is 5,681 sq ft and the purchase also comprises six parking spaces. The closeness of NCC Ltd’s office to the units owned by the celebrities of the showbiz world is a clear indication of the accelerating trend of premium commercial properties in Mumbai becoming the choice of both corporates and celebrities.
“The acquisition of this office space by NCC Ltd reinforces the continued demand for premium commercial real estate in Mumbai. Kanakia Wallstreet has emerged as one of the most dynamic corporate hubs in the city, attracting investors and enterprises that value both quality infrastructure and strategic location,” said Rohan Sheth, Founder at Volney.
Sheth added that the increased involvement of big corporations, institutional investors, and infrastructure firms in the market is just the tip of the iceberg of a broader trend. This trend shows that companies are not only increasing their operational footprint but are also purchasing long-term real estate assets that mirror their size, stability, and trust in the urban growth of the city.”
Kanakia Wallstreet has been a favorite location for central business district (CBD) in Mumbai to evolve gradually and of late is catching the fancy of corporate giants and celebrities alike. In the beginning part of the current year, Bollywood actor Hrithik Roshan and his father Rakesh Roshan bought three office units in the same building for ₹31 crore through their company, HRX Digitech LLP, showing the area’s continuous demand for elite office space.
The surrounding commercial environment also stays packed with new activities. To illustrate, Elon Musk’s Starlink Satellite Communications Private Limited has recently signed a lease agreement for a 1,294 sq ft office in the Chandivali area of Mumbai for five years, agreeing to pay a total rent of ₹2.33 crore, which is a strong indication of continued interest in top-grade office spaces in areas that are well-planned and strategically located.
The recent acquisition of NCC Ltd is a prime example of the city's commercial property market that is robust and vibrant. Here, the phenomenon of the infrastructure firms, corporates, and high-net-worth individuals investing in long-term assets is becoming more and more apparent. The synergy of good quality infrastructure, well-thought-out location, and prestige neighborhood is what is still attracting investors to the commercial real estate sector in Mumbai.
Kanakia Wallstreet continues to be a favored location for corporate expansions and units owned by celebrities, which is a clear indication of Mumbai's status as one of the most liveable and attractive commercial hubs of India. The city has certainly come a long way in securing its place among the top commercial hubs of the nation.
Image- kanakia.com
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