Singer Sonu Nigam has leased out a commercial property in Santacruz East, Mumbai for a rent that exceeds ₹12.61 crore for a span of five years. The leased property is at the Trade Centre BKC building which has a carpet area of 4,257 sq ft, as per the documents obtained from SquareYards. The lease agreement was registered on December 2, 2025. The transaction documents show that the deal was carried out with a stamp duty of ₹3.27 lakh, registration charges of ₹1,000, and security deposit of ₹90 lakh.
The lease agreement is for five years with a monthly rent of ₹19 lakh for the first year. The rent of the second year is escalated by 5.26% resulting in ₹20 lakh per month. Thereafter the rent increases by 5% every year from the third year and is ₹21 lakh in the third year, ₹22.05 lakh in the fourth year, and ₹23.15 lakh in the fifth year. Hence, this rental plan leads to a total expenditure of ₹12.62 crore for the entire lease period.
The comercial real estate has been leased to Pattni Hospitality, the operator of Downtown 29 café and bar, a deal that signals the continuation of the commercial demand in the office markets of Santacruz East and Bandra Kurla Complex.
Playback singer Kailash Kher too bought a commercial office unit in the same building on November 7, 2025, for ₹10.5 crore as per Propstack. The office space is 2,619 sq ft , carpet area and is situated on the 7th floor of Trade Centre BKC. N&T Family Private Trust, previously known as IL&FS Trust Company Ltd, was the seller. The deal was accompanied by a stamp duty of more than ₹63 lakh and a registration fee of ₹30,000.
The recent deals of Nigam and Kher are a clear indication of the mounting activities not only in the Trade Centre BKC building but also in the commercial real estate market of Mumbai’s Santacruz East and BKC corridor. These transactions are the signs of a continuous trend of the high-profile individuals who are either directly buying or long-term leasing office spaces, hence, making use of prime locations both for commercial and investment purposes.
As a result of these deals, Trade Centre BKC building has become a significant address for the commercial activities not only attracting the celebrity investors but also the hospitality operators who are already established. The interweaving of long-term leases and direct purchases reveals the heightened demand for the well-located office spaces in the luxury commercial districts of Mumbai and is a reflection of market confidence as well as strategic preferences of location among buyers and tenants.
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