Sony Pictures Networks’ Culver Max Entertainment Private Limited has leased a massive premium commercial office space in Mumbai for rent of total consideration of ₹144 crore. This landmark deal further strengthens Goregaon’s reputation as one of Mumbai’s most prominent entertainment and business hubs.
Sony Pictures Leases Large Office Space in Mumbai for Rent for ₹144 Crore
Sony Pictures Networks, through its group company Culver Max Entertainment Private Limited, has taken on lease approximately 73,646 square feet of Grade-A commercial office space at Commerz III, located near Oberoi Mall on the Western Express Highway in Goregaon East. The leased property spans across the 19th and 20th floors of the building and has been secured for a five-year tenure, reflecting the growing preference for premium office space in Mumbai for rent.
According to property registration documents, the lease agreement will commence on June 1, 2026, and continue until May 31, 2031, covering a total period of five years. The starting monthly rent for the first 36 months is ₹2.27 crore, which will escalate to ₹2.61 crore per month for the following 24 months.This structured escalation highlights the rising demand and premium valuation of office space in Mumbai, particularly in strategically located business districts such as Goregaon, which offer excellent connectivity and proximity to key commercial zones.
As part of the lease agreement, Sony Pictures has paid a security deposit of ₹20 crore. In addition, stamp duty of ₹38 lakh and a registration fee of ₹1,000 were paid to complete the transaction.The lease also includes 80 dedicated parking spaces for employees and visitors. Moreover, the agreement provides an option for 20 additional parking slots at ₹5,000 per month per slot, while any extra parking space beyond this will be charged at ₹7,500 per month. Such comprehensive parking facilities significantly enhance the appeal of commercial office space in Mumbai for rent, particularly for large corporate occupiers.
Goregaon occupies a strategic position in Mumbai’s commercial and entertainment ecosystem. Widely regarded as the hub of the Indian film and television industry, the suburb houses the iconic Dadasaheb Phalke Chitranagari (Film City), where daily shoots of Hindi and Marathi films, television serials, web series, and digital content are conducted.The region has long-standing associations with Bollywood, with numerous actors, producers, directors, and technicians maintaining professional and residential links with the area. Additionally, prominent developments such as Mindspace IT Park, Oberoi Mall, Inorbit Mall, and multiple high-end commercial complexes have significantly boosted the demand for office space in Mumbai for rent in the Goregaon corridor.
Goregaon’s strategic location between Andheri and Borivali ensures excellent connectivity via the Western Express Highway, Link Road, Mumbai suburban railway network, and the Mumbai Metro. This seamless accessibility has made Goregaon a highly preferred destination for corporate offices, further accelerating demand for office space in Mumbai for rent.
Under the agreement, Sony Pictures has leased 31,000 square feet on the 19th floor and 42,000 square feet on the 20th floor, totalling approximately 73,646 square feet. This large, contiguous workspace will allow the company to centralize operations,enhance collaboration, and improve operational efficiency.
This transaction reflects the continued resilience and expansion of the office space in Mumbai for rent market, especially in premium micro-markets such as Goregaon. Over recent years, the area has witnessed several high-value commercial leasing deals,driven by IT companies, entertainment firms, media houses, startups, and multinational corporations. Previously, a large office area measuring over 100,000 square feet on the 16th floor of the same Commerz III building was leased for a long-term tenure, highlighting sustained corporate interest in this commercial complex.
The Sony Pictures lease deal further cements Goregaon’s status as a high-demand commercial destination. With continuous infrastructure development, metro expansion, and redevelopment projects, Goregaon is rapidly emerging as a preferred alternative to traditional business hubs such as Bandra-Kurla Complex (BKC) and Lower Parel. Industry experts believe that such high-profile transactions will continue to drive rental growth, investor confidence, and long-term demand for office space in Mumbai for rent.
