Amazon Renews Rs 1.73 Crore Monthly Lease at Godrej Green Homes

Amazon has renewed its lease for over 94,000 square feet of office space in the Godrej Two building, located in the Vikhroli area.

The renewal, valued at ₹1.73 crore per month, is set for a duration of five years, reflecting the company’s continued reliance on this prime business district as a central hub for its operations. According to official property registration documents accessed from CRE Matrix, the lease agreement between Amazon and Godrej Green Homes Pvt Ltd spans the period from January 2025 to December 2029. This transaction also includes 60 parking spaces, of which 20 are designated for paid parking, with a fee of ₹8,508 per space per month. The office space itself occupies the seventh floor of Godrej Two, a Grade-A office building situated along the Eastern Express Highway in Vikhroli, Mumbai’s bustling commercial and industrial corridor.

The new lease agreement covers office units occupied by four of Amazon’s group companies: Amazon Seller Services Pvt Ltd, Amazon Development Centre India Pvt Ltd, Amazon Data Services India Pvt Ltd, and Amazon Smart Commerce Solutions Pvt Ltd. The total carpet area of the leased units is more than 58,000 sq ft, while the total area of over 94,000 sq ft includes additional space for common areas, such as corridors and utilities. As one of Mumbai’s most prestigious commercial buildings, Godrej Two stands as a significant player in the city’s real estate landscape, with a notable appeal among multinational companies seeking sustainable, high-quality workspaces. Launched in March 2021, the building has already achieved a 100% leasing status, which indicates the robust demand for such spaces across diverse sectors, including banking and finance, IT, logistics, pharmaceuticals, engineering, and manufacturing.

This renewed commitment to leasing the space further establishes Amazon’s stronghold in Mumbai’s commercial real estate market. The company’s continued presence in the building speaks volumes about its strategic approach to leveraging prime locations for its business operations. According to an official from Godrej Fund Management, Amazon’s renewed lease reaffirms the enduring popularity of Godrej Two as a premium commercial address that is in high demand across various industries. he building’s appeal lies not only in its prime location but also in its eco-friendly design, which includes LEED Platinum certification, marking it as one of the most sustainable office spaces in Mumbai. In today’s increasingly eco-conscious business environment, companies like Amazon are prioritising green building standards that align with their broader environmental goals.

The renewal comes at a time when many businesses are reassessing their office space requirements, particularly in the wake of the global pandemic, which forced many companies to rethink their reliance on physical office spaces. However, despite the rise of remote work and hybrid models, the demand for high-quality, sustainable office space in major urban centres like Mumbai has remained resilient. This lease renewal is particularly significant when viewed in the context of Amazon’s broader real estate footprint in Mumbai. Last year, Amazon Data Services Pvt Ltd made headlines when it took up a lease for 1.74 lakh square feet of freehold industrial land in Powai, Mumbai, at a rent of ₹2.59 crore per month. This is indicative of Amazon’s growing footprint in the city as it continues to expand its infrastructure to support its data services and logistics operations.

Moreover, in December 2024, Amazon Data Services Pvt Ltd also made a strategic move to purchase a 38-acre land parcel in Ambernath near Mumbai from Macrotech Developers, the parent company of Lodha Group, for ₹450 crore. This acquisition further underscores Amazon’s commitment to bolstering its infrastructure capabilities in the region. The renewal of Amazon’s lease in Godrej Two is not just an indicator of its long-term investment in Mumbai, but also of the city’s continued status as one of India’s most attractive destinations for commercial real estate investment. Mumbai’s central location, combined with its status as the financial capital of the country, makes it an essential base for global corporations looking to expand their footprint in India.

As Amazon continues to strengthen its presence in India, this lease renewal highlights the growing importance of commercial properties that meet both business and sustainability goals. The deal also reflects the changing nature of corporate real estate, where companies are increasingly looking for spaces that align with their values, including environmental sustainability and employee well-being. As businesses like Amazon make significant investments in office spaces, they also contribute to the broader urban landscape of Mumbai, helping to shape the future of commercial real estate in India. With the rapid urbanisation of cities like Mumbai, the demand for such premium office spaces is expected to continue rising, especially as more businesses seek locations that offer both high-end amenities and the capacity for sustainable growth. As experts note, this shift towards sustainability and eco-friendly design is not just a passing trend but an essential part of the future of commercial real estate.

The renewal of Amazon’s office lease in Godrej Two is a testament to the company’s confidence in the Mumbai market and its commitment to long-term growth in the region. As Mumbai continues to attract global businesses seeking premium office spaces that support sustainability, it is clear that the city’s real estate landscape will remain a vital player in shaping India’s economic future.

Amazon Renews Rs 1.73 Crore Monthly Lease at Godrej Green Homes