Mumbai Firm NCC Buys ₹18.5 Crore Andheri Office In Saif Ali Khan Building

Mumbai’s commercial property market recorded another significant transaction this month as infrastructure major NCC Ltd acquired an office unit in Andheri East for ₹18.5 crore, underscoring renewed corporate interest in Grade-A workplaces within established business corridors. The purchase, lodged in mid-November, adds to a series of high-value deals in the same building by business leaders and entertainment industry professionals, signalling confidence in the city’s long-term urban growth.

According to registration documents reviewed by a real estate advisory firm, the company has bought a 3,318 sq ft carpet-area office on the ninth floor of Kanakia Wallstreet, a commercial complex that has evolved into a preferred address for firms seeking well-connected, energy-efficient office environments. Three parking slots are part of the deal, while applicable stamp duty and registration charges took the total transaction cost higher.Industry observers note that the office was previously held by a multinational pharmaceutical company and has likely been acquired for the infrastructure firm’s operational requirements. “Deals of this scale in established suburban business districts reflect how companies are consolidating operations in buildings that offer modern infrastructure, flexible layouts and better environmental performance,” said a property consultant familiar with the transaction. Many newer commercial developments in Andheri East now incorporate upgraded ventilation, daylight access and energy-management systems, aligning with the city’s broader transition towards sustainable workplaces.

Notably, the building has seen several prominent purchases in recent months. Two adjacent units on the same floor were bought last week by a well-known film industry professional through a commercial investment worth over ₹30 crore. Earlier this year, another renowned family from the entertainment sector purchased multiple office spaces in a nearby complex, adding to the cluster’s profile as a preferred micro-market for both corporate occupiers and high-net-worth investors.Experts point out that Andheri East’s appeal stems from its multi-modal connectivity, supply of modern office stock and proximity to the airport. Over time, the district has also matured into a mixed-use urban node with housing, transport, and social infrastructure in close proximity an increasingly important requirement for companies prioritising employee wellbeing and low-carbon commuting patterns.

Real estate analysts say the growing participation of infrastructure firms, global corporates and institutional investors indicates confidence not only in the office market’s recovery but also in Mumbai’s long-term urban resilience. “Large enterprises are using this period to secure strategically located assets that reflect stability and align with sustainability-oriented workplace design,” said an independent urban economist. As Mumbai continues to densify, real estate specialists emphasise the need for commercial hubs to meet rising expectations for energy-efficient buildings and inclusive access. The latest transactions at Kanakia Wallstreet highlight how demand is moving towards spaces that integrate modern design with environmentally conscious operations an essential step as Indian cities work towards more sustainable and equitable urban futures.

Mumbai Firm NCC Buys ₹18.5 Crore Andheri Office In Saif Ali Khan Building