Nadiadwala Grandson Entertainment Private Limited has entered into another office lease arrangement with Rhea and Dia Enterprises at Lotus Grandeur in Andheri West, Mumbai. According to reports from CRE Matrix, the 11-month deal covers two office units on the eighth floor of Lotus Grandeur, located on Veera Desai Road Extension. The monthly licence fee has been fixed at ₹5 lakh, translating into ₹55 lakh over the 11-month tenure. Unlike a conventional lease involving a security deposit, the entire licence fee for the 11-month period was paid in advance on September 16, 2026. The agreement was registered on September 21, 2026, as per property documents accessed by CRE Matrix.
The licence period begins on November 1, 2026, and runs through September 30, 2027. As reported by CRE Matrix, the agreement provides a fit-out period from September 21 to October 31, during which the tenant can undertake fit-out work before the rent commencement date. The premises come with two reserved car parking spaces at the stilt level, included in the lease arrangement.
The latest transaction is notable because the same parties had entered into another agreement for office premises on the same floor of Lotus Grandeur earlier this year. According to CRE Matrix, that earlier agreement covers Office Premises Nos. 803 and 804, with a 28-month licence tenure beginning August 1, 2026. The monthly licence fee was fixed at ₹8.27 lakh, with a 5% escalation every 12 months and a ₹30 lakh security deposit. The total rent over the tenure, after accounting for the escalation, works out to about ₹2.46 crore. The earlier agreement also includes two car parking spaces, matching the current arrangement.
Taken together, the two agreements indicate that Rhea and Dia Enterprises has taken four office units on the eighth floor of Lotus Grandeur from Nadiadwala Grandson Entertainment, although the two transactions have different tenures and rental structures. As reported by CRE Matrix, the latest deal is smaller in duration and rental value than the earlier 28-month agreement, but carries the unusual feature of the entire ₹55 lakh licence fee being paid upfront. The combined portfolio demonstrates the sustained demand for office space in the premium Andheri West location.
