Nomura Financial Advisory and Securities Private Limited has leased 38,478 square feet of office space in Mumbai's Worli at a monthly rent of nearly ₹2.79 crore, which translates into a monthly rental of ₹435 per square foot. According to deal-related documents accessed via Propstack, the space is spread across the 26th and 27th floors at Altimus, a Grade A commercial tower developed by K Raheja Corp. The agreement has been signed for a tenure of 10 years, with a security deposit of ₹25.11 crore being paid by Nomura. The lease also carries a 5 per cent annual escalation in rentals.
The fresh lease, commencing April 1, 2026, covers a chargeable area of 64,130 square feet and the lease deed was registered on April 29, 2026. The space is leased from Whispering Heights Real Estate Private Limited, a joint venture of the K Raheja Corp Group and GIC of Singapore. According to Propstack, Worli is a premium commercial real estate micromarket with average office space rent of ₹300 per square foot per month based on deals across the last 12 months. Meanwhile, the average rent in Altimus is ₹420 per square foot.
Altimus is spread across 3.10 acres, with a developed area of 1.12 million square feet and a total leasable area of 1.12 msf. As reported by Propstack, Altimus also hosts offices of companies including KKR, Barclays, UBS, Morgan Stanley, and TPG. The tower is a Grade A commercial property developed by K Raheja Corp.
According to Knight Frank India, Mumbai recorded office transactions of 5.6 million square feet in the first quarter of 2026 (Q1 2026), up 60 per cent year-on-year. Global capability centres (GCCs) and India-facing businesses led the transaction momentum. Average rents in the city during Q1 2026 grew 7.5 per cent year-on-year. Email queries sent by Business Standard to Nomura and K Raheja Corp are yet to be answered.
