Kwality Wall’s has leased a fully managed, 180-seat premium office at Oberoi Commerz II in Goregaon, Mumbai, for ₹89.5 lakh per month. The 5-year contract includes a rare 60-month lock-in, an annual 5% escalation, and extensive workspace amenities from Tablespace Technologies, marking a notable long-term deal in Mumbai’s Grade-A office market.
Kwality Wall’s (India) has entered one of Mumbai’s most noteworthy commercial workspace transactions by securing an exclusive, fully fitted office at Oberoi Commerz II in Goregaon East. The registered agreement, filed on November 27, 2025, shows the company will pay a starting rent of ₹89.5 lakh per month, supported by a security deposit of ₹2.685 crore. The lease has been signed with Tablespace Technologies Limited, the workspace operator and sub-licensor.
A 60-Month Contract with a Rare Lock-In
According to documents analysed by CRE Matrix, the agreement spans 60 months with an equivalent 60-month lock-in period—a structure rarely seen in Mumbai’s commercial leasing environment, where shorter commitments are more common. The deal includes a 5% annual escalation, reflecting rent trends in established Grade-A micro-markets such as Goregaon’s business district.
Fully Managed Office Designed for Scale
The new office was delivered fully furnished and operational on December 1, 2025, as detailed in the registered annexures. Kwality Wall’s will occupy 180 workstations along with a well-appointed suite of executive and team spaces tailored for large operational teams.
The layout includes four director cabins, a dedicated 10-seater meeting room, two 8-seater boardrooms, multiple smaller meeting spaces, and six private phone booths—signalling a clear focus on collaboration, leadership functions, and hybrid-ready workspace design.
Operator and Occupier Duties Clearly Defined
The service and occupancy agreement outlines detailed compliance, operational, and financial obligations for both sides. As the operator, Tablespace must ensure the continuous availability of the facilities and amenities listed in the contract. Kwality Wall’s is required to use the premises strictly for business purposes and comply with all government and GST regulations. The document also states that termination is not permitted during the lock-in, further underscoring the high-commitment nature of the deal.
Strengthening Managed Office Demand in Goregaon
This transaction highlights the growing preference among large enterprises for premium managed offices that offer flexibility without operational burden. With a high-value rental, full-service delivery, and a rare long-term lock-in, the deal reinforces Goregaon East’s position as a rising Grade-A commercial hub. It signals strong future demand for turnkey, enterprise-grade workspace solutions across Mumbai.
