The UK Consulate has finalised the purchase of 12 premium office units in Mumbai’s One Lodha Place, a prime business tower developed by Macrotech Developers (Lodha Group). The deal, valued at ₹101.2 crore, marks a significant addition to Mumbai’s commercial real estate activity in 2024.

The newly acquired office spaces, located on the 19th floor of the Lower Parel property, span a carpet area of 14,883 sq ft. The transaction includes 14 dedicated car parking spaces and benefits from an exemption on stamp duty under the Maharashtra Stamp Act of 1958, which applies to diplomatic missions and consulates. The sale deed was officially registered on May 28, 2024, according to documents accessed by Propstack.

The property will be the new location for the British Deputy High Commission, currently housed at Naman Chambers in Bandra East. This relocation is a strategic move to establish the consulate in the city’s bustling business district, offering enhanced connectivity and upgraded facilities.

Strategic Location with Premium Amenities

One Lodha Place on Senapati Bapat Marg in Lower Parel offers a prime location in Mumbai’s commercial landscape. The tower is a mere 10-minute drive from the Bandra-Worli Sea Link, a walking distance from Lower Parel railway station, and a short commute from Mahalaxmi station, making it an ideal choice for business operations.

The tower is renowned for its state-of-the-art infrastructure and premium amenities, cementing its status as one of the most sought-after commercial spaces in the city. Its proximity to major transport hubs and other business landmarks further enhances its appeal.

A Boost for Mumbai’s Real Estate Market

This high-profile transaction underscores Mumbai’s growing stature as a global business destination. It also highlights the continued demand for Grade A office spaces in strategic locations driven by domestic and international entities.

The UK Consulate’s acquisition reflects the city’s ability to attract high-value investments in commercial real estate. It also showcases the appeal of developments like One Lodha Place, which combines modern facilities with prime connectivity.

As Mumbai’s real estate market thrives, transactions like this reinforce its position as a pivotal hub for global and diplomatic operations, bridging international relations and economic growth.