Inorbit Acquires Mumbai's Historic Capitol Cinema Building: Heritage Renovation Plans Announced

Inorbit, part of the K Raheja Group, has acquired Nadir Company Private Limited, the leaseholding company of the historic Capitol Cinema building in south Mumbai. This acquisition was officially documented and filed with the Inspector General of Registration & Controller of Stamps, Maharashtra State. The declaration document was accessed through Propstack, a real estate data analytics firm that provides commercial property information.

Following the change in ownership, the Capitol Cinema building, located opposite Chhatrapati Shivaji Maharaj Terminus (CSMT) on Hornby Road, is set to undergo repairs and renovation in line with heritage conservation norms. The property is classified as a Grade-IIA heritage structure, and all repair and restoration work will require approval from the Mumbai Heritage Conservation Committee.

The lease renewal for the Capitol Cinema building was confirmed in a registered undertaking filed by Nadir Company Private Limited on December 16, 2025. The 30-year lease renewal, granted by the BrihanMumbai Municipal Corporation (BMC), is effective retrospectively from May 1, 2005, to April 30, 2035. As part of the undertaking, the company has committed to carrying out necessary repairs while preserving the heritage character of the structure, given its proximity to the BMC headquarters and the CSMT precinct.

The company has also agreed to rectify any existing breaches of lease conditions within one year, failing which the civic body reserves the right to terminate the lease. The BMC’s renewal order specifies that the land use will remain restricted to a cinema, shops, and residential use for the lessee.

The lease renewal was approved by the Assistant Commissioner (Estate) of the BMC on October 9, 2025, and was followed by a board resolution authorising company officials, including Rajneesh Mahajan, CEO of Inorbit Mall. Originally leased in 1908, the Capitol Cinema property has long been a landmark in Mumbai’s heritage precinct. With Inorbit and the K Raheja Group now stepping in through the acquisition of Nadir Company, the planned repairs are expected to focus on conservation and compliance rather than redevelopment, ensuring the continued presence of the historic structure in the Fort area, according to real estate observers.