Sonu Nigam Leases Mumbai BKC Property for ₹12.61 Crore Over Five Years
Singer Sonu Nigam has leased out a commercial property in Santacruz East, Mumbai, for a rent that exceeds ₹12.61 crore for a span of five years. The leased property is located at the Trade Centre BKC building and has a carpet area of 4,257 sq ft, as per the documents obtained from SquareYards. The lease agreement was registered on December 2, 2025.
The lease agreement is for five years with a monthly rent of ₹19 lakh for the first year. The rent of the second year is escalated by 5.26%, resulting in ₹20 lakh per month. Thereafter, the rent increases by 5% every year from the third year, amounting to ₹21 lakh in the third year, ₹22.05 lakh in the fourth year, and ₹23.15 lakh in the fifth year. This rental plan leads to a total expenditure of ₹12.62 crore for the entire lease period.
The commercial real estate has been leased to Pattni Hospitality, the operator of Downtown 29 café and bar. This deal signals the continuation of the commercial demand in the office markets of Santacruz East and Bandra Kurla Complex.
Playback singer Kailash Kher also bought a commercial office unit in the same building on November 7, 2025, for ₹10.5 crore, as per Propstack. The office space is 2,619 sq ft in carpet area and is situated on the 7th floor of Trade Centre BKC. N&T Family Private Trust, previously known as IL&FS Trust Company Ltd, was the seller. The deal was accompanied by a stamp duty of more than ₹63 lakh and a registration fee of ₹30,000.
The recent deals of Nigam and Kher are a clear indication of the mounting activities not only in the Trade Centre BKC building but also in the commercial real estate market of Mumbai’s Santacruz East and BKC corridor. These transactions are signs of a continuous trend of high-profile individuals who are either directly buying or long-term leasing office spaces, making use of prime locations for both commercial and investment purposes.
As a result of these deals, Trade Centre BKC building has become a significant address for commercial activities, attracting celebrity investors and established hospitality operators. The interweaving of long-term leases and direct purchases reveals the heightened demand for well-located office spaces in the luxury commercial districts of Mumbai. This reflects market confidence and strategic preferences for location among buyers and tenants.
