Starlink Leases ₹2.33 Crore Mumbai Office for Indian Launch
Starlink Satellite Communications Pvt. Ltd. has leased a 1,294 sq ft office space in Mumbai’s Chandivali area for five years, signaling a significant step towards its Indian market entry.
StarlinkMumbaiOffice LeaseCommercial Real EstateSatellite InternetReal Estate MumbaiOct 27, 2025
The property, owned by Nikunj Sheth, was registered on October 14, 2025. Documents show that Starlink will pay a monthly rent of ₹3.52 lakh, with a 5% annual escalation, and has deposited ₹31.7 lakh as a security deposit. The company also paid a stamp duty of ₹66,500 and a registration fee of ₹1,000 at the time of registration. In addition, Starlink will bear the common area maintenance (CAM) charges of ₹15.79 lakh for a period of five years, and the lease includes one car parking space.
According to Knight Frank India’s Q3 2025 report, Mumbai’s commercial real estate market continues to demonstrate resilience and depth, with average office rents rising 11% year-on-year, the thirteenth consecutive quarter of stable or positive growth. While leasing activity declined 27% year-on-year to 1.9 million sq. ft., Mumbai, along with Bengaluru and NCR, still accounted for half of India’s total office transactions, underscoring its enduring dominance as a key business hub.
The report also highlights that new office completions surged 94% year-on-year to 1.6 million sq. ft. during the July–September quarter, helping narrow the supply gap seen since 2023. This uptick in development, coupled with rising rentals and infrastructure upgrades like the Mumbai Metro Line 3, reflects strong investor confidence and long-term optimism. As per Knight Frank India, Mumbai’s office segment continues to set the benchmark for stability, quality, and performance in the country’s commercial real estate landscape.
The Boomerang building has been a popular choice for celebrity and corporate buyers alike. Earlier this year, Hrithik Roshan and his father Rakesh Roshan, through their company HRX Digitech LLP, purchased three office units on the first floor of the same complex for ₹31 crore. The deal, registered on July 9, 2025, covered a total carpet area of 13,546 sq ft. The Roshan family had also acquired five additional office units on the fifth floor in September 2024 for ₹37.75 crore, spanning a total carpet area of 17,389 sq ft, according to property records.
Starlink’s lease comes at a time when the company is accelerating its plans to launch satellite-based internet services in India. The firm is preparing to set up nine gateway earth stations across major cities including Mumbai, Noida, Chandigarh, Hyderabad, Kolkata, and Lucknow as part of its national rollout strategy. The company has applied for 600 Gbps satellite capacity over India through its Gen 1 constellation, with spectrum provisionally assigned for security compliance demonstrations.
The development also follows a series of real estate moves by Elon Musk’s ventures in India. In September, Tesla leased 24,565 sq ft of warehouse space in Mumbai’s Kurla area for over ₹24 crore for five years.
Frequently Asked Questions
What is the total rent for Starlink's Mumbai office lease?
The total rent for Starlink's Mumbai office lease is ₹2.33 crore over a period of five years.
Who is the owner of the property leased by Starlink?
The property leased by Starlink is owned by Nikunj Sheth.
What is the monthly rent for the Starlink office in Mumbai?
The monthly rent for Starlink's office in Mumbai is ₹3.52 lakh.
How many gateway earth stations is Starlink planning to set up in India?
Starlink is planning to set up nine gateway earth stations across major cities in India, including Mumbai, Noida, Chandigarh, Hyderabad, Kolkata, and Lucknow.
What other real estate move did Elon Musk’s ventures make in India recently?
In September, Tesla leased 24,565 sq ft of warehouse space in Mumbai’s Kurla area for over ₹24 crore for five years.
Related News Articles
Delhi Residents Get 10% Discount on Property Tax Payments Before June 30
Property tax, rebate, Delhi residents
Mall Development to Slow Down, Says Industry Experts
The growth of shopping malls is expected to be slower than residential real estate, as developers struggle to attract footfall and face challenges in developing new properties.
Bollywood's Big Real Estate Moves: Celebs Who Invested in 2024
In July, Kriti Sanon bought a 2,000-square-foot plot in Alibaug, a popular second-home destination near Mumbai. She described the place as a perfect getaway from the hustle and bustle of city life. Many other Bollywood stars have also made significant rea
Delhi NCR and Mumbai Rank Among Top 10 Real Estate Markets in Asia-Pacific
According to the latest edition of the Asia-Pacific Prime Office Rental Index for Q3 2024, released by real estate consultancy Knight Frank, Delhi NCR and Mumbai have secured prominent positions within the top 10 real estate markets in the Asia-Pacific re
Real Estate Surge: Land Deals in India See 47% Y-o-Y Growth Across 8 Major Cities in 2024
Mumbai, Chennai, and Pune have witnessed a significant rise in land deals, contributing to the overall growth in the real estate sector. This trend is positioning India as a key market for real estate investments in 2024.
Maha Metro to Execute Extensions of Pune Metro Line 3
The Maha Metro Rail Corporation Limited (MMRCL) is set to undertake significant extensions to the Pune Metro Line 3, which will not only enhance connectivity but also boost the real estate and infrastructure sectors in the region.