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Major Consolidation Move Reflects Mumbai's Thriving Office Market.

Crisil Signs ₹600 Crore Lease for New Mumbai HQ in Saki Vihar.                                                                                                                                                              

Rating agency Crisil has leased over 2.5 lakh sq ft at Lightbridge in Mumbai’s Saki Vihar for 15 years, with total rentals nearing ₹600 crore—one of the city’s biggest office deals recently. The new space, spread across six floors, will be branded "Crisil House, Lightbridge" and marks a key step in the company’s workspace consolidation strategy. Monthly rent stands at ₹2.35 crore with a 4.77% annual escalation and a security deposit of ₹38.2 crore. Crisil's current Powai headquarters has been leased by Brookfield Properties to CoWrks India, a managed workspace operator, under a separate high-value agreement. CoWrks will pay ₹3.88 crore monthly for 177,000 sq ft across multiple floors for seven months during fitouts. These back-to-back transactions highlight robust office absorption in key micro-markets like Powai and Saki Vihar. Experts see this as a sign of Mumbai’s dynamic commercial real estate, where traditional occupiers and flexible space operators coexist to meet growing enterprise demand.