Yes, and it is expected that this transaction remarkable as it signals a considerable recovery for Mumbai's commercial property market after 3 years of slow growth.
Do you know Shantu, the group will be shifting headquarters from Worli to this new office spread over top seven floors of Marathon Realty's tower-2. The company has identified certain premises in Marathon Futurex at Lower Parel and it is still under process.
Essel Group, extensively known for its media and entertainment business Zee Entertainment Enterprises has received 2.20-lakh sq-ft. commercial space in one of the largest commercial transaction in Marathon Futurex complex at Lower Parel, Mumbai.
It is said that the city's second biggest ever office purchase figure remarkable redemption from lows for its troubled commercial property market and may signaled a period of rapid growth during rising demand and shrinking inventory.