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Sporta Technologies has leased 169,250 sq ft in Ascent Worli, Mumbai, under a five-year agreement with a starting monthly rent of INR 5.07 crore and 4.75% annual escalation. The deal includes exclusive access to 135 car-parking spaces, a security deposit of INR 30.46 crore, and CAM deposit of INR 1.26 crore, along with a 36-month lock-in period and six-month fit-out. This lease, one of the largest single-tenant deals in Mumbai this year, reflects the company's aim to optimise costs while moving to a premium, well-equipped office in a prime commercial hub.
Sporta Technologies, the parent company of Dream11, has signed a long-term lease for 169,250?sq?ft of office space in the Ascent Worli commercial tower developed by K Raheja Corp in Mumbai. The five-year lease has a starting monthly rent of INR?5.07?crore, with an annual escalation of 4.75%. As part of the agreement, the company will have exclusive access to 135 car-parking spaces. This lease ranks among the largest single-tenant office deals in Mumbai this year in terms of area. Advertisement
The lease arrangement includes a security deposit of INR?30.46?crore and a common area maintenance (CAM) deposit of INR?1.26?crore. Maintenance charges are set at INR?25 per sq?ft per month. The agreement also features a 36-month lock-in period. A fit-out period of nearly six months began in August, and the formal lease registration was completed on November 17.
Previously, Sporta Technologies operated from One BKC in Bandra-Kurla Complex. The move to Worli is aligned with the company's focus on operational efficiency and cost optimisation, according to company leadership.
The Worli micro-market continues to be one of Mumbai's preferred commercial hubs for large enterprises, especially those looking for high-quality office infrastructure. This trend is reinforced by significant corporate leases like this one, highlighting the ongoing demand for institutional-grade office spaces in central locations.
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