Hrithik Roshan Leases Premium Mumbai Office to WeCredit in Rs 4.84 Crore Deal

Actor Hrithik Roshan has leased his commercial office property in Mumbai to the digital credit platform WeCredit through a five-year lease agreement valued at around Rs 4.84 crore.

The office, located at Lotus Corporate Park in Goregaon East, covers approximately 4,500 square feet on the 14th floor, with capacity to accommodate more than 60 employees.

Situated near the Western Express Highway and Oberoi Mall, the location provides convenient connectivity to Mumbai’s western suburban business districts.

Lease Agreement Details

Under the terms reported by Magicbricks, WeCredit will pay an initial monthly rent of Rs 7.30 lakh, with a stipulated 5% annual increase over the lease period.

The contract includes a mandatory lock-in period of three years within the overall five-year duration.

About WeCredit

Founded in 2022, WeCredit operates as a digital credit marketplace connecting consumers to over 25 lending partners, including banks, NBFCs, and fintech firms.

Besides Mumbai, it maintains offices in Udaipur (about 12,000 sq. ft.), Jaipur (3,000 sq. ft.), and Delhi (3,000 sq. ft.).

The Mumbai location will expand the company192 footprint to nearly 22,500 square feet across its four hubs.

This new office will host teams involved in strategy, finance, business partnerships, fundraising, and managing institutional relations.

Strategic Importance of the Mumbai Office

Mukul Devpura, Director and Co-Founder of WeCredit, highlighted that the investment in the Mumbai office infrastructure is strategic for strengthening partnerships with financial institutions and capital providers.

The Goregaon East office also benefits from proximity to major roadways and metro lines, supporting the company’s growing operational needs.

Industry Insights

This move reflects a trend of Bollywood celebrities investing in Mumbai’s premium commercial real estate, which continues to attract businesses seeking well-connected office spaces for expansion.

Key Takeaways

  • Hrithik Roshan has leased a 4,500 sq ft office in Goregaon East to WeCredit for Rs 4.84 crore over five years.
  • WeCredit will pay an initial rent of Rs 7.30 lakh per month, increasing 5% annually, with a three-year lock-in.
  • The Mumbai office will accommodate key teams and expand WeCredit’s footprint to nearly 22,500 sq ft across four cities.
  • Strategic location near highway and metro enhances connectivity and operational efficiency.
  • The transaction exemplifies a growing trend of Bollywood celebrities investing in Mumbai’s commercial real estate market.