Mumbai’s commercial property market continues to see high-value transactions, with Sharekhan Limited selling its office space in Dadar’s ‘The Ruby’ for ₹45 crore — a 42% gain over 15 years — according to registration documents accessed by CRE Matrix.

The company had purchased the office space in November 2010, for over ₹31 crore. The deal adds to a string of major office property movements in the city this year, including Kalpataru Group’s ₹304 crore sale to Bernhard Schulte Shipmanagement, Raheja Universal’s ₹211 crore buyback in Kalina, and Akshay Kumar’s profitable exit from a Lower Parel office unit, according to a report by the Hindustan Times.

The office space, located in a building named ‘The Ruby’, has been purchased by DE-Max Fincap Advisors Private Limited, which currently has its office premises in the same building, according to the documents.

According to property registration documents, the buyer acquired the space from Sharekhan Limited for ₹45 crore, for which a stamp duty payment of ₹3.27 crore and a registration fee of ₹ 30,000 have been paid.

The office space was sold along with a total of 20 parking spaces, for which the deal was registered on December 3, 2025.

The purchased office unit spans 11,820 sq ft carpet area and is located on the 18th floor (South West Wing) of the 20-storey building ‘The Ruby’, situated in Mumbai’s prime commercial belt near Dadar station and the city’s central business corridors.

In another office transaction, Kalpataru Group sold six built-to-suit office spaces in its commercial project, Kalpataru Virtus, in Mumbai’s eastern suburb of Vikhroli to global maritime firm Bernhard Schulte Shipmanagement (BSM) for ₹304.05 crore, according to documents accessed by Propstack.

The transaction covers 93,226 sq ft of usable RERA carpet area and 1.02 lakh sq ft of built-up area within the Kalpataru Virtus project. The deal was registered on November 4, 2025, as per the documents.

In September 2025, Mumbai-based real estate developer Raheja Universal Pvt Ltd bought back a commercial office building in Mumbai’s Kalina area from HDFC Bank Ltd for ₹211 crore, according to property registration documents reviewed by Propstack. The property, Raheja Centre Point, has a built-up area of 49,359 sq ft on a 2,464 sq m plot, according to the registration documents.

In April 2025, Bollywood actor Akshay Kumar sold an office space in Mumbai’s Lower Parel for ₹8 crore, according to property registration documents accessed by Square Yards. Kumar purchased the property in 2020 for ₹4.85 crore, marking a 65% appreciation in value, according to Square Yards.