Viacom18 leases new Mumbai HQ
Real Estate

Viacom18 leases new Mumbai HQ

Viacom18, the broadcasting unit of Indian billionaire Mukesh Ambani, is reportedly securing a lease deal with Nucleus Office Parks, which is owned by Blackstone, for its new headquarters in Mumbai. The new office space will encompass approximately 400,000 square feet and span across approximately eight floors within the "One International Center" complex, situated in Mumbai's Lower Parel business district. This development is seen as a significant real estate transaction, given the high rental costs in Mumbai, with only a few such deals occurring each year.

According to insiders, Viacom18 is expected to pay an estimated monthly rent of 60 million Indian rupees ($722,178) for the new space. Viacom18, which operates TV channels and the digital streaming platform JioCinema, is a competitor of major players like Walt Disney in the Indian market. The move to a new headquarters is driven by Viacom18's desire to consolidate all its business units, including taxation, finance, sports, and digital operations, under one roof. The relocation is anticipated to be completed before December.

Mukesh Ambani, the wealthiest individual in Asia, has been steadily expanding his presence in the media and entertainment sector, with TV channels such as MTV, Nickelodeon, and Comedy Central in India, in addition to a streaming platform that rivals Netflix and Disney+ Hotstar. Viacom18's shareholders include Ambani's Reliance, Paramount Global, and Bodhi Tree, a joint venture between James Murdoch and former Disney executive Uday Shankar.

On the other hand, Blackstone is reportedly in the final stages of planning an initial public offering (IPO) for its real estate investment trust (REIT) in India, which will encompass assets from Nucleus Office Parks. This move follows Blackstone's announcement that India is one of its strongest-performing markets. The company manages assets valued at $50 billion in India, including private equity and real estate, with over a billion dollars in real estate share sales in the past year alone.

Viacom18, the broadcasting unit of Indian billionaire Mukesh Ambani, is reportedly securing a lease deal with Nucleus Office Parks, which is owned by Blackstone, for its new headquarters in Mumbai. The new office space will encompass approximately 400,000 square feet and span across approximately eight floors within the One International Center complex, situated in Mumbai's Lower Parel business district. This development is seen as a significant real estate transaction, given the high rental costs in Mumbai, with only a few such deals occurring each year. According to insiders, Viacom18 is expected to pay an estimated monthly rent of 60 million Indian rupees ($722,178) for the new space. Viacom18, which operates TV channels and the digital streaming platform JioCinema, is a competitor of major players like Walt Disney in the Indian market. The move to a new headquarters is driven by Viacom18's desire to consolidate all its business units, including taxation, finance, sports, and digital operations, under one roof. The relocation is anticipated to be completed before December. Mukesh Ambani, the wealthiest individual in Asia, has been steadily expanding his presence in the media and entertainment sector, with TV channels such as MTV, Nickelodeon, and Comedy Central in India, in addition to a streaming platform that rivals Netflix and Disney+ Hotstar. Viacom18's shareholders include Ambani's Reliance, Paramount Global, and Bodhi Tree, a joint venture between James Murdoch and former Disney executive Uday Shankar. On the other hand, Blackstone is reportedly in the final stages of planning an initial public offering (IPO) for its real estate investment trust (REIT) in India, which will encompass assets from Nucleus Office Parks. This move follows Blackstone's announcement that India is one of its strongest-performing markets. The company manages assets valued at $50 billion in India, including private equity and real estate, with over a billion dollars in real estate share sales in the past year alone.

Next Story
Technology

Atlas Copco Unveils Innovation Centre in Pune for Smart Manufacturing

Atlas Copco Tools has inaugurated its first Smart Factory Innovation Centre in India, a cutting-edge facility in Pune designed to showcase advanced technologies powering Smart Integrated Assembly ecosystems. The centre will serve as a hub for businesses across automotive, aerospace, electronics, heavy machinery, and manufacturing sectors to explore automation and smart manufacturing solutions for zero-defect production.The Innovation Centre offers hands-on demonstrations of the latest torquing and dispensing technologies, highlighting software-driven solutions that optimize efficiency, enhance..

Next Story
Resources

Elite Elevators Unveils India’s First Fully Customizable Home Elevator

Elite Elevators, a leader in the premium home lift segment, has launched Elite Elevators Bespoke—India’s first fully customizable luxury home elevator. The launch event, held at the company’s Chennai headquarters, showcased how the new offering redefines residential mobility by integrating state-of-the-art technology with personalized design.Speaking on the launch, Vimal Babu, Founder and CEO, Elite Elevators, said, “At Elite Elevators, our mission has always been to revolutionize home mobility with world-class innovations. Through its enhanced customizable features, our Bespoke elevat..

Next Story
Real Estate

Under-Construction Homes Now Costlier Than Ready-to-Move Properties

Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft...

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?