US-based DHR Holdings Leases 35,000 Square Feet of Commercial Space with The Phoenix Mills Ltd.

Mumbai, Maharashtra, India - DHR Holdings India Pvt. Ltd., the Indian arm of US-based DHR Holdings LLC, a US-based science and technology innovator, has leased 35,000 square feet of office space on a 5-year occupancy at the spacious commercial project, ‘Art Guild House’ in Mumbai, making it one of the touted transactions in recent times. The commercial tower is located in the premises of Phoenix Marketcity, the finest mixed-use development in the epicenter of Mumbai. 

The swift-flowing company has succeeded to strike an exceptional deal with The Phoenix Mills Ltd. DHR Holdings finalized the deal through CBRE, which is mandated to be its transaction manager. DHR Holdings is expected to shell out a rental of Rs. 7.13 crore annually. The lease agreement comprehends half-yearly advance rental, including car parking charges, common area maintenance charges, and property tax. The lease agreement also incorporates an escalation clause to upwardly revise the rentals by 7% every 3 years (36 months). As a part of the lease agreement, DHR Holdings will get access to a total of 54 car parking spaces in the office building. 

Spacious Workspaces

‘Art Guild House’, which is the brainchild of Mr. Atul Ruia, Chairman, The Phoenix Mills Limited, is one of few artistic commercial projects in the city of Mumbai. It provides an integrated work-life balance to several MNCs, Fortune 500 companies, and Tier-1 clients housed in its premises, this state-of-the-art commercial multifaceted tower has recorded a leased occupancy of 81%. 

Building up with the art-inspired theme of its architecture, the enormous skylight atrium ensures uninterrupted natural light cascading over the dynamic installations. The premium development offers opulent interiors with exquisite art installations. “Art Guild House is one of the finest and most premium commercial developments in the city, and is a perfect blend of art and work, providing office spaces at an attractive price point near BKC,” explains Gaurav Sharma, Business Head – Commercial, The Phoenix Mills Limited. 

The commercial tower, ‘Art Guild House’ which is a part of the largest mixed-use development of Phoenix Marketcity, Mumbai, has been gaining incessant popularity for its signature boutique office spaces, vast choices for shopping, dining, and entertainment, and its location amidst ready catchment of HNIs, offers great connectivity and proximity to Bandra Kurla Complex, the commercial business district.  

The Art Guild House, a luxurious expanse spread across 0.8 million square feet, offers fully-furnished workspaces across 6 levels and 2 levels of basement parking. The office spaces are scalable from 1,500 sq. ft. to 1.0 lakh sq. ft. on a single floor. The commercial development features a host of exclusive amenities such as artful environs grand double-height lobbies, grand atriums, and outdoor landscaped gardens which explains the pomp and scale of everything inside it. 

Vasant Blossom by Sheth Creators, an Iconic Luxury Project Beckons in Andheri East

 

•  Luxury homes in a unifying prime location, with quality infrastructure, and best-in-class amenities

•  Twin tower project of 25 floors each that maximizes space utilization and offers aspiring residents unhindered views of the city skyline

Sheth Creators is a reputed real estate company that has been responsive to its customers' changing housing demands by staying ahead of the curve and introducing new concepts in the residential space. In meeting this demand with a befitting response, the brand has yet again displayed its visionary insight with the launch of Vasant Blossom, a project by Sheth Creators that presents a vibrant and smart community living set-up as a one-stop destination. Two new towers bring together a confluence of greenery and luxury housing. With 2.7 acres of vast landscape available, Vasant Blossom, an iconic luxury project brings homes that will elevate the living experience and engulf with the very best that nature has to offer.
 
Situated in the high-growth corridor of Andheri East, the project aims to redefine the convergence between high-end luxury homes that fulfil the growing demand for well-being and enhanced quality of life. Paving its way towards the greater development opportunity that will unfold in the city’s suburbs, Vasant Blossom is setting trends that perfectly exemplify the record 20 million square feet residential, commercial, retail, and township projects developed by Sheth Creators. The easy access to corporate parks, noteworthy commercial destinations, educational institutions, healthcare, and recreation centres will contribute significantly to the project’s success.
 
Crafted with ingenious planning, offering unmatched lifestyle amenities, and a spatial living concept with astute connectivity, the aspiring residents of Vasant Blossom will get a living experience par excellence within one of Mumbai’s successful townships. It is an abode that lets life bloom with more than one can ever imagine. It is bestowed with a complete living experience wherein landscapes, exteriors and interiors play a crucial role along with other amenities. Vasant Blossom comprises of two luxury residential towers of 25 habitable floors each, including 2 basements and 1 stilt parking area. The high-end residential apartments are in 2 and 3-bed configurations offering expansive views of the city’s skyline.
 
Amenities available to the residents of Blossom include a swimming pool, landscaped garden, kids’ play area, an activity zone, and many other facilities incorporated into the design offering an experience of rare grandeur.
 
Andheri East has today emerged as one of the prime housing destinations in the country’s commercial capital. Strategically positioned in Andheri East, Vasant Blossom, just like the earlier Vasant Oasis Project by Sheth Creators enjoys excellent road, rail, and air connectivity that increases its accessibility quotient. The project is well connected to all of Mumbai’s major transit points, business hubs lie in proximity to Western and Eastern Express Highway, JVLR, SCLR, and Eastern Freeway. This makes commuting to any part of Mumbai or Navi Mumbai a cakewalk. Further enhancing connectivity, Andheri railway station, the Marol and Saki Naka metro stations, the domestic and international airports are present in the project’s vicinity. The presence of commercial hubs including MIDC, SEEPZ, Sakinaka Junction, and BKC will further transform Andheri into a central destination for the MMR. The future planned infrastructure set-ups like the proposed Metro Line 2, 4, and 7, Goregaon Mulund Link Road, and Bandra Versova Sealink (BVSL) will transmute the area into an in-demand stretch from the residential real estate perspective.
 
According to Ms. Hiral Sheth Gandhi, Director - Marketing, Sheth Creators, “We are very excited to launch Vasant Blossom. Through two towers, we bring to you a residential project packed with the very best life has to offer. What we have tried to do is come up with a fully integrated community offering inhabitants with quality urban living in Andheri which continues to be a priority growth market for us. Like all of our projects, it is built on the three pillars of trust, quality living, and an enhanced living experience. The launch of Vasant Blossom is a further push to our sustained efforts of building thriving communities and empowering a larger cross-section of buyers to fulfil their dreams of owning a home in a safe and healthy environment as we look forward to using this launch as a catalyst for expanding our presence in the western suburban market.”
 
Vasant Blossom Project by Sheth Creators is registered under MahaRERA No. P51800032286 and is available on the website - http://shethcreators.com/ under registered projects. Please note that the sale/lease of premises in the above-referred project shall be governed by the terms and conditions of the Agreement for Sale/Lease. T&C Apply

About Sheth Creators

Sheth Creators Pvt. Ltd. is a leading real estate company in India, catering to the luxury and ultra-luxury segment. The company bears the proud legacy of Sheth Developers Pvt Ltd (SDPL), which has marked its presence with new-age landmarks, iconic projects, and amazing achievements in a record short span of 30 years. The company has developed a record 20 million square feet residential, commercial, retail and township projects in India and abroad and built over 18000 homes. It has a track record in the real estate industry of developing innovative projects through its emphasis on contemporary architecture, strong project execution, quality construction, and a professionally managed team. The company takes pride in building new-age creations, built on a solid foundation is the coveted winner of 33 international awards