Morningstar Leases 33,000 Sq Ft Office Space from Wadhwa Group in ₹44 Crore Nine-Year Deal at Mumbai’s Vishwaroop IT Park

According to details, Morningstar has taken an additional 32,551 square feet on lease within the same development, further expanding its presence in the Wadhwa Group’s commercial asset. With this latest expansion, Morningstar’s total occupied area at Vishwaroop IT Park has reached 4.45 lakh square feet.

The lease agreement is expected to generate rental revenue of approximately ₹43.54 crore for Wadhwa Group up to the year 2034. The spokesperson for the company declined to comment on the transaction.

Vishwaroop IT Park, developed by Wadhwa Group, is spread across a plot area of 15,518 square metres and has a total built-up area of 6.25 lakh square feet. The commercial property is currently fully leased and generates an annual rental income of around ₹75 crore, reflecting its strong occupancy and yield performance.

Wadhwa Group, a prominent real estate developer in the Mumbai Metropolitan Region, has completed over 220 projects across residential, commercial, and township segments, covering approximately 45 million square feet. Its commercial portfolio includes key assets such as The Capital in Bandra Kurla Complex and Platina in Bandra Kurla Complex.

The group is also preparing to launch an initial public offering, marking a major corporate development amid growing investor interest in India’s real estate sector.

As per Knight Frank India data, India’s office market recorded its highest-ever quarterly leasing volume of 29.9 million square feet during the January–March 2026 period across eight major cities, marking a 6 percent increase over the previous peak in the first quarter of calendar year 2025, highlighting sustained momentum in commercial real estate demand.