Shree Naman Midtown Dadar West — The Office Address that Trades Minutes from Parel Station
Shree Naman Midtown is the boutique commercial complex that quietly anchors one of the most underwritten central-Mumbai office addresses — a two-tower mixed-use development on N M Joshi Marg in Dadar West, just 0.15 km from Parel Railway Station and a short walk from One International Center, the BMC's central administrative hub, and the Lower Parel commercial cluster. Property Butler is live with one office unit in Wing A: a 2,924 sqft carpet office on the 1st floor at ₹27.50 Cr (~₹94,050/sqft), unfurnished, OC received and ready to occupy. Developer is Shree Naman Group — an established Mumbai developer with a multi-asset portfolio across Bandra, Worli and Andheri including the Naman Habitat retail-and-office development, the Naman Premier office tower, and multiple residential complexes. The project's structural narrative: 2 towers, 2 basements + Ground + 21 (Wing A) and 14 (Wing B) floors, 10 acres of campus, central air conditioning, central facilities, 24x7 security and power backup. Wing A floor-plate sizes are configured at 4,177 sqft to 17,812 sqft, Wing B at 719 sqft to 7,360 sqft — meaning the campus is built to host single-tenant entire-floor occupants in Wing A and split-floor or boutique tenants in Wing B. For a buyer searching ready central-Mumbai office space at sub-₹100,000/sqft on carpet with the operational legitimacy of an OC-received and tenanted complex, this is the listing.
Shree Naman Midtown · Dadar West · May 2026
₹27.50 Cr · 2,924 sqft · ~₹94,050/sqft
Wing A · 1st floor · Office · OC Received · Ready · Unfurnished · 0.15 km from Parel Station
Snapshot — At a Glance
Why Shree Naman Midtown — Buyer Perspective
The Shree Naman Midtown buyer is the central-Mumbai office occupier who has done the comparison and decided BKC's PSF stretch (₹35,000–₹45,000/sqft on carpet for Class-A) does not justify the BKC commute drag for their workforce, and Lower Parel's mid-block office product is either fully tenanted or trading at materially higher PSF than this listing. Three operationally specific reasons drive the deal: (1) the 0.15 km distance to Parel Railway Station means employees on Western, Central or Harbour line can be at the office in under 8 minutes door-to-station-to-door, which materially improves recruitment; (2) the central-AC, OC-received, ready-to-occupy specification means the buyer can sign, take possession, and move in within 60-90 days versus 6-12 months for a fit-out new BKC building; (3) the ₹94,050/sqft carpet pricing on a 2,924 sqft floor plate at this address is structurally cheaper than equivalent Class-A in BKC (₹130,000–₹180,000/sqft), Lower Parel's premium towers (₹120,000–₹160,000/sqft), or even comparable Worli commercial inventory.
The pros: ready possession in central Mumbai with metro-and-rail interchange access at the doorstep is structurally rare — the Eastern Express Highway connects within 1 km, the Western Express Highway connection delivers the airport in approximately 14.7 km, and the One International Center campus is 0.09 km away providing the implied prestige-by-association of a peer corporate cluster. The 10-acre campus footprint supports a meaningful amenity stack — central air conditioning is a meaningful differentiator from the standalone-buildings dominant in this corridor — and the dual-wing configuration with Wing B's 719 sqft starting plate gives small-tenant flexibility that's structurally hard to find in this price band. The cons we are honest about: the 1st-floor positioning of the PB unit means the buyer is buying podium-floor inventory rather than upper-floor; for a corporate occupier this typically does not matter (operational floor-rise premium is a residential phenomenon, not commercial), but it does matter for resale exit if a future buyer explicitly wants higher-floor visibility. The unfurnished warm-shell delivery means the occupier needs to fund the fit-out (typically ₹2,500–₹4,500/sqft for Class-A office build-out, so ~₹73 lakh – ₹1.31 Cr additional capital outlay before move-in). Per developer disclosure, RERA documentation could not be confirmed for this asset — buyer should request the project's RERA / OC documentation directly from the developer's title team before signing the agreement; this is standard due diligence for any older OC-received commercial complex but worth flagging explicitly.
Floor-Plate & Pricing Ladder
The PB unit at ₹94,050/sqft on the 2,924 sqft floor plate is the calibration point for the rest of the campus inventory we observe in the market. Indicative pricing on the wing-and-floor-plate variations linked above are extrapolations from PB's tracked PSF benchmark applied across the disclosed floor-plate range — buyers should treat these as indicative ranges only and confirm directly with the developer's leasing-and-sales desk for current per-floor pricing on inventory beyond the PB unit. The carpet-area pricing is calibrated against direct competitor ready commercial inventory in central Mumbai including the Lodha Excelus tower, the Peninsula Corporate Park complex and the One International Center podium product.
Comparison vs Two Nearest Peer Commercial Buildings
The peer comparison clarifies the trade. One International Center is the brand-name tenant address — the implied prestige is real but the PSF stretch versus Naman Midtown is 6–50% on a like-for-like floor-plate basis. Peninsula Corporate Park is the established Lower Parel cluster — the location is more central but the distance-to-station drag is 1.5 km versus Naman's 0.15 km, which materially affects recruit-and-retain economics. Naman Midtown's wedge is the sub-₹100k PSF entry combined with the smallest floor-plate option in the corridor (Wing B's 719 sqft starting plate is rare for a Class-A address).
Location & Connectivity — N M Joshi Marg / Parel Station
Shree Naman Midtown sits on N M Joshi Marg, 0.5 km from the Eastern Express Highway and 1.0 km from the Western Express Highway, on the Parel Station belt. Specific distances per developer disclosure: Parel Railway Station ~0.15 km (~3 minutes on foot — a structurally rare metric for any Mumbai commercial address), One International Center ~0.09 km, Seth GM Jain Hospital ~0.26 km, Croma Mall ~1.35 km, Eastern Express Highway entry ~1.0 km, Mumbai International Airport ~14.7 km via the Western Express Highway (~24-32 minutes off-peak). The Mumbai Metro Line 3 Aqua Line passes through the central-Mumbai corridor with the Acharya Atre Chowk station ~2 km away, putting BKC at a 14-18 minute Metro ride. Schools and hospitals within 2 km include Seth GM Jain Hospital, KEM Hospital (~2.5 km), TMC Tata Memorial Centre (~1.5 km — relevant for healthcare-allied tenant occupiers), and the Don Bosco Matunga school cluster. Daily logistics — the Dadar Plaza retail belt for daily essentials, the Phoenix MarketCity Lower Parel for premium retail, the Bombay Hospital direction along Marine Drive — work meaningfully better here than from the BKC alternative.
Property Butler's Verdict
Shree Naman Midtown is the central-Mumbai office buyer's value play. The 2,924 sqft Wing A 1st floor unit at ₹27.50 Cr is the underwriting candidate for a small-team HQ (40-60 desk capacity at 50 sqft/desk), a regional office for a mid-cap corporate, or a single-tenant occupier in financial services, pharma headquarters, healthcare-allied, or professional services. The deal works cleanly for an end-occupier; for a pure investor, the rental yield math at central-Mumbai office levels (typically 5.5%–7.5% gross on ready commercial inventory) makes this competitive against alternative central-Mumbai commercial product. Negotiate on: title-and-RERA documentation review (the developer's disclosure on RERA was unconfirmed and we always recommend independent title diligence on older OC-received commercial complexes), the central-AC service-level agreement and the recurring maintenance loading, and the parking allotment (commercial Mumbai parking is increasingly the deal-breaker — confirm the specific bay assignment in the agreement). Skip if you need BKC-class branding — Naman Midtown does not have the marquee-tenant air. Skip if you need a 10,000+ sqft single-floor plate for a 200-seat office — that scale is in Wing A but the PB unit is the 2,924 sqft floor plate. — Property Butler
Central-Mumbai Office Resale & Yield Notes
Resale dynamics for ready Class-A central-Mumbai office product are a different game from residential. Days-on-market for well-priced central-Mumbai commercial trades 90-180 days based on PB's deal-desk observations, with the buyer pool dominated by single-tenant corporates and professional-services firms. Rental-yield benchmarks for OC-received central-Mumbai commercial product run 5.5%–7.5% gross — meaningfully above any residential alternative in the same locality (residential yields here typically run 2.8%–3.5% gross). For the buyer who is primarily a yield investor, the Naman Midtown unit at ₹27.50 Cr would target ₹1.5–2.0 Cr gross annual rental at central-Mumbai-office-rate benchmarks, which is the structural support for the asking PSF. End-occupiers should additionally factor in the implicit benefit of owning versus leasing — over a 10-year horizon, owned commercial real estate at central-Mumbai PSF compounds at the locality's commercial-asset growth rate, which historically has tracked CAGR of 5–9% across cycles.
Property Butler Inventory in Shree Naman Midtown
One ready commercial office unit, OC received, unfurnished warm-shell delivery:
- Wing A · 1st floor · 2,924 sqft carpet · ₹27.50 Cr · ~₹94,050/sqft · City View · Unfurnished · OC Received · Ready to Move In
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WhatsApp us about Naman MidtownFAQ — Shree Naman Midtown Dadar West
Is Shree Naman Midtown ready to move in?
Yes — the project is OC received and operational. The Wing A 1st floor unit Property Butler tracks is ready for fit-out and occupancy within standard registration and society-formality timelines (typically 60-90 days from agreement signing including registration and possession transfer).
What is the asking PSF for office space at Naman Midtown?
Property Butler's Wing A 1st floor unit is priced at approximately ₹94,050 per sqft on carpet area (₹27.50 Cr for 2,924 sqft). This calibrates roughly 30-40% below comparable BKC Class-A and 10-30% below Lower Parel premium towers.
How far is Parel Station from Shree Naman Midtown?
Per the developer's disclosure, Parel Railway Station is approximately 0.15 km — under 3 minutes on foot. This is one of the shortest station-to-office distances in any central-Mumbai commercial complex.
What floor-plate sizes are available?
Wing A floor-plates range from 4,177 sqft to 17,812 sqft, supporting single-tenant entire-floor occupancy. Wing B floor-plates range from 719 sqft to 7,360 sqft, supporting boutique tenant or split-floor occupancy. The Property Butler tracked unit is 2,924 sqft on the Wing A 1st floor.
Is the building fully air-conditioned?
Yes — central air conditioning is provided across the campus, with central facilities, 24x7 security, and power backup. This is a meaningful differentiator versus standalone offices in the corridor that operate on tenant-provided AC.
What is the rental-yield benchmark for ready central-Mumbai office space?
Property Butler's deal-desk observations on ready Class-A central-Mumbai commercial inventory run 5.5%–7.5% gross rental yield — well above the 2.8%–3.5% benchmark for residential in the same locality. For the Wing A unit at ₹27.50 Cr, that targets ₹1.5–2.0 Cr gross annual rental at current rate benchmarks.
Are home loans / commercial loans approved?
Commercial property loans for OC-received central-Mumbai office space are routinely approved by HDFC, ICICI, Axis, Kotak and SBI subject to LTV (typically 50-65%), tenant covenant if pre-leased, and individual borrower profile. Property Butler can introduce a banker once you shortlist the unit.