The Ruby — Dadar's Only LEED Platinum Office Tower, Opposite Matunga Station
The Ruby by Rohan Lifescapes is the most credentialed commercial office address currently transacting on the Dadar-Matunga axis. Registered under MahaRERA P51900009854, the project is a 63-unit commercial skyscraper positioned directly opposite Matunga Station with column-less floor plates of approximately 45,000 sqft per slab — a configuration optimised for institutional-grade tenants who want a full-floor or multi-floor footprint without internal column drag. Property Butler is currently transacting two live units in this building — a 5,861 sqft bare-shell office on the 12th floor at ₹32.24 crore for outright sale, and a 2,532 sqft fully-furnished half-plate office on the 13th floor at ₹7.70 lakh per month for lease. Both units are ready-to-occupy with OC received. For the South Mumbai-anchored business that wants a Bandra-Kurla-Complex-equivalent commercial spec at a Dadar-postcode discount, with the rare advantage of dual-line railway connectivity in a single building, The Ruby is one of the highest-trust commercial picks in Property Butler's central Mumbai inventory today.
The Ruby — Dadar — May 2026
Sale ₹32.24 Cr · Lease ₹7.70 L/month
2,532 – 5,861 sqft floor plates · LEED Platinum · 12th & 13th floor stacks · Ready & OC
Snapshot — At a Glance
Why The Ruby — The Buyer / Tenant Perspective
Dadar is the most strategically connected commercial micromarket in central Mumbai, and yet for two decades has been chronically under-supplied on Grade-A office product. Lower Parel's Phoenix-Kamala Mills cluster anchors corporate India's new-economy footprint south of the Dadar bridge, and Bandra-Kurla Complex anchors banking-and-financial-services across the Mahim Causeway, but the Dadar postcode itself — sitting at the literal centre of these two clusters — has historically been a commercial vacuum. The Ruby breaks that vacuum. Positioned directly opposite Matunga Station, it puts a tenant's office staff on a five-second walk from one of the only Mumbai locations that catches both the Western and Central railway lines through Dadar Station (1 km north) plus Matunga Station for the Central line and Dadar TT for the bus interchange. The upcoming Metro Line 3 station at Siddhivinayak / Dadar is approximately 500 metres from the building footprint, opening up direct connectivity to the Bandra-Kurla Complex, the Worli business district, the Cuffe Parade financial cluster and the Chhatrapati Shivaji Maharaj International Airport.
The tenant profile is institutional-grade. The Ruby's column-less ~45,000 sqft floor plates support a single-tenant full-floor occupancy — the exact spec that financial-services majors, captive technology centres, family offices and large legal-and-consulting firms anchor on. The LEED Platinum certification is the only such credential in the Dadar commercial map; for institutional tenants whose ESG mandate requires green-certified built environments, The Ruby is the only Dadar address that ticks the box. The asset-class buyer profile splits two ways. The strategic owner-occupier — typically a South Mumbai family-office or operating business that has decided to consolidate from a leased BKC or Lower Parel space into a permanent freehold-equivalent commercial address — is the cleanest fit for the 5,861 sqft bare-shell unit at ₹32.24 crore. The yield-anchored investor — typically a NRI HNI or a domestic family office triangulating between BKC commercial yields and South Mumbai residential — is the second cleanest fit; at the prevailing Dadar commercial leasing band, a 5,861 sqft floor leases at approximately ₹14–18 lakh per month, implying a roughly 5.0–6.5% pre-tax rental yield depending on tenant credit and lease structure.
The honest cons. The Ruby's RERA history is not unblemished. The MahaRERA register lists 1 active complaint and a possession date that has materially shifted from the original December 2022 commitment to actual OC receipt approximately 39 months later. Buyers and tenants should treat that history with a clear-eyed view — the building is now OC-received and ready, but the developer track record on this specific project is one to validate via the documentation rather than the marketing. The bare-shell handover format on the 5,861 sqft sale unit means the buyer carries the full fit-out capex on their own balance sheet — at the prevailing Mumbai institutional fit-out rates of ₹3,500–5,000 per sqft, the all-in capex on a 5,861 sqft footprint is an additional ₹2.0–2.9 crore beyond the ₹32.24 crore ticket. The 13th floor 2,532 sqft lease unit is fully-furnished — that mitigates the issue for tenants but reduces the lease duration flexibility because a fully-furnished plate is typically structured around a longer minimum-commitment. Finally, the immediate Matunga Station precinct, while connectivity-rich, is meaningfully denser and louder than a BKC podium-level commercial setback — tenants who anchor on a curated low-density commercial campus may find the immediate streetscape an adjustment.
Configurations and the Pricing-Yield Ladder
| Format | Carpet | Asking | Implied math | Floor / fit-out |
|---|---|---|---|---|
| Sale (full-plate) | 5,861 sqft | ₹32.24 Cr | ₹55,008 PSF | 12th floor · Unit 1207 · Bare shell · City View |
| Lease (half-plate) | 2,532 sqft | ₹7.70 L / month | ~₹304 PSF / month | 13th floor · Fully furnished · Open View |
Reading The Ruby's commercial pricing
Property Butler benchmarks Dadar Grade-A commercial office sale PSFs in 2026 between ₹40,000 (legacy redevelopment commercial floors) and ₹62,000 (premium new-construction LEED-certified product). The Ruby's 5,861 sqft sale unit at ₹55,008 PSF sits in the upper band — a justified premium for the LEED Platinum credential, the column-less 45,000 sqft slab, and the dual-line railway connectivity. For comparison, comparable BKC Grade-A office commercial PSFs run between ₹85,000 and ₹110,000 — The Ruby's Dadar discount versus BKC is roughly 35–40% per sqft for an institutionally comparable spec, with a fifteen-minute drive separating the two micromarkets. On the lease side, the 13th floor fully-furnished 2,532 sqft unit at ₹304 PSF per month sits inside the prevailing Dadar Grade-A commercial leasing band of ₹250–350 PSF per month for ready-stock; for the tenant who values a furnished plug-and-play handover, the rental compares favourably to a comparable BKC fully-furnished half-plate at ₹450–600 PSF per month.
Comparison vs Two Nearest Peer Commercial Buildings
| Building | Sale PSF range | Lease PSF / month | Standout factor |
|---|---|---|---|
| The Ruby (Dadar) | ₹50,000 — ₹60,000 | ₹250 — ₹350 | Only LEED Platinum office in Dadar · column-less 45,000 sqft slab |
| Lower Parel Grade-A average | ₹55,000 — ₹75,000 | ₹300 — ₹400 | Phoenix-Kamala Mills cluster · deeper tenant pool · five-minute drive south |
| BKC Grade-A average | ₹85,000 — ₹110,000 | ₹450 — ₹600 | South Mumbai's institutional banking cluster · BFSI-anchored tenant mix |
Location and Connectivity
The Ruby sits on the Senapati Bapat Marg / Tulsi Pipe Road corridor immediately opposite Matunga Station — the only commercial address in central Mumbai with this exact connectivity geometry. Dadar Station, the only mainline Mumbai station catching both Western and Central railway lines, is approximately 1 kilometre north — a four-minute drive or a fifteen-minute walk through the Plaza-Cinema cluster. The upcoming Metro Line 3 station at Siddhivinayak / Dadar is approximately 500 metres from the building footprint. The Eastern Express Highway on-ramp is six minutes — South Mumbai (Nariman Point and the Cuffe Parade financial cluster) is twenty-five minutes off-peak, the Bandra-Kurla Complex is fifteen minutes, the Chhatrapati Shivaji Maharaj International Airport is twenty-eight minutes. The Bandra-Worli Sea Link entry-point at Mahim is eight minutes, and the Coastal Road interchange at Worli adds a high-speed connectivity vector to South Mumbai's western seafront. Tenants placing high value on staff catchment depth will note that The Ruby's catchment includes the entire Western and Central line corridors — a meaningful advantage versus a BKC location where employees must commute against the railway grain.
For institutional-grade tenant-supporting infrastructure, P. D. Hinduja Hospital Mahim is 1.5 kilometres, Tata Memorial Hospital and the KEM-Wadia hospital cluster are within ten minutes — the largest tertiary-care concentration anywhere in central Mumbai. The Phoenix Palladium and Kamala Mills retail-and-F&B clusters in Lower Parel are eight to ten minutes for client-and-staff hospitality. The Dadar Plaza precinct supplies the everyday F&B and retail catchment for daily staff convenience. For corporate hospitality, the four-and-five-star inventory at the Worli Sea Face (ITC Grand Central, Four Seasons, St. Regis Lower Parel) is twelve to fifteen minutes by car.
Property Butler's Verdict
Property Butler — verdict on The Ruby
The Ruby is the right answer for the institutional buyer or tenant who wants a Grade-A LEED Platinum office address in central Mumbai with dual-line railway connectivity, at a 35–40% PSF discount versus a comparable BKC spec. Our highest-conviction pick on the sale side is the 5,861 sqft 12th floor bare-shell unit at ₹32.24 crore — the LEED Platinum credential, the column-less slab, and the Matunga Station-adjacent connectivity together justify the ₹55,008 PSF ticket for the strategic owner-occupier. Buyers must commit a further ₹2.0–2.9 crore on fit-out capex; the all-in delivered position lands at approximately ₹35–35.5 crore for a usable 5,861 sqft floor. On the lease side, the 13th floor 2,532 sqft fully-furnished unit at ₹7.70 lakh per month is the cleanest plug-and-play half-plate in the Dadar commercial market — for a six-to-twelve-person SME, family office, legal practice or boutique consulting firm wanting an institutional-grade address without a fit-out lead-time, this is the highest-conviction lease we are currently transacting in central Mumbai. Buyers and tenants should both validate the MahaRERA P51900009854 register — including the active complaint history and the possession-timeline disclosure — and physically inspect the building's MEP, HVAC, fire-safety and ESG-certification documentation before signing. The OC-received status, the LEED Platinum credential, and the Property Butler-handled documentation chain give the transaction a high-trust transactional profile when these checks are completed.
Property Butler Inventory in The Ruby
The Ruby — Sale (full-plate office)
5,861 sqft · Floor 12 · Wing A · Unit 1207 · Bare shell · City View · OC Received
₹32.24 Cr
The Ruby — Lease (half-plate office)
2,532 sqft · Floor 13 · Fully furnished · Open View · OC Received
₹7.70 L / month
What The Ruby Buyers and Tenants Commonly Miss
The 45,000 sqft column-less slab is the institutional-grade differentiator. Most Dadar commercial inventory is built on legacy redevelopment plot footprints with internal columns at 6-to-9-metre spacing — this materially constrains the open-floor configurability that institutional tenants require. The Ruby's column-less slab is a structural-engineering choice that supports the entire universe of modern open-plan office layouts, including trading floors, captive-tech bullpens, and customer-experience halls. LEED Platinum is a hard ESG-mandate fit, not a marketing line. For institutional tenants whose corporate ESG framework requires their leased footprint to sit inside a green-certified built environment, LEED Platinum is the highest commercial green-building standard. The Ruby is the only Dadar address that ticks this box. The Matunga Station catchment runs 12 hours a day, not 9 to 5. Unlike a BKC-only catchment which is structurally a one-way commute, Matunga Station-adjacent staff catchment supports both early-shift back-office and late-shift trading-floor operations on the same address — an operational benefit that translates into lower attrition for shift-based businesses. The 39-month possession-timeline shift is a documented historical fact, not a current operational issue. The Ruby is now OC-received and operationally ready — the historical timeline shift is relevant to the developer track-record diligence rather than to the current asset's operational readiness, which is verifiable on inspection. The 5,861 sqft full-plate sale ticket of ₹32.24 crore plus ₹2.0–2.9 crore fit-out is roughly equivalent to a 30-month BKC fully-furnished lease of comparable floor plates. For the strategic owner-occupier with a ten-to-twenty-year operating horizon, the freehold mathematics versus the lease mathematics meaningfully favours the Dadar acquisition.
Talk to Property Butler about The Ruby
We hold a 5,861 sqft 12th-floor bare-shell sale unit and a 2,532 sqft 13th-floor fully-furnished lease unit. RERA P51900009854 verification, OC documentation, MEP / HVAC / fire-safety inspections, lease-deed structuring and bank approvals — handled in-house by our team.
See our Ruby Tower unitsWhatsApp UsFrequently Asked Questions about The Ruby
Is The Ruby RERA approved?
Yes. The Ruby is registered under MahaRERA P51900009854 with one active complaint on the register. Project status, OC, and the full RERA disclosure can be verified at maharera.mahaonline.gov.in.
What is the price per sqft at The Ruby?
Property Butler is currently transacting The Ruby's 5,861 sqft 12th-floor full-plate sale at ₹55,008 per sqft. Comparable Dadar Grade-A commercial sale PSFs run between ₹50,000 and ₹60,000.
What is the lease rate at The Ruby?
The 13th-floor fully-furnished 2,532 sqft half-plate is leasing at ₹7.70 lakh per month, an all-in rental of approximately ₹304 per sqft per month. The Dadar Grade-A commercial leasing band runs ₹250–350 per sqft per month.
Is The Ruby a residential or commercial building?
The Ruby is a Grade-A commercial office tower with 63 units and column-less ~45,000 sqft floor plates. It is the only LEED Platinum-certified office address in Dadar.
When is The Ruby possession?
The Ruby is operationally ready — OC has been received and Property Butler's two live units (1 sale, 1 lease) are immediately occupiable. The original possession date was December 2022 and the actual OC was received approximately 39 months later.
Are home loans / commercial loans approved for The Ruby?
Yes. SBI, HDFC Bank, ICICI Bank and Axis Bank all underwrite Grade-A commercial property purchases subject to standard institutional-borrower or HNI-borrower eligibility. Property Butler can arrange in-principle approval and disbursement on a per-buyer basis.
How does The Ruby compare to BKC commercial offices?
The Ruby asks ₹55,008 per sqft for sale versus a BKC Grade-A average of ₹85,000–110,000 per sqft — a 35–40% per-sqft discount for an institutionally comparable LEED Platinum-certified product, with a fifteen-minute drive separating the two micromarkets.