Times Tower — A Full-Floor 12,850 sqft Commercial Anchor in Kamla Mills
Times Tower is a Grade-A commercial tower inside the Kamla Mills compound at Lower Parel — Mumbai's most established new-economy office cluster, home to Phoenix Palladium, the Trade & Tax filing belt and the largest concentration of agency, advertising, fintech and venture-funded operating-company tenancy outside BKC. Property Butler is live with one of the rarest formats in the entire Lower Parel office stack: a full-floor 12,850 sqft commercial unit at ₹39 Cr on the 4th floor, Ready to Move In with Occupation Certificate received. The building stands at 1 tower G+14 with each floor measuring approximately 20,000 sqft total built-up — meaning the 12,850 sqft offer corresponds to an OC-received, partition-ready full-side floor plate. Property Butler tracks zero comparable full-floor inventory across the wider Lower Parel market right now — full-floor Kamla Mills stock at this scale is structurally scarce.
Times Tower · Kamla Mills · Lower Parel · May 2026
₹39 Cr
Full-Floor Commercial · 12,850 sqft · 4th Floor · OC Received · Kamla Mills
Snapshot — At a Glance
Why Times Tower — Buyer Perspective
The buyer for Times Tower is the operating-company HQ buyer looking to anchor in the Kamla Mills cluster — typically a 80-150 person team that has outgrown 4,000–6,000 sqft serviced offices and now wants a long-hold owned floor plate with name-on-board signage rights, exclusive lift dedication and the ability to do a private fit-out without landlord constraint. The Kamla Mills cluster commands a structural rental and capital premium over the wider Lower Parel band because it concentrates the F&B, retail, daycare, banking, gym and lifestyle anchor density that talent expects within a 200-meter walk — the Phoenix Palladium / High Street Phoenix retail spine sits 250 meters from the building entrance, and the Lower Parel station is a 7-minute walk. For a buyer underwriting on a 7-10 year hold, the ₹39 Cr ticket at 12,850 sqft works out to ~₹30,350 per sqft on carpet — that is roughly 40-45% below the Lower Parel locality residential average of ₹52,050 per sqft that Property Butler tracks across the broader sale market, reflecting the standard commercial-vs-residential PSF differential and the scarcity of full-floor-on-sale stock.
The pros: Kamla Mills micro-cluster — the highest-density tenant ecosystem outside BKC, with the F&B, retail, banking, gym and daycare anchors that talent expects in a 200-meter radius; full-floor 12,850 sqft with ~20,000 sqft per floor build means the buyer can do a private side-floor fit-out with a defined lift bank, dedicated reception and signage rights — institutional tenancy specs that smaller floor plates cannot deliver; OC received means the buyer can register, take possession and start fit-out within 30–60 days; in-building amenity stack (cafeteria, banks, ATMs, retail outlets, in-house parking, food court) reduces talent commute friction; Lower Parel station 7-minute walk connects the building to the western suburbs, Andheri Metro, BKC bus connect, and the Coastal Road Phase 2 expansion. The cons we are honest about: this is a commercial buy at a ₹39 Cr ticket — the buyer cohort is narrow, which means resale liquidity hinges on operating-company demand at exit, not retail-investor demand; the Lower Parel commercial market has experienced softening rentals in the 2023–2025 cycle as IT-services consolidation reduced absorption — a buyer underwriting must stress-test rentals and exit cap rates accordingly; the 4th floor is mid-stack — sky-floor view and signage premium accrues to higher-floor stock — so resale to a brand-conscious buyer at exit may need a discount; and Lower Parel infrastructure stress (the 13:30–14:30 lunch traffic on Senapati Bapat Marg, the Phoenix-driven weekend congestion) is real and needs to be factored into the talent-experience calculus.
Configuration & Pricing
The full-floor format is the differentiating feature. Across Lower Parel commercial sale stock, Property Butler tracks predominantly partition-formatted suites (1,500 to 4,500 sqft) and serviced-office units (200 to 800 sqft). True full-floor sale stock at 10,000+ sqft is exceptionally rare in Kamla Mills — the cluster transacts mostly on rent, with sale stock surfacing only when an original allottee corporate exits the asset entirely. Times Tower's full-floor sale at 12,850 sqft therefore commands a scarcity premium on liquidity terms even if not on PSF terms.
Comparison vs Two Nearest Lower Parel Commercial Peers
The right way to read this comparison: Times Tower sits at the value-end of the Kamla Mills / Lower Parel commercial sale stack — the buyer is trading the trophy-tower premium of One India Bulls Centre or Peninsula Business Park for a meaningful PSF discount on a smaller floor plate, while still securing the same Kamla Mills micro-cluster anchor. For a 80–150 person operating-company HQ buyer, that trade is rational; for a brand-driven trophy-asset buyer, the trophy-tower premium delivers the signage and reception spec that Times Tower cannot.
Location & Connectivity — Kamla Mills, Lower Parel
Times Tower sits inside the Kamla Mills compound at Senapati Bapat Marg, Lower Parel. Distances: Lower Parel Railway Station ~600 meters (~7 minutes walk), Mahalaxmi Railway Station ~1.5 km (~6 minutes), Elphinstone (Prabhadevi) Station ~1.2 km (~5 minutes), Phoenix Palladium / High Street Phoenix ~250 meters (~3 minutes walk), BKC ~6 km via Sea Link (~16 minutes off-peak), Mumbai International Airport ~17 km (~30–38 minutes). The Mumbai Metro Line 3 (Aqua Line) Worli station sits ~1.5 km — the Aqua Line will reduce BKC commute to ~12 minutes once the corridor is fully operational, materially expanding the Lower Parel commercial catchment to BKC-priced talent. The Coastal Road Phase 2 connecting Worli to Versova will add western-suburbs commute compression once commissioned. In-cluster amenity: Phoenix Palladium retail, High Street Phoenix mall, the Kamla Mills F&B strip (Bombay Canteen, Hakkasan, Yauatcha, BlueFROG, Hard Rock Café, Toast & Tonic), gymnasium and yoga studio anchors, daycare, banking and dental. For talent commute: the Lower Parel station is on the Western Line with direct connectivity to Bandra, Andheri, Borivali and Virar; the Eastern Express Highway is ~2 km via Senapati Bapat Marg connecting to the Eastern Suburbs and Navi Mumbai.
Property Butler's Verdict
Buy this if you are an operating-company HQ buyer who values the Kamla Mills cluster anchor and wants full-floor signage and lift dedication at a meaningful PSF discount to trophy-tower stock. The ₹39 Cr ticket at 12,850 sqft on carpet works out to roughly ₹30,350/sqft, which is competitive against Kamla Mills and Lower Parel commercial peers and structurally cheaper than BKC trophy stock. The 4th-floor positioning is a trade-off — buyers seeking sky-floor signage will compromise here — but the OC-received, full-floor-with-private-lift-bank format is exactly what an 80-150 person team needs to anchor a 7-10 year fit-out cycle. Negotiate on: GST inclusivity (₹39 Cr ticket on commercial typically attracts GST), parking ratio confirmation in the agreement (Lower Parel commercial parking is structurally tight — 1 slot per 1,500–2,000 sqft is standard), maintenance pass-through clarity, and any tenant-improvement allowance the seller is willing to underwrite. Skip if you are an investor with a 3-year IRR mandate — commercial PSF expansion in Lower Parel has been muted in the 2023–2025 cycle and rental softening has compressed cap rates. — Property Butler
Property Butler Inventory in Times Tower
- Full-floor commercial · 12,850 sqft · ₹39 Cr · 4th floor · City View · Ready to Move In · OC Received · Kamla Mills
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WhatsApp us about Times TowerFAQ — Times Tower Kamla Mills Lower Parel
What is the price of Times Tower office space?
Property Butler is live with a full-floor 12,850 sqft commercial unit at ₹39 Cr on the 4th floor, Ready to Move In with OC received. That works out to approximately ₹30,350 per sqft on carpet, which is competitive against Kamla Mills and Lower Parel grade-A commercial stock.
How big is Times Tower?
Times Tower is a single-tower G+14 building with approximately 2,60,000 sqft total built-up area, with each floor measuring approximately 20,000 sqft. The building is OC received and operational.
What amenities are available at Times Tower?
On-site amenities include cafeteria, banks, ATMs, retail outlets, in-house parking and a food court. The Kamla Mills compound additionally delivers high-density F&B, retail, banking, gym and daycare anchors within a 200-meter walking radius.
How far is Times Tower from Lower Parel station?
Approximately 600 meters (~7 minutes walking distance from the Kamla Mills compound entrance to the Lower Parel Western Line station).
Is Times Tower ready for fit-out?
Yes — the building is OC received and the PB inventory is Ready to Move In. A buyer can register, take possession and commence private fit-out within 30–60 days of agreement.
What is the parking ratio at Times Tower?
Property Butler can confirm exact parking allotment per the agreement during the deal. Lower Parel commercial parking is structurally tight — buyers should benchmark 1 slot per 1,500–2,000 sqft as the corridor norm and confirm in-building stack-park or basement parking allocation.
What businesses typically occupy Times Tower?
The Kamla Mills cluster anchors agency, advertising, fintech, venture-funded operating-companies and consulting firm tenancy. Times Tower is positioned for similar tenant profiles — typically operating-company HQs in the 80-150 employee band.