Raheja Universal and Dow Extend 72,811 Sq. Ft. Commercial Agreement at Vashi NX

Five year lock in structured at ₹125 per sq. ft. with annual escalation and 12 month security deposit for incubation facility

Mumbai: Raheja Universal has renewed its commercial arrangement with Dow at the Vashi NX Incubation Centre in Navi Mumbai, covering 72,811 sq. ft. of carpet area.
The agreement has been structured at ₹125 per sq. ft., inclusive of maintenance. It carries a five year lock in for both parties, a 5 percent annual escalation and a 12 month security deposit. The premises also include 73 dedicated car parking spaces.
Dow has operated from the facility for over 11 years. During this period, the Vashi NX micro market and the broader Navi Mumbai region have witnessed infrastructure improvements including enhanced road access, suburban rail connectivity and proximity to key business corridors. The upcoming Navi Mumbai International Airport has further strengthened commercial confidence in the node.

Within the Vashi NX cluster, Raheja Universal has developed a mix of residential, commercial and industrial projects under its Raheja District framework. Residential developments such as Solaris and Lunaris have added to local housing supply, while Prime at WTC Navi Mumbai has strengthened the commercial profile of the area by attracting multinational occupiers. Industrial projects including Raheja Tesla I and Raheja Tesla II have created organised infrastructure for enterprises seeking connected facilities.

The renewed agreement reflects continued corporate occupancy and sustained commercial activity in Navi Mumbai’s Vashi NX micro market.

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