CRISIL Relocates Headquarters to Powai, Signs ₹600 Crore Lease at Hiranandani Lightbridge

Powai, Mumbai | Business News:

CRISIL Ltd, India’s leading credit rating and analytics company, has relocated its headquarters to Powai, strengthening the area’s position as a major corporate and financial hub. The company has signed a long-term lease worth approximately ₹600 crore for 2.5 lakh square feet of office space at Hiranandani Lightbridge, located in Hiranandani Gardens, Powai.

Major Corporate Move Boosts Powai’s Commercial Profile

According to industry sources, the lease agreement marks one of the largest office leasing deals in Powai in recent times. CRISIL’s decision to move its headquarters to Hiranandani Lightbridge reflects the growing demand for Grade-A commercial spaces in the Powai–Hiranandani belt, which offers world-class infrastructure and connectivity.

Strategic Location and Modern Infrastructure

Hiranandani Lightbridge is known for its state-of-the-art office facilities, sustainable design, and proximity to key business districts. The development offers seamless connectivity to JVLR, Eastern Express Highway, LBS Road, and key parts of Mumbai, making it an attractive destination for large corporates.

Confidence in Powai as a Business Hub

CRISIL’s relocation is expected to further enhance Powai’s reputation as a preferred destination for corporate headquarters, particularly in the financial services and analytics sector. Real estate experts say such high-value deals indicate strong confidence in Mumbai’s commercial real estate market, especially in micro-markets like Powai.

Economic Impact and Employment Opportunities

The move is also likely to generate employment opportunities and increased economic activity in the area, benefiting local businesses, hospitality, and service sectors around Hiranandani Gardens and Powai Lake.

With global companies increasingly choosing Powai for large-scale operations, the locality continues to emerge as one of Mumbai’s most sought-after commercial and residential destinations.