German maritime major Bernhard Schulte Shipmanagement (BSM) has expanded its footprint in India by acquiring six floors of office space in Mumbai’s Vikhroli area. The company purchased the space at Kalpataru’s premium commercial tower for over ₹304 crore, marking one of the significant office acquisitions in the city’s commercial real estate market.
The newly acquired property spans approximately 1 lakh sq ft of carpet area, covering the 15th to 20th floors of the tower. The office block is part of a built-to-suit commercial project featuring a basement, ground floor, ten levels of podium parking, and 20 floors of premium office space. The entire tower, which offers a total carpet area of about 2.81 lakh sq ft, is expected to be ready for possession by December 2027.
BSM’s new Mumbai office will serve as its India headquarters, integrating the company’s ship management, technical, crewing, and digital operations under one roof. The move highlights BSM’s commitment to strengthening its presence in India, a key hub for global maritime talent and services. The company has already made significant investments in India, including its maritime training centre in Kochi and other initiatives focused on seafarer development.
This acquisition reflects a broader trend among multinational corporations choosing to own or pre-commit office spaces in major Indian cities such as Mumbai, Bengaluru, Hyderabad, and Pune. Demand for built-to-suit and premium office spaces has been increasing as companies look for long-term operational stability and modern infrastructure.
For Kalpataru Group, the developer of the tower, this deal adds to its strong commercial real estate performance. The company recorded commercial sales worth around ₹1,200 crore over the past year and continues to strengthen its presence in the high-demand Mumbai office market.
The transaction between BSM and Kalpataru underscores the continued confidence of global firms in India’s commercial real estate sector, driven by robust infrastructure, growing economic activity, and access to skilled talent.
Also Read: NCR and Chennai Lead FY26 Housing Market Surge; Home Sales Value to Rise 19%
