By Arosh John | Founder – John Real Estate (MahaRERA A51700001835) | Editor-in-Chief – Thane Real Estate News (TREN)
Mumbai | November 2025
Germany-headquartered Bernhard Schulte Shipmanagement (BSM), through its India arm, has purchased six floors of office space in Kalpataru Virtus, Vikhroli (West), for approximately ₹304 crores.
The deal covers 93,226 sq ft of usable area—floors 15 to 20 of the Grade-A commercial tower—and is among Mumbai’s most significant office transactions of 2025, according to official developer filings and public registry data.
BSM, a global leader in ship management and maritime services, is expected to consolidate its India headquarters in the new premises once the project is completed. The tower is currently under construction and scheduled for handover by December 2028.
Developed by Kalpataru Ltd, Virtus is strategically located at the junction of the JVLR and LBS Road in Vikhroli, offering modern architecture, flexible floor plates, and LEED-compliant specifications designed for multinational occupiers.
Market analysts note that the transaction signals renewed corporate confidence in Mumbai’s office market, particularly in the emerging eastern business corridor spanning Powai, Kanjurmarg, and Vikhroli. The move is also seen as strengthening investor sentiment and reinforcing the JVLR–Thane belt as a future growth zone for premium commercial assets.
About the Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN) — a digital platform dedicated to factual, data-driven coverage of Mumbai Metropolitan Region’s evolving property market. With over a decade of on-the-ground experience across Thane and the MMR, he writes on infrastructure, policy, and market dynamics that influence real estate value.
Disclaimer
This report is based on verified developer filings and reputable media sources, including The Economic Times, Business Standard, and Hindustan Times, as of November 2025. Thane Real Estate News (TREN) does not assume responsibility for any subsequent revisions in project timelines, pricing, or area statements. All trademarks and entity names belong to their respective owners.
