One Indiabulls Centre – Khaitans new address

Come November 1, Khaitan & Co., Mumbai, will no longer be available on R.K. Marg. Khaitan will soon be shifting to the One Indiabulls Centre, Mumbai’s first high end commercial development..“Our Meher Chambers office is about 11,000 square feet. Our new office will be about 30,000 square feet. It is intended to house about 400-450 people. If you see our new office, you’ll just say ‘wow’,” Mumbai Partner Rabindra Jhunjhunwala told Bar & Bench..Come November 1, Khaitan & Co., Mumbai, will no longer be available on R.K. Marg. Khaitan will soon be shifting to the One Indiabulls Centre, Mumbai’s first high end commercial development..Khaitan’s current offices at Meher Chambers in Ballard Estates on R.K. Marg have about 100 lawyers and about the same number of staff. The One Indiabulls Centre is on Senapati Bapat Marg in Lower Parel and covers an area of about 10 acres. The project comprises two 18-storey towers and two 20-storey towers atop a landscaped podium. The project includes a large central landscaped plaza, fine dining restaurants, food courts, club house and recreation areas, besides corporate offices..“Our Meher Chambers office is about 11,000 square feet. Our new office will be about 30,000 square feet. It is intended to house about 400-450 people. If you see our new office, you’ll just say ‘wow’,” Mumbai Partner Rabindra Jhunjhunwala told Bar & Bench..Many Mumbai law firms are shifting from the traditional Fort area to Lower Parel, which has become the new hub for law firms. Amarchand Mangaldas moved to Peninsula Towers in Lower Parel several years ago. Anuj Nautiyal, the CEO of BNP Paribas Redwoods Real Estate, a real estate consulting and advisory firm, feels that this is a multi-pronged strategy for law firms. Since most prominent industries and financial institutions are moving away from Nariman Point and other South Bombay areas, this will help the law firms stay closer to clients. There is the added advantage of reduced real estate costs and larger contiguous space for lawyers, with sufficient amenities provided within the office space..Mergers and expanding practices are the biggest reasons to look for new office space. J. Sagar Associates in Bangalore moved from their Airport Road office to a larger space off Lavelle Road when they merged with M&C Partners. Anup Shah Law Offices, after their merger with AZB & Partners, are proposing to move to a larger office off Cunningham Road. Recently, Priti Suri & Associates, who is planning to expand its 13-lawyer team, moved from their Delhi offices on Hailey Road to a larger one in Barakhamba Road.