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Derive Trading and Resorts Private Limited, described by Hindustan Times as a firm linked to DMart founder Radhakishan Damani, has leased a 6,831-square-foot apartment at Three Sixty West in Mumbai’s Worli for an initial rent of ₹28.5 lakh a month. The newspaper attributes the transaction details to property registration documents accessed by Zapkey; the documents were not independently reviewed, and the retrieved report does not include a company response.
What was leased, and to whom?
The reported lessor is Derive Trading and Resorts Private Limited, and the tenant is IVL Dhunseri Petrochem Industries Private Limited. The apartment is on the 19th floor of Tower B at Three Sixty West, on Dr Annie Besant Road in Worli. The report gives its area as 6,831 square feet and says the lease includes four car parking spaces.
How the rent changes over the three-year term
The reported lease runs for 36 months, with rent rising each year:
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| Lease period | Reported monthly rent |
|---|---|
| Year one | ₹28.5 lakh |
| Year two | ₹29.925 lakh |
| Year three | ₹31.42125 lakh |
Hindustan Times reports total rent of about ₹10.78 crore over the 36-month term. It also reports a security deposit of ₹1.71 crore, stamp duty of ₹2.83 lakh and a registration fee of ₹1,000. The transaction was executed on September 28, 2026, according to the newspaper’s account of the registration-document details.
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How it compares with another reported lease in the building
Hindustan Times says Derive Trading and Resorts leased another apartment in Three Sixty West to One SGG Ventures LLP in May 2026, at a reported monthly rent of ₹27.5 lakh. That is ₹1 lakh below the starting monthly rent in the later lease. The report does not provide enough information about the earlier apartment’s size, lease term or other terms to establish that the two deals are directly comparable.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the report does—and does not—establish
The figures describe this reported transaction; they are not a market-wide rent index. Although the newspaper characterizes the lease as among Mumbai’s costliest rental deals, the available account does not establish a comprehensive ranking across the city’s transactions. The report says it sent queries to Derive Trading and Resorts, DMart and IVL Dhunseri Petrochem Industries, but no company response appears in the retrieved text.
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