Runwal Commerz Wagle
Grade-A office floors and retail at Wagle Estate
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Project at a glance
- Carpet area
- 500 – 4,200 sq.ft.
- Possession
- June 2027
- Property type
- Commercial
- Price per sq.ft.
- ₹ 16,900
- Floors
- G + 21
- Land area
- 3.2 acres
- Launched
- August 2024
Why this project
- 6–8% gross commercial yields
- Flexible 500 to 4,200 sq.ft. floor plates
- Metro Line 4 at 600 m
- Double-height retail frontage
Our analysis
Why commercial yields beat residential
A Thane residential flat returns 2.4–3.6% gross. A Grade-A office floor in Wagle Estate returns 6–8%. The trade-off is a longer vacancy risk and a more demanding tenant search.
What the numbers say
- Wagle Estate Grade-A office rents are at ₹ 95 – ₹ 130 per sq.ft. per month.
- Thane office vacancy has compressed from 19% to 11% over three years as occupiers decentralise out of BKC and Lower Parel.
- Commercial leases run 5+ years with 15% escalation every three years — far more predictable cash flow than residential.
The catch to price in
Commercial carries 12% GST with input credit available, higher stamp duty, and no home-loan tax benefit. Vacancy between tenants can run 3 to 6 months. Size the position accordingly.
Floor plans & pricing
| Configuration | Carpet area | Built-up | Price |
|---|---|---|---|
| Boutique Office | 500 sq.ft. | 720 sq.ft. | ₹ 85 L |
| Standard Floor Plate | 1,650 sq.ft. | 2,380 sq.ft. | ₹ 2.78 Cr |
| Full Floor | 4,200 sq.ft. | 6,050 sq.ft. | ₹ 6.50 Cr |
Areas are as declared by the developer. Prices exclude stamp duty, registration, GST and other statutory charges — ask us for a line-item cost working.
Amenities
- 24x7 Security
- Power Backup
- Covered Parking
- Rainwater Harvesting
- EV Charging
- Co-working Lounge
- Concierge Desk
Location
Grade-A office floors and retail at Wagle Estate
Wagle Estate is Thane's office district. For commercial investors, Grade-A office floors here deliver 6–8% gross yields — roughly double what residential inventory in the same city returns. Read the Wagle Estate guide →
Frequently asked questions
- Grade-A office space in Wagle Estate currently returns 6–8% gross. Against Thane residential at 2.4–3.6%, that is roughly double the cash flow.
- GST is 12% with input credit available, stamp duty is higher than residential, and home-loan interest deduction under Section 24 does not apply. We model the post-tax return for you before you commit.
- Mid-size IT services firms, BFSI back offices and healthcare chains decentralising from South Mumbai and BKC to Thane.
Verification & disclosure
This project is registered with MahaRERA under P51700030214. Verify independently at maharera.maharashtra.gov.in before booking. RealTTech Property Consultants acts as a channel partner and advisory consultant, not as the promoter. Prices, areas and possession dates are indicative and supplied by the developer.