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There are cheaper options. I wonder why have such a huge place in Mumbai when all you will do is sleep few nights
There will be a lockdown soon.

Firms will have to shut Offices.

Why waste money?
I doubt there would be a full and complete lockdown again. That said, try negotiating with your landlord for an early termination of lease. Also, speak with your office if they permit WFH in light of the new variant. Such horrible times :(
Don't. It's too big an investment. Find some temporary Lodging till then. Like a good PG or something.