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A Landmark Leasing Move in Mumbai’s Financial Heart
JP Morgan, the global financial powerhouse, has made a major move in Mumbai’s commercial real estate market by pre-leasing 1.16 lakh sq ft of premium office space in a Grade-A tower at Bandra Kurla Complex (BKC). The tower is being developed by Goisu Realty, a subsidiary of Japan’s Sumitomo Realty & Development Company. According to property registration documents, the lease commands a monthly rent of ₹60.91 million for a tenure of 10 years, with a 15% escalation every three years.
The agreement covers the 11th and 12th floors of the tower, each spanning 58,105 sq ft. JP Morgan has paid a security deposit of ₹620.23 million, reflecting the scale and strategic importance of the deal. The lease also includes an option to extend for another 15 years, in three terms of five years each, providing flexibility and long-term stability.
Located on Plot No. 65 in G Block of BKC, the tower is set for handover by October 1, 2026. The building features six basements, a ground floor, 12 office floors, and a terrace—offering state-of-the-art infrastructure for global businesses.
This lease marks a significant expansion for JP Morgan, which already operates a massive back-office facility in Mumbai’s Goregaon suburb, where it leased 1.16 million sq ft at Nirlon Knowledge Park in 2022. The new BKC space is expected to serve as the firm’s front-office operations, further cementing Mumbai’s status as a global financial
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