McKinsey Secures 35,520 sq ft Office Space in Mumbai's BKC for ₹2.58 Crore Monthly Rent
McKinsey leases 35,520 sq ft office space in BKC in Mumbai for ₹2.58 crore monthly rent
Hindustan Times
Image: Hindustan Times
McKinsey and Company India LLP has renewed its lease for 35,520 sq ft in Maker Maxity, Bandra-Kurla Complex, Mumbai, at a monthly rent of ₹2.58 crore. The lease, effective until October 2026, includes a 5% annual escalation and a security deposit of ₹30.94 crore.
- 01McKinsey's renewed lease covers 35,520 sq ft in Mumbai's Bandra-Kurla Complex.
- 02The monthly rent is set at ₹2.58 crore, with a 5% annual escalation clause.
- 03The lease agreement has a tenure of 10 years and includes a security deposit of ₹30.94 crore.
- 04BKC is one of India's most expensive commercial districts, hosting major global companies.
- 05Previous leases for the space were signed in 2021, with significant rent escalations.
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McKinsey and Company India LLP has renewed its office lease at Maker Maxity in Bandra-Kurla Complex (BKC), Mumbai, for a monthly rent of ₹2.58 crore. This lease, effective from October 1, 2026, covers approximately 35,520 sq ft across multiple floors. The agreement includes a 5% annual escalation clause and a security deposit of ₹30.94 crore. The current lease builds upon three earlier agreements made in 2021, which have seen significant rent increases due to standard escalation clauses. BKC is a central business district in Mumbai, known for its high rental rates and as a hub for the Banking and Financial Services Industry (BFSI) and Fortune 500 companies. The area is home to global firms such as Apple, Netflix, and Amazon, alongside major financial institutions. Other recent notable transactions in BKC include leases by Google India and JP Morgan, further establishing the area as a prime location for commercial real estate.
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This lease renewal indicates strong demand for office space in Mumbai's commercial real estate market, which may influence rental prices for other businesses in the area.
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