McKinsey Secures 10-Year Lease in Mumbai's BKC for ₹2.58 Crore Monthly
McKinsey renews Mumbai BKC office lease at Rs 2.58 crore monthly rent
Business StandardImage: Business Standard
McKinsey & Company has renewed its office lease in Mumbai's Bandra-Kurla Complex (BKC) at a monthly rent of ₹2.58 crore for over 35,520 square feet. The lease spans 10 years and includes a 5% annual rent escalation, making it one of the costliest deals in the area.
- 01McKinsey's renewed lease is for 35,520 square feet in Mumbai's BKC.
- 02The monthly rent of ₹2.58 crore translates to ₹759 per square foot for ground-floor units.
- 03The lease includes a 5% annual rent escalation over its 10-year duration.
- 04Average rent in BKC is around ₹350 per square foot, highlighting the premium nature of McKinsey's deal.
- 05Mumbai's office transactions surged 60% year-on-year in Q1 2026.
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McKinsey & Company India LLP has renewed its office lease in Mumbai's Bandra-Kurla Complex (BKC), one of India's most expensive business districts, for a monthly rent of ₹2.58 crore. This lease covers over 35,520 square feet of office space in the Maker Maxity building, specifically across the ground, first, second, and ninth floors of the North Avenue tower. The rent is set at ₹759 per square foot for the ground-floor units and ₹705 per square foot for the upper floors, with a 5% annual escalation clause. This deal ranks among the highest in BKC, where average rents are around ₹350 per square foot. Other notable tenants in the area include Tesla and Apple, with varying rental rates. The lease will commence on October 1, 2026, and McKinsey has made a deposit of ₹30.94 crore. The office market in Mumbai is witnessing robust growth, with 5.6 million square feet of transactions recorded in Q1 2026, a 60% increase from the previous year, driven by global capability centres and India-focused businesses.
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This lease renewal indicates a strong demand for premium office space in Mumbai, potentially influencing rental prices and attracting more businesses to the area.
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