IMC Sets New Benchmark with Record-Breaking Mumbai Office Lease
Real Estate giant IMC leases office space in Mumbai's Maker Maxity 4 North Avenue building, setting a new record for one of India's highest rental deals.
Real EstateMumbaiOffice LeasingImcAlgo Based TradingReal Estate MumbaiJun 14, 2024
This record-breaking deal comes at a time when the Mumbai Metropolitan Region is witnessing a surge in office rental values. According to recent data, the monthly average office rental value in the region has jumped from Rs 130 per sq ft in H1 FY23 to Rs 136 per sq ft in H1 FY24.
The leased space, located on the 4th floor of Maker Maxity 4 North Avenue building, is a testament to IMC's commitment to expansion and growth in the Indian market.
IMC is a leading algo-based trader that operates in various markets around the world. The company is known for its innovative approach to trading and its commitment to using cutting-edge technology to stay ahead in the market.
Maker Maxity 4 North Avenue is a premier commercial building located in the heart of Mumbai. The building is a popular choice among top corporations and financial institutions, offering state-of-the-art amenities and infrastructure.
IMC is a global algo-based trader that specializes in trading various financial instruments. With a strong presence in multiple markets, the company is committed to innovation, excellence, and customer satisfaction.
Frequently Asked Questions
Where is the leased office space located?
The leased office space is located on the 4th floor of Maker Maxity 4 North Avenue building in Mumbai.
What is the monthly rent of the leased space?
The monthly rent of the leased space is Rs 40.81 lakh.
What is the lease period of the deal?
The lease period is 5 months, starting from June 16.
What is the current trend in office rental values in Mumbai?
The monthly average office rental value in Mumbai has jumped from Rs 130 per sq ft in H1 FY23 to Rs 136 per sq ft in H1 FY24.
What is IMC's business focus?
IMC is a leading algo-based trader that operates in various markets around the world, specializing in trading various financial instruments.
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