JP Morgan Secures 1.16 Lakh Sq Ft Office Space in Mumbai's BKC for Rs 6.9 Crore/Month
JP Morgan's India arm has pre-leased 1.16 lakh square feet of office space at an upcoming development in Mumbai's Bandra Kurla Complex (BKC) for a monthly rent of Rs 6.91 crore. The lease is expected to commence in October 2026.
Jp MorganMumbaiBkcOffice SpaceReal EstateReal Estate MumbaiJun 25, 2025
The lease is expected to start from October 2026, according to transaction documents accessed by real estate data analytics firm PropStack. The agreement was sealed on June 16, 2025, and over the agreed ten-year lease, the rent is slated to increase by 15 percent every three years.
The pre-leased space is located on the 11th and 12th floors of the under-construction property in BKC's G-Block, where a number of banking and financial services giants have their corporate offices. Additionally, the area is home to professional services firms, government entities, convention centers, and the US Consulate in Mumbai.
Goisu Realty leased the land parcel from the Mumbai Metropolitan Region Development Authority (MMRDA) in June 2020 for an 80-year period. The company also has another under-construction project in the area. JP Morgan has existing offices in Mumbai at Goregaon (East) and on the northern edge of BKC.
A spokesperson for JP Morgan declined to comment on the matter. Goisu Realty could not be reached for comment.
Property experts say that despite current issues related to infrastructure and the lack of new Grade-A office space supply, BKC and its surroundings remain the preferred destination for financial services firms. The area boasts very low levels of vacancy, and rents routinely trade above Rs 500 per square foot per month.
After years of lean supply, the two under-construction developments by Goisu Realty are attracting attention from numerous companies for leasing, according to property consultants. Recent land allotments by MMRDA to various entities are also expected to increase high-quality office supply in the area. Besides Goisu Realty, companies such as Prestige Group and Adani Realty are also undertaking office and mixed-use developments in the area.
Frequently Asked Questions
What is the total area leased by JP Morgan in BKC?
JP Morgan has leased 1.16 lakh square feet of office space in BKC.
What is the monthly rent for the leased space?
The monthly rent for the leased space is Rs 6.91 crore.
When is the lease expected to start?
The lease is expected to start from October 2026.
Who is the developer of the under-construction property?
The under-construction property is being developed by Goisu Realty, a subsidiary of Sumitomo Realty and Development.
Why is BKC a preferred location for financial services firms?
BKC is preferred due to its low levels of vacancy, high-quality office space, and the presence of numerous financial and professional services firms.
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