McKinsey Renews Lease for 35,520 sq ft Office Space in Mumbai's BKC

Mumbai, May 7: McKinsey & Company has renewed its Mumbai office lease in Bandra Kurla Complex at high rental rates, reflecting sustained demand for prime commercial space. The deal involves rentals of as much as Rs 759 per sq ft a month, placing it among India's costliest office leases.

Lease Details

The lease, effective October 1, 2026, covers the ground, first, second and ninth floors at Maker Maxity-1 North Avenue in BKC and has been signed for 10 years. McKinsey & Company India LLP has renewed the lease for a total chargeable area of 35,520 sq ft. The agreements include a 5% annual escalation clause, in line with prevailing market practice for institutional-grade office assets.

Rental Structure and Commitment

The ground floor has been leased at Rs 759 per sq ft a month, while the second and ninth floors are priced at Rs 705 per sq ft a month. The total monthly rental outgo is estimated at around Rs 2.58 crore. Including annual escalation, the total rental commitment over the 10-year tenure is estimated at around Rs 390 crore. The security deposit stands at Rs 30.94 crore.

Among India's Costliest Office Leases

The transaction ranks among the country's top five costliest office leases in terms of monthly rentals per sq ft. Other high-value transactions include Tesla's lease at Rs 881 per sq ft at Maker Maxity 2, Optiver India's deal at around Rs 822 per sq ft at FIFC, BNP Paribas' lease at about Rs 811 per sq ft, and Qatar National Bank's renewal at Rs 775 per sq ft. The deal also surpasses Apple's earlier lease at Rs 739 per sq ft.

BKC's Premium Position

BKC remains among the country's most expensive commercial districts, driven by proximity to financial institutions and continued demand from multinational corporations. Experts said global firms are increasingly choosing to retain and expand within established business districts rather than relocate, prioritising infrastructure and location advantage over lower rentals elsewhere.