BCG leases 100k sq ft of office space in Bandra-Kurla Complex

Boston Consulting Group (BCG) has picked up approximately 100,000 sq ft of office space on a long-term lease at the commercial complex Maker Maxity in Mumbai’s business district Bandra-Kurla Complex (BKC). The company has leased the space across eight floors in Maker Maxity’s North Avenue 2 for a total of 10 years, with a lock-in period of six years. With an average starting rent of Rs 450 per sq ft a month, which will witness an escalation every year, BCG will be paying rent and deposit of over Rs 560 crore over the total term of the lease agreement. The consulting company is launching both consolidation and expansion of its offices with this space take-up. Its present office is spread over 29,000 sq ft in Nariman Bhavan at South Mumbai’s Nariman Point. The compa They are doubling the office space they occupy in Mumbai. Nariman Bhawan is additionally their listed office, so that will ultimately move to Maker Maxity once the office is operational here. The entire lease agreement for office space on the ground floor, sixth floor, and the ninth floor has been signed via several agreements that were listed on Tuesday and Wednesday. BCG has rented a new space in BKC at North Avenue 2 and is in line with their organisation’s historic development and strong growth expectations going forward, as per Rahool Pai Panandiker, managing director and partner, who leads the Mumbai office operations at BCG India. They will be developing a unique space that integrates the new paradigm of working models and their dedication to climate action, deeply imbued with the special spirit of Mumbai, India and our heritage. Image Source Also read: Nykaa takes up 27128 sq ft office space in South Mumbai