McKinsey Signs 10-Year Lease for 35,520 Sq Ft in BKC

12 May 2026 CW Team

McKinsey & Company (McKinsey) has signed a 10-year lease for 35,520 sq ft of office space in Bandra Kurla Complex (BKC) in Mumbai at a monthly rent of Rs 2.58 crore, converted to Rs 25.8 million (mn). The firm will occupy the space under the long-term arrangement announced on Monday. The transaction adds a large-format tenancy to BKC's stock of premium office accommodation. McKinsey & Company is a global management consultancy with offices in numerous countries.

At Rs 25.8 million (mn) a month the rent equates to roughly Rs 727 per sq ft monthly and about Rs 309.6 million (mn) a year. The calculation is based on the contracted area of 35,520 sq ft, which is about 3,300 square metres (sq m). The annualised headline charge implies a total headline commitment of roughly Rs 3.096 billion (bn) over the 10-year term. The figures reflect headline costs and do not break out service charges or taxes.

The 10-year term signals continued demand among professional services firms for centrally located, large contiguous floors in Mumbai. Bandra Kurla Complex has continued to attract multinational consultancies and financial firms seeking modern Grade A stock. Leasing of this scale sustains absorption metrics in the submarket and supports rental resilience.

The deal underscores the scale of capital flows into Mumbai's office market and the willingness of occupiers to commit to long tenures amid evolving workplace needs. Landlords of premium stock continue to command strong headline rents for well located properties. The transaction will add to leasing comparables used by valuers and brokers. Such transactions typically support landlord income streams and investor returns and are likely to shape occupier strategies in the prime central business district.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..