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

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

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code