GlobeOp Financial Services has leased 62,976 sq ft in Mumbai’s Nirlon Knowledge Park for ₹1.05 crore per month. The five-year lease, managed by JLL India, includes 63 parking spaces and a ₹6.31 crore security deposit. The deal highlights Mumbai’s strong commercial leasing market and growing corporate demand.
Mumbai’s commercial real estate sector continues to expand as GlobeOp Financial Services India Private Limited has secured a 62,976 sq ft office space at Nirlon Knowledge Park in Goregaon East. The financial services firm has signed a five-year lease for the 13th and 14th floors of the building, with a starting rent of ₹1.05 crore per month, according to documents accessed by Propstack.
A High-Value Transaction in Mumbai’s Office Market
The lease agreement, facilitated by JLL India, highlights Mumbai’s continued appeal as a prime destination for businesses. GlobeOp Financial Services, a division of SS&C Technologies, specializes in financial services technology and infrastructure. The newly leased office space will enhance its operational capacity in the city.
Under the agreement, the firm will pay ₹167 per sq ft per month plus GST in the first year, increasing the rate annually. By the fifth year, the rent will reach ₹201.06 per sq ft per month plus GST. Additionally, GlobeOp has secured 63 car parking spaces and has paid an interest-free refundable security deposit of ₹6.31 crore. Common area maintenance charges are set at ₹15.5 per sq ft per month.
Nirlon Knowledge Park: A Hub for Corporate Growth
Located in Goregaon East, Nirlon Knowledge Park is a designated private IT park known for attracting multinational corporations and financial services firms. The park has become a sought-after business hub with its modern infrastructure, strategic location, and tech-driven environment.
The lease underscores Mumbai’s strong commercial leasing activity, aligning with JLL’s latest report, highlighting robust year-end leasing trends across major Indian cities. Bengaluru led the market with 7.87 million sq ft leased in Q4 and 21.99 million sq ft for the year, followed by Delhi NCR (17.69 msf), Hyderabad (10.72 msf), Chennai (7.95 msf), and Mumbai (10.26 msf).
While neither GlobeOp Financial Services nor JLL have commented on the deal, the transaction reflects India’s thriving flexible office space market, driven by growing demand from financial, technology, and IT-enabled service sectors.
Leave a Comment
You must be logged in to post a comment.