McKinsey & Company India LLP has renewed its 35,520 sq ft office lease at Maker Maxity in Mumbai’s Bandra-Kurla Complex for 10 years at a monthly rent of ₹2.58 crore. The deal reflects surging commercial rents in BKC, where global firms like Google, Meta, JPMorgan, and BNP Paribas continue to expand their office footprints.
Global consulting firm McKinsey & Company India LLP has renewed its office lease at Maker Maxity in Mumbai’s Bandra-Kurla Complex (BKC) for a fresh 10-year term, reinforcing the district’s position as India’s most expensive and sought-after commercial hub. According to property documents accessed by Propstack, the consultancy will pay a monthly rent of ₹2.58 crore for approximately 35,520 sq ft of office space spread across the ground, first, second, and ninth floors of the tower.
The lease renewal will take effect on October 1, 2026, and includes a security deposit of ₹30.94 crore, along with a 5% annual escalation clause — a structure commonly seen in institutional-grade commercial leasing transactions. The agreement consolidates three earlier lease deals originally signed in 2021.
Rentals Surge Sharply Over Earlier Lease Terms
The renewed agreement reflects the sharp appreciation in premium office rentals across BKC over the last few years. Ground and first-floor spaces that were initially leased at ₹463 per sq ft in 2021 have now been renewed at ₹759 per sq ft per month. Similarly, rentals for the second and ninth floors increased from ₹410 per sq ft to ₹705 per sq ft under the new agreement.
The transaction stands among the highest-value office lease renewals in Mumbai’s commercial real estate market this year and highlights the continued appetite for Grade A office assets despite broader market shifts toward hybrid work models.
Global Firms Continue Expanding in Mumbai’s Financial District
BKC remains the preferred destination for multinational corporations, financial institutions, consulting firms, and technology giants seeking premium workspace in Mumbai. The district hosts companies such as Apple, Netflix, Amazon, Spotify, Pfizer, and several major banking and financial services firms.
Recent transactions further underline the strong demand dynamics in the market. Earlier this year, Google India and Google Cloud India renewed office leases in BKC valued at nearly ₹304 crore over five years. Meta also extended its office leases in the district, while JP Morgan pre-leased 1.16 lakh sq ft in an upcoming commercial tower at a monthly rent of ₹6.91 crore.
In another notable transaction, BNP Paribas leased a premium ground-floor office space at Maker Maxity at a rental of ₹811 per sq ft per month, one of the highest commercial rental rates recorded in the country.
Institutional Leasing Drives Market Confidence
Industry experts believe such long-term lease renewals indicate continued confidence in India’s top-tier commercial office markets. Large enterprises are increasingly prioritising centrally located, ESG-compliant, and infrastructure-rich office environments that support talent retention and operational efficiency.
McKinsey’s latest renewal also signals how enterprise occupiers continue to value premium business districts despite rising occupancy costs. As global capability centres, consulting firms, and financial institutions deepen their India presence, BKC is expected to remain a high-demand micro-market for enterprise-grade office leasing.
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