SMBC signs major five-year office lease in Mumbai's BKC
1 report, 1 independent
Updated Oct 18
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What happened
Sumitomo Mitsui Banking Corporation leased 49,820 sq ft of premium office space in Mumbai’s Bandra-Kurla Complex (BKC) from Goisu Realty Private Limited, the Indian real estate arm of Sumitomo Realty and Development Co. Ltd. The five-year lease, dated 6 October 2026, was agreed upon for a total rent of ₹189 crore, with payments scheduled to begin in June 2027.
From livemint.com
Why it matters
The transaction highlights sustained demand for high-quality commercial office space in India’s prime business districts. The agreement includes a clause for a 15 per cent rent increase every three years and requires a substantial security deposit of ₹35.115 crore.
From livemint.com