BNP Paribas Secures Prime Office Space in Mumbai’s BKC at 811 Per Sq. Ft. Per Month
📅 March 24, 2025
Global banking giant BNP Paribas has leased a 3,497 sq. ft. office space in Maker Maxity’s 1 North Avenue, Bandra Kurla Complex (BKC) at a monthly rental of Rs. 811 per sq. ft., making it one of the most expensive commercial property deals in India. The lease, finalized on February 18, will commence on August 16 for a five-year term, with the bank paying a total monthly rent of Rs. 28.36 lakh to Neelammegha Investments and Trading Company. As part of the agreement, BNP Paribas has provided a 12-month security deposit of Rs. 3.4 crore, and the lease includes a 5% annual rental escalation clause, according to Propstack records.
This high-value transaction follows Tesla Inc.'s recent record-setting l
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