Global banking giant BNP Paribas has leased office space in Mumbai’s prime business district, Bandra-Kurla Complex (BKC), at an impressive Rs 811 per square foot per month, marking another high-value rental deal in the city’s commercial real estate market.
According to property data firm Propstack, the bank has taken up space in Maker Maxity (1 North Avenue), one of BKC’s most sought-after commercial buildings. The lease agreement was registered on February 18, 2025, with the tenancy set to commence on August 16, 2025.
The leased ground-floor unit spans 3,497 square feet, translating to a monthly rental outlay of Rs 28.36 lakh. The deal includes a 12-month security deposit of Rs 3.4 crore, and the tenure is fixed at 60 months, with an annual rental escalation of 5%. The landlord for the transaction is Neelammegha Investments and Trading Company Private Limited.
This lease further reinforces BKC’s position as Mumbai’s premier financial and commercial hub, attracting top-tier multinational firms despite the city’s escalating rental prices.
