Archive · 13 Jan 2026
JP Morgan Leases 2.72 Lakh Sq Ft in Powai
J.P. Morgan has rented a very big office space in Powai, Mumbai.
The office is 2.72 lakh square feet and costs ₹9.23 crore every month.
They will use this space for their work.
The rent will increase by 5% every year.
The agreement is for 5 years, but they can't leave for the first 3 years.
They also get 312 parking spaces.
This shows that big companies still want large, nice offices in good areas like Powai.
J.P. Morgan has leased 2,71,955 sq ft of office space at One Downtown Central in Powai, Mumbai.
The monthly rent is ₹9.23 crore, with an annual escalation of 5%.
The lease agreement is for 60 months, with a 30-month lock-in period.
The security deposit for the lease is ₹55.38 crore.
The transaction includes 312 car parking spaces, highlighting the scale of the office footprint.
- Who
- J.P. Morgan Services India Private Limited
- What
- Leased 2.72 lakh sq ft office space
- When
- Lease agreement registered on December 29, 2025; rent starts April 1, 2026
- Where
- One Downtown Central, Powai, Mumbai
- Why
- To accommodate business operations and reflect demand for premium commercial properties
- Company
- J.P. Morgan Services India Private Limited
- Location
- One Downtown Central, Powai, Mumbai
- Leased Area
- 2,71,955 sq ft
- Monthly Rent
- ₹9.23 crore
- Rent per Sq Ft
- ₹339.43
- Security Deposit
- ₹55.38 crore
- Lease Duration
- 60 months
- Lock-in Period
- 30 months
- Annual Rent Escalation
- 5%
- Rent Commencement Date
- April 1, 2026
- Parking Spaces
- 312 car parking spaces
