office lease renewal Archives - Square Feat India https://squarefeatindia.com/tag/office-lease-renewal/ Real Estate News Website Thu, 13 Feb 2025 07:42:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png office lease renewal Archives - Square Feat India https://squarefeatindia.com/tag/office-lease-renewal/ 32 32 Google India and Google Cloud Renew Office Leases in Mumbai’s BKC at a Combined ₹4.79 Crore Per Month https://squarefeatindia.com/google-india-and-google-cloud-renew-office-leases-in-mumbais-bkc-at-a-combined-%e2%82%b94-79-crore-per-month/ Thu, 13 Feb 2025 07:42:04 +0000 https://squarefeatindia.com/?p=8654 Google India and Google Cloud have renewed their office leases at the First International Financial Center (FIFC) in Mumbai’s BKC. Google India will pay ₹3.55 crore per month for 1,10,980 sq. ft., while Google Cloud’s lease for 38,678 sq. ft. is set at ₹1.24 crore per month. Both leases, registered in February 2025, include a five-year term with a 15% rent escalation clause after 36 months.

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]]> Google India Private Limited and Google Cloud India Private Limited have renewed their office space leases at the Bandra-Kurla Complex (BKC) in Mumbai, according to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) Maharashtra website. The lease agreements, officially registered in February 2025, secure Google’s continued presence in one of Mumbai’s prime commercial hubs.

Lease Details

Both office spaces are located in the First International Financial Center (FIFC), a 1.99-acre commercial complex in Bandra East. BKC, known as Mumbai’s central business district (CBD), is home to leading banks, financial institutions, and corporate headquarters, making it a preferred destination for global corporations.

Google India Private Limited Lease Renewal

  • Location: First International Financial Center (FIFC), Bandra East
  • Chargeable Area: 1,10,980 sq. ft. (~10,310 sq. m) across two floors
  • Monthly Rent: ₹3.55 crore
  • Rent Per Sq. Ft.: ₹320 per month
  • Lease Term: Five years, starting June 2025
  • Rent Escalation: 15% increase after 36 months
  • Security Deposit: ₹9.64 crore
  • Stamp Duty Paid: ₹1.87 crore
  • Registration Charges: ₹30,000

Google Cloud India Private Limited Lease Renewal

  • Location: First International Financial Center (FIFC), Bandra East
  • Chargeable Area: 38,678 sq. ft. (~3,593 sq. m) across one floor
  • Monthly Rent: ₹1.24 crore
  • Rent Per Sq. Ft.: ₹320 per month
  • Lease Term: Five years, starting June 2025
  • Rent Escalation: 15% increase after 36 months
  • Security Deposit: ₹3.13 crore
  • Stamp Duty Paid: ₹66.92 lakh
  • Registration Charges: ₹30,000

BKC: A Prime Commercial Destination

BKC continues to be Mumbai’s most sought-after commercial district, attracting Fortune 500 companies, BFSI giants, and global tech firms. Its strategic location offers seamless connectivity via:

  • Western Express Highway
  • Bandra-Worli Sea Link
  • Mumbai International Airport
  • Upcoming metro expansion

With Google’s lease renewal, FIFC in BKC remains a key office space for global technology firms, reinforcing the district’s reputation as a preferred business destination in India.

Also Read: Google’s Raiden Infotech leases property in Navi Mumbai For $10.8 Lac Monthly rent

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