BOSTON

Boston Consulting Group (BCG) has recently leased nearly 100000 sqft of office space in Mumbai's business district Bandra-Kurla Complex (BKC). The office space is located in Maker Maxity's North Avenue 2 and spans across eight floors. The lease agreement is for a total of 10 years with a lock-in period of six years. The average starting rent for the space is around Rs 450 per sqft per month with an annual escalation. Over the tenure of the lease agreement BCG is expected to pay rent and deposit totaling over Rs 560 crore. This move represents both consolidation and expansion for BCG as it more than doubles its office space in Mumbai. Currently BCG occupies around 29000 sqft in Nariman Bhavan at Nariman Point and around 18000 sqft of office space in Maker Maxity. The plan is to eventually move its registered office from Nariman Bhavan to Maker Maxity once the new office is operational. The lease agreement for the office space in Maker Maxity's ground floor sixth floor and ninth floor was finalized through multiple pacts registered on February 22 and February 23. According to Rahool Pai Panandiker Managing Director and Partner at BCG India this expansion aligns with the company's historic growth and strong growth expectations in the future. BCG aims to create a unique workspace that integrates new working models and emphasizes their commitment to climate action while also reflecting the spirit of Mumbai India and their heritage. Mira Road is a suburb located in the Mumbai Metropolitan Region (MMR) in the state of Maharashtra India. It is situated in the northern part of Mumbai and falls under the jurisdiction of the Mira-Bhayandar Municipal Corporation. Read More