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JP Morgan Leases 13 Lakh Sq Ft in Powai in Landmark Office Deal

JP Morgan office lease in Powai Mumbai

JP Morgan Services India Private Limited has leased over 13 lakh sq ft of built-to-suit commercial office space in Powai, Mumbai. This is one of the largest office leasing transactions recorded in India. The deal involves a total rental commitment of approximately ₹5,200 crore over a 20-year tenure, according to property registration documents accessed by CRE Matrix. The space will house the American investment bank’s global capability centre (GCC).

Lease Details: Rentals, Tenure, and Financial Commitments

The office space is located at One Forest Avenue, Powai. In this transaction, BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited have leased the property to JP Morgan Services India. Both entities operate through an SPV backed by Brookfield Properties, which holds a stake in the development.

Under the lease terms, the agreement starts at a monthly rent of ₹39 crore. This translates to a starting rental of ₹300 per sq ft for the approximately 13 lakh sq ft leased area. Additionally, the built-to-suit office will span 19 floors, including the ground floor, and offer around 1,300 parking spaces.

As part of the transaction, a security deposit of ₹468 crore has been paid. Further, the deal attracted a stamp duty of ₹125 crore, calculated on a 20-year tenure. It also includes a registration fee of ₹30,000. Meanwhile, while the initial lease term is 10 years, rentals will escalate by 4.5% annually.

Brookfield’s GCC Development Strengthens Powai’s Office Market

Brookfield Properties earlier announced a ₹9,000 crore investment to develop a 2 million sq ft global capability centre (GCC) in Powai. The campus is all set to become Asia’s largest GCC for a multinational bank.

The 6-acre development, slated for completion by 2030, will consolidate JP Morgan’s Mumbai operations into a single, state-of-the-art campus.

The transaction highlights India’s growing dominance as a global GCC hub and reinforces Powai’s status as a preferred office micro-market, driven by strong connectivity, a deep talent pool, and a mature mixed-use ecosystem.

JP Morgan’s Growing Office Footprint in India

JP Morgan is one of the world’s leading financial services firms, with a strong and expanding presence in India. Over the years, the firm has steadily scaled its office footprint in Mumbai. This reflects India’s importance as a strategic global capability and talent hub.

In another transaction, JP Morgan Services India Private Limited leased over 2.71 lakh sq ft of office space in the same location of Powai.

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Rakesh Roshan Sells 1.09-Hectare Land Parcel in Pune for ₹15 Crore

Rakesh Roshan sells Pune Land

Veteran filmmaker and Bollywood actor Rakesh Roshan has sold a 1.09-hectare land parcel in Pune district for ₹15 crore, according to property registration documents accessed by CRE Matrix.

Transaction Details

The Deed of Conveyance between Rakesh Roshan and CP Lands LLP was officially registered on December 26, 2025. As per the documents, a stamp duty of ₹1.05 crore was paid.

The land parcel is located in Lohegaon village, under Haveli taluka, Pune district. This area has been witnessing growing interest due to its proximity to key residential and commercial zones.

Lohegaon: An Emerging Micro-Market

Lohegaon has steadily gained traction as a developing real estate micro-market in Pune. This is supported by improved connectivity, infrastructure upgrades, and spillover demand from core city areas. The region’s strategic location near employment hubs and upcoming infrastructure projects has made it attractive for land aggregation and future development.

High-Value Land Transactions Signal Market Confidence

Large land deals such as this reflect sustained investor confidence in Pune’s real estate market, particularly in peripheral and growth corridors. Institutional buyers and LLPs continue to actively acquire land parcels, anticipating long-term appreciation and development potential.

Roshan Family Property Transactions 

The Roshan family’s real estate transactions reflect strategic asset management across key Indian markets. From land parcels to high-value properties, these deals highlight sustained confidence in long-term real estate value and evolving investment preferences.

In a recent transaction, Rakesh Roshan and Pramila Rakesh Roshan leased a commercial property in Mumbai to Fabindia Limited for a monthly rent of ₹14.5 lakh.

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Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Celebrity couple Virat Kohli and Anushka Sharma have made a fresh real estate investment in Alibaug, acquiring over five acres of land for ₹37.86 crore, according to property registration documents accessed by CRE Matrix. This marks their second land purchase in the coastal town near Mumbai within the last four years.

Transaction Details

The latest transaction was registered on January 13, 2026. It involves two adjoining land parcels located in Zirad village, close to Awas Beach in Alibaug, Raigad district. One parcel measures 14,740 square metres, while the second plot is 6,270 square metres. The combined land area is 21,010 square meters, or approximately 5.2 acres. They purchased the two parcels for a cumulative value of ₹37.86 crore.

As per the registration documents, the couple paid a stamp duty of ₹2.27 crore to complete the transaction. The registration fee is ₹30,000. The seller in the deal is Sonali Amit Rajput, while Samira Land Assets Private Limited is the confirming party.

Earlier Investment in the Same Area

Kohli and Sharma are already familiar names in Alibaug’s real estate landscape. In fact, around four years ago, the couple had made headlines after purchasing an eight-acre land parcel for approximately ₹19 crore in the region. A luxury villa has since been constructed on that plot. It features amenities such as a temperature-controlled swimming pool, a bespoke kitchen, multiple bathrooms, a jacuzzi, landscaped gardens, covered parking, and staff quarters.

Alibaug Real Estate Market Snapshot

Alibaug has steadily evolved into a premium residential and second-home market, supported by better connectivity and strong lifestyle-driven demand. According to local brokers, apartment capital values in the area currently range between ₹15,000 and ₹17,000 per sq ft. Land prices vary depending on zoning, with agricultural plots priced at ₹3–5 crore per acre. Non-agricultural land, on the other hand, commands ₹8–10 crore per acre.

Growing Appeal Among High-Net-Worth Buyers

With limited land availability and a rising number of celebrity homeowners, Alibaug continues to draw long-term investors seeking exclusivity and capital appreciation. High-value transactions such as this further highlight the region’s transition from a weekend getaway to one of Maharashtra’s most closely tracked luxury real estate markets.

In a recent transaction, Bollywood megastar Amitabh Bachchan purchased three adjoining land parcels in The House of Abhinandan Lodha (HoABL), Alibag Phase 2, a premium gated development by HOABL Landbuild Pvt. Ltd.

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Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services has expanded its India operations with a large office lease in Hyderabad. The US-based insurer’s India arm has taken 1.59 lakh sq ft of office space in Gachibowli, one of the city’s key IT corridors. The deal comes with a monthly rent of ₹92.28 lakh, according to lease documents accessed by CRE Matrix.

The office is located in Kalyani Trident and spans the 21st and 22nd floors. Hartford will pay ₹44.48 lakh per month for 76,701 sq ft on the 21st floor. Additionally, it will pay ₹47.79 lakh per month for 82,406 sq ft on the 22nd floor.

Lease Structure, Rentals, and Key Terms

The rent works out to ₹58 per sq ft per month across both floors. Hartford has paid a security deposit of ₹5.53 crore as part of the agreement.

The lease runs for five years with a three-year lock-in period. Moreover, the agreement includes a 15% rent escalation every three years. The company also secured 213 car parking slots, each charged at ₹3,500 per car per month.

The lease was officially registered on December 9, 2025, and Hartford paid a stamp duty of ₹14 lakh.

Hartford will begin paying rent for the 21st-floor space from March 1, 2026. Meanwhile, rent payments for the 22nd-floor premises will start from September 1, 2026.

Gachibowli’s Growing Appeal

Gachibowli continues to attract global occupiers. The micro-market benefits from steady demand from global capability centres, IT firms, and financial services companies. It also offers Grade A office developments, strong road connectivity via the Outer Ring Road, upcoming metro links, and easy access to the international airport.

As a result, Gachibowli remains a preferred destination for large, long-term office leasing deals.

Recent Transactions

Recent office transactions in Hyderabad reflect steady occupier confidence across key IT corridors. Large leasing deals by global firms highlight sustained demand for Grade A spaces, flexible lease structures, and well-connected micro-markets such as Gachibowli and Hitec City.

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, Facebook India leased 69,702 sq ft office space in Hyderabad’s Hitec City.

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BA Continuum Leases Over 1.11 Lakh Sq Ft in Powai at ₹1.43 Crore Monthly Rent

BA Continuum Leases Over 1.11 Lakh Sq Ft in Powai

BA Continuum India, the technology and operations arm of Bank of America, has signed a long-term lease for more than 1.11 lakh sq ft of Grade A office space in Powai, Mumbai. According to property registration documents accessed by CRE Matrix, the leased office space is at Cignus, Powai, a commercial development owned by Chalet Hotels Limited. The transaction involves Units 2201 and 2301 on the 22nd and 23rd floors of the building located at Plot No. 71A, Passpoli, Powai.

Lease Details

The lease covers a total leasable area of 1,11,023 sq ft, with a starting monthly rent of ₹1,43,21,967. This translates to an effective rate of ₹129 per sq ft per month. Additionally, the tenant will pay common area maintenance (CAM) charges of ₹20 per sq ft per month.

The agreement also includes 112 car parking spaces, reflecting the scale of the office requirement. A security deposit of ₹8.59 crore has been paid as part of the transaction. The lease tenure spans 10 years and 9 months, with a three-year lock-in period applicable to both parties. The lease agreement was registered on December 24, 2025, with both lease and rent commencement scheduled from January 1, 2026.

Why Powai Continues to Attract Large Occupiers

Powai has steadily evolved into one of Mumbai’s most preferred office micro-markets. This is mainly because of its strong connectivity to both the Eastern and Western suburbs and proximity to well-established residential catchments. Also, the area has attracted a steady mix of IT, BFSI, and Global Capability Centre (GCC) occupiers. Large-format office transactions in the micro-market highlight occupiers’ increasing preference for amenity-rich, campus-style office buildings that can support long-term operational and expansion needs.

Recent Transactions

Mumbai’s office market continues to see steady leasing activity, with large occupiers signing long-term deals across key business districts. Recent transactions highlight sustained demand for Grade A assets.

In a recent transaction, JP Morgan Services India Private Limited leased over 2.71 lakh sq ft of office space in Powai for approximately ₹612 crore. In another transaction, Kwality Wall’s (India) leased a fully fitted, dedicated workspace in Oberoi Commerz II, part of Oberoi Garden City in Goregaon East, Mumbai, for a starting monthly rent of ₹89.5 lakh.

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JP Morgan Leases 2.71 Lakh Sq Ft Office Space in Mumbai’s Powai for ₹612 Crore

JP Morgan Leases 2.71 Lakh Sq Ft Office Space in Mumbai’s Powai for ₹612 Crore

JP Morgan Services India Private Limited has expanded its Mumbai footprint by leasing over 2.71 lakh sq ft of office space in Powai. The transaction reinforces sustained demand for large, Grade A commercial assets in the city’s established business districts.

According to property registration documents accessed by CRE Matrix, the global financial services major has signed a five-year lease with a total rental outlay of approximately ₹612 crore.

Deal Overview

The leased office space is located at One Downtown Central, Powai—formerly known as CRISIL House and spans floors 3 to 9 of the building. The transaction involves Cowrks Pvt Ltd, which manages the workspace, JP Morgan Services India as the tenant, and Kairos Property Pvt Ltd (Brookfield Properties) as the landlord.

The lease tenure is 60 months, with a lock-in period of 30 months. The agreement commenced with a starting monthly rent of over ₹9.23 crore, and includes a security deposit exceeding ₹55 crore.

Lease Terms and Escalation

As per the registered documents dated December 29, 2025, the lease includes a 5% annual rent escalation, ensuring steady rental growth over the lease term. Additionally, the agreement provides an option to renew for another 60 months upon completion of the initial term.

The lease commencement date is April 1, 2026, while the transaction attracted a stamp duty payment of over ₹7 crore, along with a registration fee of ₹30,000.

The transaction also includes 312 car parking spaces, highlighting the scale of operations and the infrastructure requirements of large multinational occupiers. Powai’s strong connectivity, proximity to residential catchments, and access to social infrastructure continue to make it a preferred office destination for BFSI and technology-led enterprises.

Market Implications

This transaction highlights sustained occupier confidence in Mumbai’s commercial real estate market, particularly for managed and institutional-grade office assets. Large-format leases by global corporations such as JP Morgan signal a continued preference for long-term visibility, premium locations, and professionally managed workspaces amid evolving workplace strategies.

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Facebook India Leases 69,702 Sq Ft Office Space in Hyderabad’s Hitec City

Facebook India office lease in Hyderabad

Meta Platforms’ Indian arm, Facebook India Online Services Pvt Ltd, has further strengthened its footprint in Hyderabad with a fresh office lease in the city’s prime IT corridor, Hitec City. According to the documents accessed by CRE Matrix, the company has signed a five-year lease for nearly 69,702 sq ft of Grade A office space. This reaffirms Hyderabad’s position as one of India’s most resilient and attractive technology hubs.

Details of the Lease Transaction

Facebook India has leased the space in Skyview 20, part of The Skyview commercial complex, from Mahanga Commercial Properties Pvt Ltd. According to the lease documents, the agreement was signed on December 2, 2025, with rent commencement starting on December 18, 2025.

The monthly rental is close to ₹67 lakh, translating to rentals of around ₹96 per sq ft. The lease agreement also includes a 15% rental escalation after three years, reflecting both the quality of the asset and sustained occupier confidence in the micro-market.

Reinforcing Hyderabad’s Tech and GCC Ecosystem

This large-format transaction highlights Hyderabad’s continued appeal to global technology companies, particularly for Global Capability Centres (GCCs). Over the years, Hitec City has evolved into a deeply institutionalised office market, offering scale, modern infrastructure, and long-term flexibility—key requirements for multinational occupiers.

Commenting on the transaction, Abhishek Kiran Gupta, CEO and Co-founder of CRE Matrix, said the deal underscores Hyderabad’s strength as a strategic GCC and technology hub. He noted that occupiers are increasingly willing to pay a premium for Grade A office assets that offer operational efficiency, scalability, and future-ready infrastructure.

Such transactions, especially at near-70,000 sq ft scale, signal sustained demand from global tech players and reinforce Hitec City’s status as one of India’s most stable and sought-after office micro-markets.

Meta’s Longstanding Presence in Hyderabad

Meta’s association with Hyderabad dates back to 2010, when the company opened its first India office in the city. Since then, it has consistently expanded its presence, making Hyderabad a key centre for its India operations.

In fact, towards the end of 2024, Meta renewed leases for a significantly larger office footprint—around 367,000 sq ft—within the same Skyview property. These renewals were executed through two separate agreements for an additional five-year tenure, with a total rental commitment of approximately ₹170 crore. The latest lease further consolidates Meta’s long-term commitment to the location.

Office Market Momentum Across India

Technology companies and flexible workspace operators led absorption during the year, driven by GCC expansion, return-to-office strategies, and India’s growing role in global business operations.

Facebook India’s latest lease in Hitec City is more than just an expansion—it is a strong endorsement of Hyderabad’s office market fundamentals. As global technology firms continue to deepen their India presence, well-located, Grade A assets in established IT corridors are likely to remain in high demand, supporting stable rentals and long-term market confidence.

Recent Transactions

Hyderabad’s commercial real estate market continues to gather momentum, with several large-format office space transactions in key micro-markets driven by technology companies and global capability centres expanding operations in the city.

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, WeWork India leased 1,75,953 sq ft at Skyview 20 in Hitech City.

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Wipro Leases 1.45 Lakh Sq Ft Office Space at Mindspace SEZ, Airoli

Wipro Leases 1.45 Lakh Sq Ft Office Space at Mindspace SEZ, Airoli

Wipro Limited has leased a large office space at Mindspace SEZ, Airoli East (MIDC Industrial Area), Navi Mumbai, reinforcing Airoli’s position as a key commercial and IT hub in the Mumbai Metropolitan Region (MMR).

According to documents accessed by CRE Matrix, the space is located in Building No. 4 at Mindspace SEZ, owned by Mindspace Business Parks Private Limited. The lease transaction was officially registered on 29 December 2025.

Key Lease Details

Wipro has leased a total area of 145,157 sq ft, with a starting monthly rent of approximately Rs 97.25 lakh. This translates to Rs 67 per sq ft per month. The agreement includes 97 car parking spaces, supporting large-scale office operations.

The lease tenure is 60 months, with a lock-in period of 36 months. This provides stability for both the lessor and lessee.

Rent Structure and Escalation

The lease agreement includes a handover date of 07 January 2026, with rent commencement scheduled from 01 April 2026. This provides Wipro a rent-free period of 84 days. The contract stipulates an annual rent escalation of 5%. The security deposit stands at Rs 5.83 crore and is subject to a 5% escalation every year, as per the lease terms
In addition, Common Area Maintenance (CAM) charges amount to Rs 12 per sq ft per month. This aligns with prevailing Grade A SEZ office benchmarks in Navi Mumbai.

Strategic Importance of Airoli

Airoli has emerged as a preferred destination for IT and IT-enabled services companies due to its SEZ ecosystem, competitive rentals, robust infrastructure, and strong connectivity to Thane, Navi Mumbai, and Mumbai via road and rail networks. Developments such as Mindspace SEZ have consistently attracted large corporate occupiers looking for scalable, high-quality office spaces.

This transaction highlights sustained occupier demand for Grade A office assets in established business parks. Tenants are increasingly prioritising long-term visibility, predictable lease structures, and operational efficiency.

Market Outlook

Large-format office leasing by established IT majors like Wipro signals renewed confidence in structured office environments, particularly in SEZs offering integrated infrastructure and compliance benefits. With a limited supply of high-quality spaces in prime micro-markets, Airoli remains a strong performer in Navi Mumbai’s commercial real estate landscape.

Recent Transactions

Airoli has witnessed steady commercial leasing activity in recent months, with large corporates opting for Grade A office spaces within SEZ developments. This highlights the micro-market’s attractiveness amid evolving workplace strategies across the Mumbai Metropolitan Region.

In a recent transaction, Prime Lohegaon Infraspaces LLP, a subsidiary of Pune-based Panchshil Realty, acquired Capgemini’s Knowledge Park in Airoli for ₹550 crore.

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Adani Logistics Leases 66,250 Sq Ft Facility in Panvel to DMart Operator Avenue Supermarts for 28 Years

Adani Logistics Leases 66,250 Sq Ft Facility in Panvel to DMart

India’s logistics landscape continues to evolve as major players lock in long-term warehousing capacity near Mumbai. In a recent transaction highlighting this trend, Adani Logistics has sub-leased a large logistics facility in Panvel to Avenue Supermarts, the operator of DMart. The deal reflects the growing importance of the Panvel–Raigad belt as a strategic hub for warehousing.

According to documents accessed by real estate data analytics firm CRE Matrix, the agreement signals a long-term operational commitment by both companies.

Long-Term Sub-Lease Agreement in Panvel

Adani Logistics Limited has entered into a sub-lease agreement with Avenue Supermarts Limited for a property located at Dhansar, Panvel, in Raigad district. The transaction was executed on December 24, 2025.

The leased facility has a built-up area of 66,250 square feet. Therefore, with this move, DMart strengthens its backend supply chain infrastructure close to Mumbai.

Rent and Tenure Signal Strategic Commitment

As per the sub-lease deed, Avenue Supermarts will pay an annual rent of ₹20.20 lakh for the facility. More importantly, the agreement spans a long tenure of 28 years.

This extended lease period underlines a stable, long-term logistics strategy. At the same time, it adds to Adani Logistics’ growing portfolio of leased industrial assets.

Panvel–Raigad Gains Momentum as Logistics Hub

Meanwhile, the Panvel–Raigad region continues to attract large-scale warehousing and logistics investments. Its proximity to Mumbai makes it operationally efficient for retailers and distributors.

Additionally, improving road connectivity, port access, and the recently commissioned Navi Mumbai International Airport have boosted the area’s appeal. As a result, the region is fast emerging as a preferred logistics destination for large-format retailers and logistics operators alike.

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Arjun Sharma of Select City Walk Acquires South Delhi Property for Rs 125 Crore

Arjun Sharma of Select City Walk Acquires South Delhi Property for Rs 125 Crore

Arjun Sharma, one of the founders of Delhi’s Select City Walk mall, has recently purchased a sprawling bungalow in South Delhi’s West End. The deal, valued at Rs 125 crore, was conducted through his firm, Select World Tours, where Sharma serves as director. According to documents accessed by CRE Matrix, he also paid Rs 8.75 crore in stamp duty for the transaction.

Moreover, Sharma currently serves as an Independent Director at Sandhar Technologies Limited. Over the years, his business experience has spanned tourism and hospitality, including leading Heritage Village Resort & Spa in Gurgaon and Goa, Sita Travels (now owned by Thomas Cook), and Le Passage to India (now owned by TUI). Importantly, Select City Walk is now part of India’s first retail REIT, backed by the Blackstone Group.

Surge in Luxury Real Estate Interest

A recent survey by India Sotheby’s International Realty (ISIR) indicates that nearly half of respondents expect 12%-18% returns from real estate investments. However, optimism has slightly declined, with only 71% of HNIs and UHNIs projecting strong returns, down from 79% in 2024. Despite this, most believe that India will remain the fastest-growing major economy, with GDP growth of 6%-6.5%.

South Delhi Property Prices on the Rise

Meanwhile, renewed buyer confidence has boosted demand for independent floors in South Delhi. Also, a surge in redevelopment activity has further pushed up their average prices. Specifically, Category A and B colonies saw price jumps of 12%-17% in Q3 2025. Analysts attribute this increase primarily to the growing preference for luxury housing among high-net-worth individuals.

For investors like Sharma, timing and location matter. West End, South Delhi, is a prime luxury zone. Therefore, with strong demand for high-end residential properties, strategic acquisitions offer both prestige and potential returns.

Recent Transactions

South Delhi continues to attract high-net-worth buyers, with luxury property transactions on the rise. These high-profile deals highlight strong demand for prime locations, driven by redevelopment activity, renewed buyer confidence, and a growing preference for upscale independent floors.

In a recent transaction, South Delhi resident Ashok Mittal has acquired a premium bungalow in Delhi’s upscale Sunder Nagar locality for ₹65 crore. In another transaction earlier this year, Yashwant Singh, a member of a Rajasthan royal family, purchased a bungalow in Delhi’s upscale Golf Links area for a staggering ₹100 crore.

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