Google India Renews Mumbai Office Leases in ₹304 Crore Deal
Google India Private Limited and Google Cloud India Private Limited have renewed their office space leases in Mumbai’s Bandra-Kurla Complex (BKC), one of India's most expensive commercial districts, for a total rent of ₹304 crore over five years. The transactions were registered in the First International Financial Centre (FIFC), a prominent commercial building in BKC, covering a total chargeable area of approximately 1.49 lakh square feet across multiple floors.
In the first transaction, Google India Private Limited renewed its lease for an office spanning a total chargeable area of 1.10 lakh square feet, with a carpet area of 39,973 square feet. The agreement has been renewed for five years starting June 2025, with a monthly rent of ₹3.55 crore and a cumulative rent of ₹225 crore over the lease period. The per-square-foot rent is ₹320 per month, and the agreement includes an escalation clause mandating a 15% increase in rent after 36 months. Google India Private Limited has also paid a security deposit of ₹9.64 crore, along with a stamp duty of ₹1.87 crore and registration charges of ₹30,000 as part of the lease renewal process.
In the second transaction, Google Cloud India Private Limited leased a chargeable area of 38,678 square feet, with a carpet area of 25,141 square feet, in the same building. The lease agreement stipulates a monthly rent of ₹1.24 crore and a cumulative rent of ₹78 crore over the five-year period. Similar to the first lease, the per-square-foot rent remains at ₹320 per month, with a 15% escalation in rent after 36 months. The security deposit for this lease stands at ₹3.13 crore, while stamp duty and registration charges amount to ₹66.92 lakh and ₹30,000, respectively. The agreements also include the renewal of 115 car parking spaces within the property.
The leased office spaces belong to Earnest Towers Private Limited. While Google has not responded to email queries regarding the lease renewal, representatives of Earnest Towers Private Limited were also unavailable for comment. The transactions highlight the continued interest of multinational technology companies in securing prime office space within BKC, reinforcing its position as a preferred location for global firms seeking a presence in India’s financial capital.
Bandra-Kurla Complex serves as Mumbai’s central business district and is a key hub for companies in the banking, financial services, and insurance (BFSI) sector, as well as major technology and multinational firms. The area is home to several Fortune 500 companies, including Jio, Apple, Netflix, Facebook, Amazon, the National Stock Exchange, Standard Chartered Bank, WeWork, CISCO, Pfizer, Spotify, and Blackstone. It also houses prominent government institutions such as the Reserve Bank of India, the Income Tax Department, and the GST office, in addition to the US Consulate’s sprawling campus. The presence of such organizations underscores the commercial significance of BKC in India’s economic landscape.
BKC’s strategic location and connectivity contribute to its appeal as a commercial hub. It is well-connected to the Western Express Highway, Eastern Express Highway, Bandra-Worli Sea Link, Eastern Freeway, and Mumbai’s international airport, making it an accessible destination for businesses and professionals. These infrastructural advantages, combined with the presence of high-end office spaces, make BKC a prime location for premium commercial real estate transactions.
The latest lease renewal follows a series of high-profile transactions in BKC. Recently, Apple India set a record by leasing a 6,526 square foot office space in BKC at ₹738 per square foot per month, the highest-ever commercial lease rental transaction in India. Additionally, SBI Funds Management Limited acquired two commercial units in the area for ₹103 crore. Such transactions reflect the growing demand for high-value commercial spaces in Mumbai’s premier business district, where companies are willing to invest heavily in securing office locations.
The renewal of Google’s leases highlights the company’s long-term commitment to maintaining a strong presence in Mumbai. The substantial investment in rental space at FIFC aligns with Google’s broader expansion strategy in India, where the company continues to invest in infrastructure, talent, and cloud services to support its growing business operations. The lease renewal also signals confidence in Mumbai’s commercial real estate market, particularly in BKC, where demand for premium office spaces remains high despite fluctuations in the broader real estate sector.
Google’s decision to renew its leases at FIFC also reflects the ongoing trend of technology companies expanding their footprint in India’s commercial hubs. With increasing demand for office space from global firms, the Mumbai real estate market continues to attract significant investments. The renewal agreements, which include standard escalation clauses and security deposits, indicate that companies are prepared to commit to long-term leases in key business districts, ensuring stability in their operational bases.
As the Indian commercial real estate sector evolves, Bandra-Kurla Complex remains at the center of high-value office transactions. The presence of global corporations, coupled with the district’s superior connectivity and infrastructure, reinforces its reputation as India’s premier business location. With continued investments from multinational companies, the demand for premium office space in BKC is expected to remain robust in the coming years.
Image source- google
