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JP Morgan Scores 2.72 Lakh Sq Ft in Powai for ₹9.23 Crore

JP Morgan Scores 2.72 Lakh Sq Ft in Powai for ₹9.23 Crore

So, JP Morgan just pulled off a masterstroke, leasing a staggering 2.72 lakh sq ft of prime real estate in Powai, Mumbai, for a jaw-dropping ₹9.23 crore a month. This five-year extravaganza kicks off on April 1, 2026, complete with a 5% annual rent hike and 312 parking spots for their fleet of financial superheroes. Banking has never looked this good!

Quick rundown

  1. JP Morgan leases massive office space in Mumbai.
  2. The lease spans 2.72 lakh sq ft at One Downtown Central.
  3. Monthly rent set at Rs 9.23 crore with a 5% annual hike.
  4. The lease includes 312 car parking spaces.
  5. JP Morgan's total rental commitment is approximately ₹612 crore.

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