Meta’s India arm renews Mumbai BKC office lease in over Rs 200 cr rental deal

Facebook India Online Services, subsidiary of Meta Platforms Inc., has extended its office lease at commercial tower One BKC in Mumbai’s Bandra-Kurla Complex (BKC), committing to a monthly rental of Rs 430 per sq ft and the rental outgo of over Rs 200 crore.

The lease, registered as a renewal, commenced on December 15, and spans a tenure of the next five years. The office space is located across the 5th and 7th floors of the commercial tower in the city’s business district, one of the country’s most expensive office markets.

The lease involves a carpet area of 46,678 sq ft, translating into a chargeable area of 70,167 sq ft. At the agreed rate, the total monthly rental outgo stands at over Rs 3.02 crore.


The landlord for the transaction is One BKC Realtors Pvt Ltd. As part of the agreement, the tenant has paid a security deposit of Rs 15.76 crore. The contract also includes an annual rental escalation clause of 5%, showed the documents accessed through realty data analytics platform Propstack.

ET’s email query to Meta remained unanswered until the time of going to press.

The renewal underscores continued demand for Grade A office spaces in BKC, despite evolving workplace strategies among technology firms globally. Market observers note that established occupiers are increasingly opting to retain prime locations, balancing hybrid work models with the need for high-quality office infrastructure.

BKC has remained a preferred office destination for multinational corporations, financial institutions, and technology companies, supported by its strategic location, connectivity, and premium office stock. Rental values in the micro-market have remained resilient, with select transactions continuing to command among the highest rates in the country.

The latest deal highlights sustained leasing momentum in Mumbai’s top commercial hubs, even as occupiers recalibrate real estate portfolios amid changing work dynamics.