JP Morgan Leases 2.71 Lakh Sq Ft Office in Mumbai for ₹9 Cr/Month

JP Morgan Office Space in Mumbai

NEW DELHI: JP Morgan has leased 272,000 sq ft of office space in Mumbai from Cowrks at a starting monthly rental of ₹9.23 crore, as reported by CRE Matrix.

Real estate analytics firm CRE Matrix obtained the lease agreement from the Maharashtra government.

The global financial services firm, JP Morgan Services India Pvt Ltd, has leased 271,955 sq ft at the One Downtown Central (Crisil House) Building in Powai, Mumbai.

The lease agreement, finalized in December, involves Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, according to CRE Matrix. Kairos Properties owns the property and has leased it to Cowrks, which is under Brookfield’s ownership.

The initial rental rate is ₹339.4 per sq ft, amounting to ₹9.23 crore monthly.

JP Morgan’s lease is for 60 months, with rent starting in April and a 5% escalation clause each year.

  • Published On Jan 13, 2026 at 07:12 AM IST

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