Qatar National Bank Renews BKC Office Lease at ₹775/sq ft
Representative image Qatar National Bank has renewed its office lease at Maker Maxity’s 4 North Avenue tower in Bandra Kurla Complex (BKC), agreeing to a monthly rental rate of Rs 775 per sq ft. This makes it one of the highest commercial lease rates in India. The renewal covers the ground floor space of 8,079 sq ft and will commence on October 26. This five-year lease includes a clause for a 4.5% rental increase each year. The agreement prohibits either party from terminating the lease during the 60-month term and involves a security deposit of Rs 7.51 crore, according to…
