JPMorgan Secures Massive 2.7 Lakh Sq Ft Office Space in Mumbai's Powai

• JPMorgan's Indian subsidiary leased 270,000 sq ft office space in Powai, Mumbai, committing over Rs 600 crore for five years.
• The lease, from COWRKS at One Downtown Central (formerly CRISIL House), starts April 1, 2026, with an option for a five-year renewal.
• Monthly rent is Rs 9.23 crore, escalating 5% annually, totaling Rs 612 crore over five years; a security deposit of Rs 55.38 crore was paid.
• The space accommodates 2,381 seats and 257 meeting rooms, owned by Kairos Properties Private Limited (Brookfield India Real Estate Trust).
• This expansion in Powai bridges immediate operational needs until JPMorgan's 1.3 million sq ft campus is completed, highlighting Powai's growth as an office hub.

Why It Matters: JPMorgan's significant lease in Powai underscores its India expansion and Powai's emergence as a key office hub.