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Globeop Leases 63,000 Sq Ft in Mumbai

2025-02-22

Globeop Financial Services India Private Limited has leased 62,976 sq ft of office space at Nirlon Knowledge Park, Goregaon East, at a monthly rent exceeding Rs 1.05 million for five years.

JLL India acted as the transaction advisor for the deal.

Lease Details & Rental Terms The financial services firm, a part of SS&C GlobeOp, has taken up the 13th and 14th floors of the building. The lease agreement, signed with Nirlon Ltd, includes a total chargeable area of 62,975.78 sq ft and 63 dedicated parking spaces.

The rental structure is set to increase annually:

Year 1: Rs 167 per sq ft/month Year 2: Rs 174.93 per sq ft/month Year 3: Rs 183.24 per sq ft/month Year 4: Rs 191.95 per sq ft/month Year 5: Rs 201.06 per sq ft/month

Globeop has also paid Rs 63.1 million as an interest-free refundable security deposit, with additional common area maintenance charges of Rs 15.5 per sq ft per month.

Market Trends in Office Leasing While Mumbai recorded 10.26 million sq ft of office leasing in 2023, a JLL report highlighted that Bengaluru led with 21.99 million sq ft, followed by Delhi NCR (17.69 million sq ft) and Hyderabad (10.72 million sq ft).