Real estate and infrastructure occupiers in Mumbai typically cluster in Bandra-Kurla Complex (BKC), plan ~215 sqft per seat at high-end fit-out ($115–175/sqft), and pay around 320 INR/sqft ($46 USD) on Class A.

• Preferred submarket: Bandra-Kurla Complex (BKC).
• Typical fit-out spec: High-end ($115–175/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 320 INR/sqft ($46 USD).
• Typical lease: 5 years with 4 months rent-free.
• Talent depth in Mumbai: 60/100.

TL;DR

• Preferred submarket: Bandra-Kurla Complex (BKC).
• Typical fit-out spec: High-end ($115–175/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 320 INR/sqft ($46 USD).
• Typical lease: 5 years with 4 months rent-free.
• Talent depth in Mumbai: 60/100.

Where they cluster

Real estate and infrastructure occupiers in Mumbai typically anchor in Bandra-Kurla Complex (BKC). Banks, asset managers, professional services, multinationals.

What they pay

Class A rent in Mumbai runs 320 INR/sqft ($46 USD) on a 5-year lease with 4 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical real estate and infrastructure fit-out targets high-end specification at $115–175/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount real estate office in Mumbai typically targets 21,500 sqft of leasable area.

Talent angle

Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. India's deepest financial-services and tech talent pool. Average all-in compensation indexes 60.

Tax and lease context

Headline corporate tax: 25.2%. Standard 5-year lease (often 3+2 or 5+5). Rent quoted as INR per square foot per month. Maintenance billed separately. Security deposit of 6-12 months standard. Stamp duty payable on lease execution.

Key facts

Frequently asked questions

Where do real estate and infrastructure occupiers lease office space in Mumbai?

Most cluster in Bandra-Kurla Complex (BKC). Rent runs ~320 INR/sqft ($46 USD) for trophy and prime stock.

What fit-out spec do real estate and infrastructure occupiers run in Mumbai?

Typically high-end at $115–175/sqft.

How much office space per seat should a real estate and infrastructure occupier plan in Mumbai?

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the real estate and infrastructure vertical?

Representative NAICS 2022 codes: 531, 237.

What is the talent index in Mumbai?

60/100. Use the city profile for full detail.

Related

• Real estate and infrastructure — global overview
• Mumbai — full city profile
• Financial services in Mumbai
• Asset management in Mumbai
• Investment banking in Mumbai
• Legal services in Mumbai

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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