LinkedIn Technology Information Private Limited (LTIPL) has rented out 17,794 sqft of office space in the Maker Maxity building in India's costliest commercial district- Bandra Kurla Complex (BKC) in Mumbai.
The per month rent for the space is Rs 1 crore and the agreement is for a period of five years, according to documents accessed by Propstack, a real-estate data platform.
The 17,794 sqft built-up area was leased in the form of six units from six different owners and the lease period starts from August 8, 2024, for a period of 60 months. The per sqft rent is fixed at Rs 565.
The security deposit for the entire lease deal is Rs 10 crore, according to the documents.
LinkedIn could not be contacted for a comment.
In the past, several notable deals have been reported in BKC. In 2023, Moneycontrol reported about Apple leasing over 20,000 sq ft of retail space spread over three floors in a mall in the commercial hub of Mumbai’s BKC, at a minimum guaranteed rent of around Rs 42 lakh per month.
Also read: Apple rents retail space in Mumbai for a minimum guaranteed payment of Rs 42 lakh per month
Bank of China leased office space spread across an area of 9,300 sq ft at a rent of Rs 500 per sq ft per month at Maker Maxity, Mumbai, for five years. This was followed by Hinduja Group’s property arm, Hinduja Realty Ventures, leasing an office space from Tata Communications for five years for a monthly rent of Rs 1.15 crore for the 46,000 usable sqft.
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