In Mumbai, Google leases office Space of One lakh Sq. Ft. Area

Mumbai News

The Internet giant Google Inc picked more than 1 lakh sq. ft. office space in the First International Financial Centre (FIFC) Tower, located in the Bandra Kurla Complex, Mumbai. This tower is partially owned by the US private equity major Blackstone Group via a long-term lease, the sources said.

This office space is spread across two floors in FIFC and this will attract monthly lease rental of Rs. 275 per sq ft. There will be an elevation in rental every three years and this includes the total time period of the lease is nine years incorporating the contract clause of 15 percent.

According to the sources, the lease transaction was finalized almost a month ago and Google is planning to makeshift the office in new and capacious office space at the earliest. The company has a total of four offices in India and it’s headquarter in the country is located in Hyderabad.

The present office of Google Inc in Mumbai is spread over 20,000 sq. ft. area and is located at BKC’s North Avenue Maker Maxity. The new office space in the First International Financial Centre (FIFC) Tower is five times bigger than the current office.

The First International Financial Centre (FIFC) Tower in the Bandra Kurla Complex is a 12-storey FIFC Tower having offices of various reputed global companies that include Oracle and McKinsey & Company, and the Citigroup acquires a total of six floors in the tower. The company’s headquarter is also located here only.

Back in 2013, the software giant Oracle India signed a nine-year lease deal contract for 50,000 sq. ft. of office space in the same building. Apart from this, the US technology company Apple also leased around 12,000 sq. ft. office space in the same tower.